The energy crisis has potential to speed up the energy transition but threats to net zero 2050 target remain

The Capacity Market Registers published on 29 November have confirmed that GridBeyond has prequalified 271 MW for the T-1 and 415 MW T-4 auctions planned for February 2023.

 GridBeyond, the leader in intelligent energy technology, has agreed a debt financing facility of €6m led by Claret Capital (Claret Capital Partners Limited), to support the Irish headquartered company’s continued internationalisation plans. 

Electricity storage will need a significant increase to support the decarbonisation of the grid by 2050, but stacking value and optimisation is the key to keep the investment attractive, new GridBeyond and Thrive Renewables paper says

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GridBeyond, the world’s leading technology player for managing distributed and flexible energy resources is expanding its geographic reach to provide services to Australia.