The Dublin-based international energy services company GridBeyond is this Monday announcing the acquisition of the energy business of Veritone, an US-listed artificial intelligence provider. The deal is understood to be worth in the millions of euro and will see Veritone’s 25-strong energy team in the US and Vietnam join GridBeyond’s 125 existing staff. Veritone’s technology will improve GridBeyond’s ability to forecast the energy output of its customer’s renewable assets based on weather data, along with the availability of other contributors to electricity networks such as batteries and peak generators – all the factors that affect pricing in the market,” GridBeyond’s…
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