GridBeyondThursday, 24 February 2022
ByrneWallace LLP is delighted to have acted for smart energy technology company GridBeyond in the financing of its plans to develop a pipeline of behind the meter battery storage projects across the UK and Ireland, thanks to a project financing facility from Triodos Energy Transition Europe Fund.
The partnership includes €10 million within the first phase, allowing GridBeyond to install storage assets at its clients’ sites. This should see much needed additional storage capacity connected to the Irish and UK grids, to support the roll-out of more renewables by 2030.
The ByrneWallace LLP team who advised on this transaction included Gavin Blake (Partner and Head of Energy and Natural Resources), Karen Outram (Senior Associate, Banking and Finance) and Emmet Connolly (Associate, Corporate).