Samsung Ventures has invested in GridBeyond, an Irish startup that specializes in grid management technology designed to help balance electricity supply and demand across power networks.

GridBeyond operates hardware and software systems that coordinate several gigawatts of electricity supply and demand to maintain grid stability. The company's technology uses batteries and software solutions to help manage the flow of electricity across power grids.

The investment from Samsung's venture capital arm represents the technology giant's interest in grid management solutions as the energy sector increasingly integrates renewable sources and distributed power generation. GridBeyond has attracted multiple investors for its approach to addressing grid balancing challenges.

The startup's technology aims to address growing complexity in electricity grids as they incorporate more variable renewable energy sources like wind and solar power, which require sophisticated management systems to maintain stable electricity supply.

Samsung Ventures, the investment arm of the South Korean electronics conglomerate, has been expanding its portfolio in energy technology and grid infrastructure companies as part of broader technology sector interest in energy solutions.