Samsung bets this island startup can tame the grid with software and batteries

AI Summary

GridBeyond, an island-based energy tech startup backed by Samsung Ventures, has developed hardware and software that coordinates several gigawatts of electricity supply and demand to help stabilize power grids. The company uses battery storage and intelligent software to balance grid flow, attracting significant investor interest.

GridBeyond's hardware and software coordinates several gigawatts of supply and demand to help balance the flow of electricity on the grid. The idea has attracted investors like Samsung Ventures.