European BESS route-to-market optimisers Entrix, GridBeyond raise €55 million
AI-summarised brief · reviewed before publication
European battery storage optimisers Entrix and GridBeyond have raised €55 million in financing from investors. Entrix secured €43 million, while GridBeyond raised €12 million, with investors including Samsung Ventures. Both companies use AI and trading algorithms to optimise battery energy storage systems, but operate under different business models and territories, with Entrix focusing on Europe and GridBeyond more geographically diversified, to maximise revenue outcomes for customers' assets.