Dublin startup GridBeyond and Triodos Energy Transition Europe Fund are expanding their GridBeyond Storage joint venture into new areas that include EV charging projects.

GridBeyond Storage is exploring other opportunities, such as BTM EV charging projects for commercial and industrial customers

The expanded partnership will accelerate the rollout of ‘Behind-the-Meter’ (BTM) battery energy storage systems (BESS) across the UK and Ireland. The next phase of work is supported by a new €11.25m (£9.4m) investment from the fund, as part of a combined new investment of €11.5m (£10.5m) in GridBeyond Storage.

GridBeyond Storage is now preparing to fund two ready-to-build BESS projects in Ireland and Scotland, totalling 8MWh. In parallel, the business is exploring other opportunities, such as BTM solar PV and electric vehicle charging projects for commercial and industrial customers.

Michiel van Beek, head of project equity at Triodos Investment Management, said: “The potential addition of BTM solar PV and EV charging projects further strengthens our portfolio with innovative technologies that align with the global push for decarbonisation, offering strong risk-adjusted returns. This collaboration keeps us at the forefront of sustainable energy investment.”

GridBeyond Deputy CEO Richard O’Loughlin remarked: “As more renewables are integrated into the energy market, batteries are a great asset, which can provide our industrial and commercial customers with more resilience, mitigate risk of power interruption, support grid connection challenges and deliver ultimately deliver value for our customer also through cost savings and carbon reduction.

“At the same time the evolution of our offerings with solar PV and EV smart management projects expands furthermore our ability to support our customers’ decarbonisation goals.”