NEWSWIRETODAY Press Release& Newswire Distribution | HOME
MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
Agency / Source: Yokogawa Electric Corporation

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Yokogawa and GridBeyond Conclude Investment and Strategic Partnership Agreements - For the one-stop provision of electricity trading and manufacturing energy consulting - GridBeyond.com / Yokogawa.com
Yokogawa and GridBeyond Conclude Investment and Strategic Partnership Agreements

 

NewswireTODAY - /newswire/ - Tokyo, Japan, 2024/04/19 - For the one-stop provision of electricity trading and manufacturing energy consulting - GridBeyond.com / Yokogawa.com. TOKYO: 6841

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, Yokogawa has participated in GridBeyond's Series C funding round.

GridBeyond leverages its own unique AI services, robotic trading, and other capabilities to provide an efficient electricity aggregation service that identifies suitable opportunities in the wholesale electricity market, where actually generated electricity is sold, ancillary service markets, where future electricity supply capacity is sold, and capacity markets, where short-term demand and supply balancing capacity is sold. The company has the know-how to help its customers maximize profits by taking market prices and other forecast data, facility constraints, and market opportunities into consideration to determine the best transaction plan for their facilities, and then automatically perform real-time bidding in these three markets. GridBeyond has more than 900 client sites in Ireland, the UK, the US, and Australia, and a track record in managing loads exceeding 1.7 gigawatts. Based on the knowledge gained through these activities and the latest information on electricity market conditions, it ensures trading strategies are always kept in an optimum state.

Soaring electricity prices can have a large impact on businesses, especially those with manufacturing facilities that use large volumes of electricity. Through a demand-response mechanism whereby users refrain from power use in times when there is a tight balance in power supply and demand, electricity trading allows businesses to generate additional income while helping to fulfill their responsibilities to society by stabilizing power supply and demand.

On the basis of this strategic partnership agreement, Yokogawa and GridBeyond will work together to provide consulting and operational services for the implementation of electricity trading, and thereby help customers use electricity more efficiently. With GridBeyond's distinctive know-how and achievements in providing virtual power plant solutions and Yokogawa's extensive experience in providing consulting services to manufacturers, the two companies will be able to propose and assist in the implementation of effective measures that will help customers maximize profitability.

Mark Davis, GridBeyond's Chief Commercial Officer, commented: "We are delighted to announce our collaboration with Yokogawa Electric. This partnership not only supports our ongoing expansion in Japan by supporting Japanese businesses towards their net zero goals, but will also allow GridBeyond and Yokogawa to work together in other global markets too. Yokogawa Electric is a leading company in Japan and internationally, and we look forward to this new collaboration."

Koji Nakaoka, a Senior Vice President of Yokogawa Electric and Head of the company's Energy & Sustainability Business Headquarters, said: “Yokogawa has gained the trust of its customers by leveraging its knowledge and innovative, high-quality technologies to provide measurement, control, and information solutions that contribute to stable operations and streamline operations at manufacturing sites. Going forward, we shall help our customers increase their profits and implement ESG management by combining Yokogawa's specialization in operational improvement with the energy management solutions of our Group company PXiSE Energy Solutions and the electricity trading services of the globally-proven GridBeyond to provide one-stop solutions for the streamlining of electricity use.”

About GridBeyond

GridBeyond's vision (gridbeyond.com) is to deliver a global zero carbon future. By leveraging AI, we innovate and collaborate with our customers to create optimal value from energy generation, demand, and storage to deliver a zero-carbon future. By bridging the gap between distributed energy resources and electricity markets, GridBeyond's 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.

About Yokogawa

Yokogawa (yokogawa.com) provides advanced solutions in the areas of measurement, control, and information to customers across a broad range of industries, including energy, chemicals, materials, pharmaceuticals, and food. Yokogawa addresses customer issues regarding the optimization of production, assets, and the supply chain with the effective application of digital technologies, enabling the transition to autonomous operations.

Founded in Tokyo in 1915, Yokogawa continues to work toward a sustainable society through its 17,000+ employees in a global network of 129 companies spanning 60 countries.

The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation, GridBeyond or their respective holders

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing / Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Yokogawa Electric Corporation

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing / Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Yokogawa and GridBeyond Conclude Investment and Strategic Partnership Agreements

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
GridBeyond | Yokogawa Electric Corp.
Contact: Press Office - Yokogawa.com 
+81 422-52-5535 press[.]yokogawa.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Yokogawa Electric Corporation securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing / Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Yokogawa Electric Corporation / Company Profile


Read Manufacturing / Robotics Most Recent Related Newswires:

Bekaert Strengthens its Offering in Synthetic Offshore Lifting and Mooring Solutions Via the Acquisition of BEXCO
LANXESS to Exhibit its Extensive Portfolio of Aroma Chemicals for the First Time At SIMPPAR Perfumery Ingredients Trade Fair
BASF Now Offering First Biomass-balanced Products for its Ammonia and Urea Portfolio
Södra Cell Deepens Collaboration with ABB by Ordering Advanced Process Control System for Pulp Production
NAF Control Valves Now Part of ANDRITZ
Hempel Enters Strategic Partnership with CVC to Accelerate Long-term Growth
ABB and Niedax Group to Create Joint Venture to Meet Growing Demand for Cable Tray Systems in North America
BASF Invests in Capacity Expansion of Basoflux® Range of Paraffin Inhibitors
International Process Plants (IPP) Enters Agreement to Market Ammonia, Methanol and Melamine Plants in Ludwigshafen, Germany, from BASF
LANXESS to Showcase Latest Ion Exchange Resins At IFAT in Munich
HUBER+SUHNER Breaks Ground on New POLATIS® Optical Circuit Switch Production Site
ABB Opens New €20 Million Energy-efficient Factory in Belgium
Chemovator Invests in Detroit-based Startup Heartland Rethinking Plastics Using Natural Fiber Reinforcements
LANXESS Introduces New Sustainable Ion Exchange Resin for Water Softening
Dunn-Edwards Opens 17 New Stores to Fill Gap in Northern California

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  RightITnow, Inc.

Visit  JobsWare.com





 
  ©2005-2024 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are proudly NOT affiliated with USA TODAY (usatoday.com)