Gridbeyond and Triodos Energy Transition Europe Fund agree new partnership

Feb. 22, 2022 - PRLog -- GridBeyond, the leader in intelligent energy technology, has agreed a project financing facility from Triodos Energy Transition Europe fund to establish a pipeline of behind the meter battery storage projects across the UK and Ireland.

Announced 22 February 2022, the partnership between Gridbeyond and Triodos Energy Transition Europe fund has a phase one commitment of €10m and will allow for the installation of a pipeline of battery storage projects located behind the meter at Gridbeyond's clients' sites across the UK and Ireland.

Triodos Energy Transition Europe fund is the financial partner in the deal. The fund invests in mission aligned assets and companies that generate renewable energy, improve energy efficiency and/or offer energy flexibility and is managed by Triodos Investment Management. Gridbeyond will be managing the process from the procurement of the equipment, installation/ construction of the storage assets, operation and maintenance, and revenue generation through bringing these assets into the market.

The size of the battery at each client site, is optimised using Gridbeyond's legacy expertise, proprietary sizing tools. It is determined based on consideration of the size of the site, its demand profile, any onsite generation existing or planned and the level of flexibility already available through demand-side response. Each battery is therefore sized to maximise the investment return for the investment optimised alongside the optimal result for the client.

This transaction marks the first step in the collaboration between Triodos Energy Transition Europe fund and Gridbeyond, who are already examining the potential to expand the partnership into other global markets.

More information about the fund can be found at: https://www.triodos-im.com

More information about Gridbeyond can be found at: www.gridbeyond.com