GridBeyond, the global leader in intelligent energy technology for industrial and commercial (I&C) businesses, has joined the North East of England Process Industry Cluster (NEPIC).
The company supports large energy users in improving their bottom line through new revenue streams, increased savings and operational efficiencies.
GridBeyond harnesses the power of AI technology to connect industrial and commercial businesses, and their assets; including on-site demand, energy storage, generation and EV changing, to the award-winning Point platform.
The platform enables participation in energy services such as demand response, energy trading and peak cost avoidance, and provides access to a range of monitoring tools that enhance business resilience and operational integrity.
Mark Davis, Managing Director UK & Ireland at GridBeyond, commented:
“We are pleased to join NEPIC, a network of industrial and manufacturing leaders in the North East of England, and look forward to supporting them with our expertise and energy market insights.
“As the country recovers from the economic damage caused by the pandemic, energy markets create opportunities for businesses to secure fast access to long-term, recurring revenue streams that will help recuperate financial losses and mitigate future challenges posed by decarbonisation policies.
“By connecting energy intensive assets such as cooling towers, compressors, pumps, extruders, and on-site generation to an intelligent energy technology platform, I&C organisations can participate in grid balancing programmes, and benefit from a new revenue stream of up to £100k per MW.
“All without any impact on production or capital expenditure budget. Additionally, the technology enables in-depth energy analytics, and automations to improve operational efficiencies and generate savings, further supporting the business case for a holistic energy strategy, which is especially important at this time of economic uncertainty.”