It was announced this week that GridBeyond, formerly Endeco Technologies, will create close to forty new jobs over the next three years as a part of business growth and planned international expansion.
The company is predicting greater than 100% year to year revenue growth in 2018, having already seen a fivefold revenue increase over the period 2014-2017.
By the end of June, GridBeyond is planning to launch a new and easy to navigate website to further help in simplifying the complex energy market by presenting information on the energy markets, balancing services, capacity, smart tariffs, energy trading, peak avoidance and energy optimisation into one unified platform.
The new website will also host the refreshed GridBeyond Academy resources - including Continuing Professional Development (CPD) accredited courses for all the stakeholders interested in demand side response and the energy market as a whole. The resources include regular thematical webinars, whitepapers, briefings, blogs, and statements which address the current state of the energy market and discuss the predictions for further developments.
The company’s growth is supported by Enterprise Ireland Research & Development Fund, and Enterprise Ireland High Potential Start-ups programme with multiple equity investments from Enterprise Ireland and venture capital funds including Dublin Business Innovation Centre / AIB Seed Capital Fund, ACT Venture Capital, ESB NovusModus by ESB Innovation and private investors.
Speaking this week, Executive Director of Global Business Development at Enterprise Ireland, Kevin Sherry said, "GridBeyond is an example of an Irish company which has successfully utilised available supports to innovate and grow. The creation of 40 new jobs over the next three years is central to the company’s next stage of development and we look forward to continuing to work with GridBeyond on their international expansion plans."