ABB and GridBeyond partner on BESS-as-a-Service offering
Global electrification and automation tech company ABB placed a strategic investment in GridBeyond — a smart energy company — in 2024. This week, ABB and GridBeyond unveiled their first collaborative offering: ABB’s newly launched Battery Energy Storage Systems-as-a-Service (BESS-as-a-Service) for commercial and industrial (C&I) customers worldwide.
The service is designed to help businesses lower energy costs, reduce carbon emissions, and improve resilience without the need for upfront capital investment.
“Our partnership with GridBeyond reflects ABB’s commitment to advancing technologies that support the seamless integration of renewables into the energy mix,” stated Lee Todd, Head of Energy & Carbon Services for ABB’s Electrification Service business. “Together, we are accelerating the transition to net zero by empowering industries to adopt smarter, more flexible energy solutions.”
GridBeyond AI optimization
GridBeyond’s AI-driven platform will play a critical role in optimizing the performance of ABB’s BESS-as-a-Service assets, enabling real-time energy optimization, demand-side response participation, and access to new revenue streams in global energy markets.
In addition, GridBeyond’s platform will deliver accurate energy price forecasting to optimize energy storage operations enabling informed decision-making, allowing for strategic charging and discharging that aligns with market dynamics and prolong the life of batteries.
Tallarna analytics added
To deliver this new solution, GridBeyond and ABB will also collaborate with Tallarna, a climate tech and finance platform for sustainable impact. Tallarna brings its data analytics software, insurance solutions, and financing expertise to de-risk BESS projects and provide visibility into the financial benefits of these initiatives.
“Together with GridBeyond and ABB, we are removing the barriers to energy storage adoption,” commented Tim Meanock, CEO and co-founder of Tallarna. “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.”
