GridBeyond recently announced a strategic partnership with ABB to develop and deploy a battery energy storage system-as-a-service (BESS-as-a-service) offering. With the program, customers have access to energy that is affordable, reliable, and sustainable. It further fuels a global shift toward a more dynamic, distributed energy future. The partnership will utilise the knowledge and understanding of Tallarna, a specialist climate tech and finance technology platform. This new partnership will greatly improve the service’s overall reach and effectiveness.
That joint collaboration is especially important today. In related news, ABB today announced a $120 million investment to expand manufacturing of its low-voltage electrification products in the United States. This close investment fits ABB’s commitment to leveraging its support of GridBeyond’s vision of advancing sustainable energy solutions.
GridBeyond’s cutting-edge platform provides accurate energy price forecasting, critical to guiding efficient battery charge/discharge strategy. Responsive to market dynamics maximizing productivity and value in the battery assets improves useful life. It maximizes their performance across the board. By implementing real-time energy optimization via GridBeyond’s AI-driven platform, participants are empowered to take part in demand-side response programs.
Tallarna’s role is essential in this partnership, tapping their advanced data analytics software, insurance as a service solutions, and development finance expertise. These elements are intended to reduce market risks in order to encourage investment in BESS projects and provide clearer definitions of the financial return on investment for such investments.
“BESS-as-a-service offers customers a reliable, sustainable and profitable energy solution, one that focuses on reducing risk and maximising financial benefits. This makes it easier for businesses to thrive in a rapidly evolving energy landscape.” – Tallarna CEO and co-founder Tim Meanock
Michael Phelan, CEO of GridBeyond, emphasized the significance of this collaboration:
“As a strategic investor and long-term partner, ABB shares our vision of accelerating the global transition to a flexible, sustainable energy system. Battery storage systems help to enhance grid stability, integrate renewable energy sources and improve cost efficiency for C&I customers. But to take advantage of these benefits, it is crucial to analyse the projects’ feasibility, the financial implications, and have an accurate AI platform that can maximise batteries’ potential. This partnership with both ABB and Tallarna supplies the expertise and resources to deliver successful solutions for C&I customers and to ensure a successful transition to a net-zero future.” – GridBeyond CEO Michael Phelan
Designed with an approach that reduces customer risk and enhances financial returns, the BESS-as-a-service offering supports customers’ needs. It addresses the growing need for businesses to adapt in a rapidly changing energy environment. Together, by leveraging the complementary assets of GridBeyond, ABB, and Tallarna, this collaboration raises the bar for energy storage solutions.
