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Grid Beyond Secures €12M to Power AI's Energy Needs
17 Mar
Summary
- Startup secures €12 million to manage grid power for AI.
- Grid Beyond's tech creates virtual power plants from varied sources.
- Their hardware bridges the gap for data centers during peak AI training.
The electrical grid is undergoing significant transformation, with renewables and storage shifting power generation away from traditional models. However, managing peak demand remains a critical challenge, acutely felt by data centers training AI models. Grid Beyond, a Dublin-headquartered company, has secured €12 million ($13.8 million) in equity funding to tackle this issue. The round was led by Samsung Ventures, with participation from ABB, Constellation, and others.
Grid Beyond specializes in creating virtual power plants by integrating disparate energy sources, including solar, wind, batteries, and hydropower. They manage approximately 1 gigawatt of generation capacity and several gigawatts of demand-side resources from commercial and industrial facilities. Their hardware controllers are installed across Australia, Ireland, Japan, the UK, and the United States.
The company's approach offers solutions for data centers, which experience high energy demands during AI training. By utilizing batteries, either on-site or through virtual power plants, these facilities can smooth out their power consumption, preventing grid oscillations. This also simplifies the connection process for data centers, easing their integration into the power infrastructure.
