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GridBeyond, a global smart energy company, has announced the acquisition of Veritone Inc Energy Business, a leader in AI software and services in North America, strengthening the business’ position in the US market
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Through the acquisition, Talan is set to double its scale of UK operations
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The two companies plan to jointly develop a renewable portfolio with 12GW of capacity
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The consultancy is focused on helping businesses understand their overall carbon footprint and ways to reduce them using Science-based Targets initiative strategies
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The projects have a total capacity of 98MW and are expected to be operational in 2023
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This represents 4x what it invested originally more than a decade ago
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It has agreed to pay $1.55bn for Sprng Energy
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The share has been purchased for £2.1m
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It has paid more than €1bn for the acquisition
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The renewable energy provider aims to have 1m customers in Italy by 2025
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We spoke with the companies’ founders on what led to the acquisition and why they believe it’s the best fit for the future
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The company says the acquisition supports Shell’s goal to become a major provider of renewable and low carbon energy
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