GridBeyond Acquires Veritone’s Energy Business
Summary
Serving organizations in both commercial and regulated sectors, its software, services, and industry applications simplify data management, empowering brands to run more efficiently, accelerate decision making and increase profitability. Veritone’s Enterprise AI platform, aiWARE, orchestrates an ecosystem of machine learning models to transform audio, video and other data sources into actionable intelligence. Led by Michael Phelan and Richard O’ Loughlin, GridBeyond offers a combination of technology and consultative approach to provide its partners and clients with future-proof access to energy services. Its technology means every connected asset – whether utility-scale renewables generation, battery storage, or industrial load – can be utilized to help maximize opportunities and enhance the grid. By intelligently dispatching flexibility into the right market, at the right time, asset owners and energy consumers unlock new revenues and savings, resilience, and management of price volatility, while supporting the transition to a Net Zero future.
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