Post: GridBeyond Wins Frost & Sullivan’s 2019 Technology Innovation Award for Excellence in European Demand Side Response

“From an economic perspective, GridBeyond is expected to maintain its market leadership position for years to come based on high revenues generated from the GridBeyond Technology Platform, effective site utilisation, and low carbon footprint”, said Frost & Sullivan in the Award’s justification paper.

“GridBeyond stands out from other DR providers in generating new revenue streams for customers without requiring them to change their onsite hardware, as its solution is technology agnostic, vendor independent, and tailor-made based on the customers’ business size and types of assets.

“Furthermore, as DR in Europe transitions from a centralised market to a more localised market, the GridBeyond Technology Platform will prove highly valuable due to its ability to offer asset-by-asset and site-by-site analytics, reporting, and benchmarking across every area of energy management and demand-side response.”

“The company believes in a transparent revenue share policy, where customers know exactly how much they earn through the DR platform as well as the extent of GridBeyond’s share. This transparency is highly appreciated by its customers and
differentiates GridBeyond from other market competitors.”

“GridBeyond’s customers are well informed about the latest developments in the DR market and about new cost saving options open to them. Currently, GridBeyond’s energy platform is trusted by leading retailers, data centers, food producers, and other leading C&I participants and has created a strong brand value that attracts many businesses across different verticals.”

“We are delighted that the experts and analysts at Frost & Sullivan recognise our intelligent energy technology to be unique within the European market, and awarded us with the 2019 Technology Innovation Award.

“Since the beginning, it has been GridBeyond’s ethos to invest in the development of new technologies and the best talents in the industry, to continually introduce innovative solutions to the ever-changing energy market. After the successful commercial launch of the world’s first hybrid battery & demand network last year, we are continuing our work on implementing the most advanced solutions in AI and machine learning to further develop our services. Our goal is to benefit our clients by enhancing their sustainability, boosting their operational integrity, as well as profitability by generating savings and enabling them access to multiple revenue streams and trading opportunities.

“2019 will bring significant developments and further expansion of our business, and we are excited to kick it off with this highly regarded and respected award. The recognition of our achievements in the European market truly validates our ambition to never stop striving for excellence in our services, and drive the change in the global energy markets through innovation.” added Phelan.