GridmaticNews
Blog post
Dec 4, 2025
Beyond the Benchmark: Understanding How BESS Assets Can Outperform 100% of TBx
Endurance Park leads ERCOT performance In August 2025, ERCOT's published performance data revealed two standouts: Endurance Park and Cross Trails systems, optimized by Gridmatic, topped the
Case study
Nov 10, 2025
Powering flexibility: How AI forecasting and daily settlements unlock new value for Bitcoin miners
Gridmatic and Synota help cut costs, boost liquidity, and support grid reliability. This case study describes how Bitcoin miners facing volatile energy costs and cash flow strain benefit from Gridmatic's AI forecasting, which optimizes ERCOT market participation and unlocks new revenue from flexible load management. Synota's daily settlements reduce collateral needs and improve liquidity. Together, they lower energy costs by up to 10%, automate operations, and position miners as grid-supportive partners turning volatility into opportunity.
News
Nov 6, 2025
Gridmatic in the news – Datacentre Solutions: AI – the solution to AI data centre expansion
Jackson Vo, President of Gridmatic Retail, discusses the pressures on Texas as a rapidly developing data centre hub, with operators asking the same urgent question: how can we secure reliable power while staying competitive on cost and advancing carbon-free goals? Jackson explains how Gridmatic, an AI-powered retail energy provider, is working with data centre customers like EdgeConneX to answer that question – by unlocking the hidden flexibility in large electrical loads.
Press release
Nov 4, 2025
Gridmatic, Satoshi Energy, and Cholla Inc. Partner to Advance Flexible Load Innovation in Texas
AI-powered retail energy collaboration drives cost savings, risk management, and grid-supportive solutions for Bitcoin mining and data centers
Press release
Oct 16, 2025
Gridmatic Retail Launches in Ohio to Support Load Growth Amid Rising Demand
Gridmatic expands into the PJM electrical grid, bringing its load-optimizing technology and energy market forecasting expertise to the US's largest regional transmission organization. CUPERTINO, Calif.–(BUSINESS WIRE)–Gridmatic, a leading AI-enabled power marketer, today announced the launch of Gridmatic Retail in Ohio. The energy retail service will offer standard and advanced energy contracts to meet the growing demand from commercial and industrial customers, including data centers, manufacturers, and other consumers with flexible loads. This expansion marks Gridmatic's first operations in PJM Interconnection, the country's largest wholesale electricity market.
News
Aug 12, 2025
Data Center Dynamics: Gridmatic partners with Vega Energy to roll out AI grid optimizer platform
Designed to help large loads reduce costs through automated participation in electricity markets. US power marketer Gridmatic has partnered with US energy consultancy firm Vega Energy Advisors to roll out its grid optimizer platform. The Gridmatic AI Load Optimizer is designed to help large energy users reduce costs by automating their participation in electricity markets. The platform will target businesses such as Bitcoin miners and data centers that have flexible energy usage.
Press release
Aug 6, 2025
Gridmatic Launches AI Load Optimizer to Help Large Energy Users Capture More Value from ERCOT Markets
Gridmatic collaborates with Vega Energy Advisors to bring AI-powered market participation to flexible load customers; Data Factory among the first to adopt the platform for its bitcoin mining operations
News
Jun 26, 2025
Gridmatic Signs 10MW PPA with Sol Systems, serving Edge Data Center provider EdgeConneX
Gridmatic, a leading AI-enabled power marketer, announced a 10-megawatt (MW) solar power purchase agreement (PPA) in Texas with Mars Solar, a project managed and co-owned by Sol Systems, a leading Independent Power Producer committed to building, owning, and managing clean energy infrastructure that benefits local communities.
News
Jun 11, 2025
Energy Vault Achieves Major Strategic Milestone with Commercial Operation of Cross Trails BESS, Marking the First Asset Placed in Service Under "Own & Operate" Growth Strategy
Project placed in service ahead of schedule as the first project completed under Energy Vault's growing portfolio of "Owned & Operated" projects with a 10-year offtake agreement with Gridmatic providing guaranteed revenue floor plus upside participation
Podcast
Apr 22, 2025
Gridmatic – Modo podcast
Gridmatic's CCO, David Miller, joined the Modo Energy podcast to talk about AI-powered trading and storage optimization. In the conversation, David shares insights into how advanced optimization can significantly boost battery revenue—and how, in many cases, the impact of trading strategy can rival that of siting decisions.
Blog post
Apr 9, 2025
From Backup to Backbone
The role of storage on prices as illustrated by the Moss Landing outage Author: Austin Park, Engineering Manager, Gridmatic CAISO's rapid storage rise kept ancillary service (AS) market prices in [...]
Blog post
Mar 27, 2025
Impact of Location and Optimization on Maximizing BESS Revenue
This blog post dives into battery energy storage system (BESS) revenue and the key factors that influence it: location and optimization.
News
Jan 15, 2025
Gridmatic in PV Magazine: California vs. Texas: A comparison of battery energy storage market participation
California and Texas stand out as national leaders in existing and planned battery energy storage system (BESS) capacity. While both states share the goal of integrating renewable energy and stabilizing their grids, their networks have utilized BESS in distinct ways, reflecting their different market structures. This article describes some key differences between the electricity independent system operators (ISOs) that impact how battery owners operate and dispatch their BESS.
Press release
Dec 10, 2024
Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail Business
Leading AI-backed power marketer expands footprint in CAISO, ERCOT with customers including Energy Vault
Press release
Dec 3, 2024
Alpha Omega Power Purchases 100MW CAISO Battery Storage System and partners with Gridmatic to optimize system performance to maximize clean energy and grid reliability
AOP has brought on Gridmatic, an industry-leading power marketer, as the battery optimizer for Caballero. Gridmatic's AI optimizes battery operations and manages risk for storage owners through resource trading and risk management; ISO market settlement; and asset performance and market update reports.
Blog post
Nov 21, 2024
Differences in battery participation in the CAISO and ERCOT markets
This blog post explores the differences in battery participation between these two markets, focusing on how varying market rules and the distinct role of the Day Ahead Energy product shape revenue opportunities for storage assets.
Press release
Nov 8, 2024
Energy Vault Announces FID Approval for 57 MW Cross Trails Battery Energy Storage System in Texas and 10-Year Offtake Agreement with Gridmatic
Energy Vault Holdings Inc. (NYSE: NRGV) ("Energy Vault" or the "Company"), a leader in sustainable, grid-scale energy storage solutions, today announced plans for the deployment of a 57 MW/114 MWh Battery Energy Storage System (BESS) in Scurry County, Texas, as well as the signing of a 10-year offtake agreement with Gridmatic, a leading AI-enabled power marketer. Construction of the Cross Trails BESS is expected to begin in Q1 2025, with commercial operation expected by summer 2025.
News
Jun 21, 2024
Gridmatic featured in Solar Builder: Earning in ERCOT: How to optimize grid-scale battery banks in Texas
Optimizing ERCOT BESS revenue | Getting the most out of a grid-scale battery energy storage system (BESS) involves a sophisticated platform including artificial intelligence, algorithms, energy demand forecasting, weather forecasting, and historic data from thousands of substations around the country serving Independent System Operators (ISOs).
News
Jun 13, 2024
Gridmatic in UtilityDive: How can more companies use 24/7 clean energy? Hourly matching is 'not the hard part,' analysts say
Decarbonization leaders say we have the technology to match emissions with energy generation on an hourly basis. Insufficient data and renewable generation represent the real barriers, they say.
White paper
May 24, 2024
ERCOT Storage Report – 2023
Gridmatic's 3rd Annual Energy Storage Report for ERCOT is now available, with insights into the ever-evolving energy storage landscape in ERCOT. The report answers questions such as: How has total revenue and composition of revenue changed YoY? How did the evolving SOC expectations affect batteries? Did higher risk bidding strategies impact revenue in 2023? How are batteries measuring risk in 2024?
White paper
Apr 18, 2024
Advancing Toward Sustainability: A Year of Operating a Data Center with 24/7 Carbon-free Energy Goals
We're excited to highlight a significant accomplishment where we've delivered 24/7 carbon-free energy for over a year to EdgeConneX for their 1 MW data center in Houston. Below is a link to a white paper that describes how we collaborated with EdgeConneX to set and achieve an ambitious but attainable goal. We're proud to have helped our customer achieve rapid progress and demonstrate feasibility of time-matched clean energy.
News
Mar 26, 2024
Gridmatic featured in Energy Storage News: Texas BESS reliability issue is 'not over' for ERCOT despite NPRR 1186 state-of-charge rule rebuff
Speaking to Energy-Storage.news at our publisher Solar Media's Energy Storage Summit USA 2024 in the capital Austin last week, optimiser Gridmatic's VP business development David Miller explained that the issue is not over.
News
Mar 25, 2024
Gridmatic highlighted in Latitude Media: What does it take to make hourly matching work for a single data center?
Inside Gridmatic's effort to "scale down" time matched energy for smaller operators. In partnership with the power marketer Gridmatic, EdgeConnex has been running an hourly matching pilot at its 93,000 square foot data center in Houston, Texas.
Press release
Feb 27, 2024
Gridmatic Retail Welcomes Jackson Vo as President, Secures Option 1 License
Under Vo's leadership, Gridmatic will strategically expand its customer base with the Option 1 Retail License, serving a full range of C&I clients
News
Jan 11, 2024
Gridmatic featured in Wood Mackenzie's The InterChange Recharged podcast
David Banmiller and Wood Mackenzie's The Interchange Recharged podcast interviewed David Miller, Gridmatic's VP of Business Development, to discuss how we can use Artificial Intelligence to manage power markets. Listen to the full podcast to get the inside scoop on how AI can give market participants better insights, enabling them to navigate increasingly variable energy pricing and to tap into new revenue streams by optimizing operations and market bids. Apple Podcasts: https://apple.co/47nVOQv Spotify: https://spoti.fi/48BQTMG
Press release
Nov 15, 2023
Gridmatic Closes $50 Million Energy Storage Fund, Underscoring Importance of AI to Optimizing Batteries
Gridmatic will operate battery systems using its AI forecasting, which can boost revenue generation for grid-tied storage systems by as high as 46%
News
Nov 2, 2023
Gridmatic featured in Renewable Energy World: How AI-powered forecasting can advance the energy transition
Over the past decade, the U.S. electrical grid has experienced significant transformations, with renewable energy growth and a focus on grid resiliency to mitigate the impact of weather volatility. However, traditional management approaches and outdated systems struggle to handle the complexities, hindering grid optimization and supply-demand balance. AI is now crucial for addressing these challenges. Relying on traditional methods increases risks, including disruptions, economic inefficiencies, and slower renewable energy adoption.
Blog post
Oct 13, 2023
Impact of SOC Reserve Rule on Reliability During Extreme Events
In December 2022, ERCOT made a pivotal shift in State of Charge (SOC) expectations for energy storage systems, particularly impacting short-duration Energy Storage Resources (ESRs).
Blog post
Oct 13, 2023
ERCOT Load Growth Analysis
The relationship of load to temperature is well-understood, but load in Texas continues to climb even during more regular or previously-observed temperature levels2. Increasing commercial and industrial activity and population growth are the main contributing factors, exacerbated by a lack of energy efficiency policy.
Press release
Aug 8, 2023
Gridmatic Unveils $50 Million Energy Storage Fund, Unlocking New Investment Opportunities in the Energy Sector
The launch of the Energy Storage Fund represents a significant milestone in the maturation of the energy storage industry
News
Jul 13, 2023
Gridmatic featured in UtilityDive: A third of utilities have begun to pilot generative AI for customer service, other uses
"The customer-facing, front-line impacts will probably be much more apparent and much more immediate … but there will be deeper things that will potentially be more hidden, and will have greater impact."
News
Jun 26, 2023
Gridmatic featured in Energy Storage News: Texas: Market saturation and new ERCOT rules to hit BESS finances
David Miller, VP business development for Gridmatic, discussed these market changes in a recent interview – prior to last week's heatwave – in which he also argued why AI was needed to fully maximise BESS revenues.
Podcast
Jun 23, 2023
SmartBrief Podcast: Is AI the New Crypto When It Comes To Energy Consumption?
Matt Wytock and David Miller from Gridmatic outline the various ways artificial intelligence is helping solve some of the biggest challenges in the energy industry.
News
Jun 8, 2023
Gridmatic featured in Energy Storage News: Gridmatic on 'black box' AI optimisation criticism: 'results will speak for themselves over time'
Financial performance will ultimately determine the success of AI-based battery storage optimisation platforms, Gridmatic told Energy-Storage.news in response to recent comments from one developer.
News
May 31, 2023
Gridmatic featured in Reuters: Texas battery rush: Oil state's power woes fuel energy storage boom
BlackRock, Korea's SK, Switzerland's UBS and other companies are chasing an investment boom in battery storage plants in Texas, lured by the prospect of earning double-digit returns from the power grid problems plaguing the state, according to project owners, developers and suppliers.
White paper
May 18, 2023
ERCOT Storage 2022 – Full Report
Download our comprehensive 2022 Storage Report for ERCOT. Discover key insights on the changing total revenue and revenue composition year-on-year. Explore the revenue implications of Winter Storm Elliott in December 2022. Gain valuable understanding of how the new ERCOT SOC expectations will impact battery systems.
White paper
May 18, 2023
Gridmatic ERCOT Storage 2022 – Slide Show
View a concise slide show summary of our comprehensive 2022 Storage Report for ERCOT. Discover key insights on the changing total revenue and revenue composition year-on-year. Explore the revenue implications of Winter Storm Elliott in December 2022. Gain valuable understanding of how the new ERCOT SOC expectations will impact battery systems. This slide show provides an informative overview of our full report.
White paper
May 18, 2023
Gridmatic Releases 2022 Annual Energy Storage Report
AI forecasting can boost revenue by 46% for Texas battery owners, data shows
White paper
May 17, 2023
Annual ERCOT Storage Report 2021
Introducing the inaugural edition of our annual report, unveiling insights into the financial performance of storage systems in ERCOT during 2021. This report provides never-before-seen information on key aspects such as revenue breakdown by market products, revenue peakiness, availability rates, and commissioning and testing periods. The download includes the validation report conducted by DNV, the leading authority on testing and certification in the energy industry.
News
Apr 11, 2023
How generative AI is coming to the energy sector
Matt Wytock, founder and CEO of Silicon Valley-based power marketer startup Gridmatic, discusses how the same methodologies used to generate art can help to decarbonise the grid.
Blog post
Mar 1, 2023
Impact of new ERCOT state of charge guidelines on battery operations and net revenue
In December 2022, ERCOT updated the Business Practice Manual (BPM) section: "ERCOT and QSE Operations Practices During the Operating Hour" to define state of charge (SOC) expectations for Energy Storage Resources (ESRs) providing ancillary services (AS), as well as AS transitions. These BPM updates reflect impactful changes compared to how ESR market participants had previously been operating based on their understanding of the Protocols.
News
Feb 21, 2023
PJM to offer time-matched renewable energy certificates as demand for 24/7 coverage grows
Corporate buyers looking to ensure their energy purchases are carbon-free around the clock will soon be able to trade hourly renewable energy certificates on PJM's generation registry at no extra cost.
Press release
Feb 16, 2023
AI-Enabled Power Marketer Gridmatic and AVANGRID Partner to Deliver Carbon-Free Energy to Texas Businesses
Gridmatic, the industry-leading AI-enabled power marketer, announced today a two-year partnership with AVANGRID, a leading sustainable energy company and the third largest wind energy generator in the United States. The agreement is to purchase 15 megawatts (MW) of zero-emission energy from AVANGRID's 120 MW Barton Chapel wind project in Jacksboro, Texas. Gridmatic will use the offtake to supply its retail customers with clean and affordable wind energy. The agreement runs from January 1st, 2023 until December 31st, 2024.
News
Jan 24, 2023
AI-Enabled Power Marketer Launching Retail Supplier, Initially In Texas
Gridmatic, an AI-enabled power marketer, announced today the launch of Gridmatic Retail, "to optimize clean energy purchasing and provide predictability and automation for commercial and industrial customers."
Press release
Jan 24, 2023
AI-enabled power marketer Gridmatic launches retailer to meet advanced energy needs of commercial customers
Gridmatic Retail leverages AI to offer the most advanced time matched renewables contracts in the industry
Blog post
Dec 6, 2022
The Inflation Reduction Act and Standalone Battery Tax Credits
In the interest of gaining insights on the effects of the storage + solar rule changes in the Inflation Reduction Act (IRA), Gridmatic evaluated revenue for existing co-located battery + solar systems in ERCOT in 2021.
White paper
Oct 25, 2022
A Practical Approach to Implementing 24/7 Carbon-Free Energy for a Data Center
This paper was co-written by Gridmatic and EdgeConneX. It outlines how a pilot deployment may serve to provide data that can validate 24/7 CFE as a practical, effective solution for increasing the adoption of cleaner sources of energy.
Blog post
Aug 23, 2022
Keeping the lights on in ERCOT
If you live in Austin, Texas, you may have heard that this May 2022 was the hottest on record. So was June. And July. If you live anywhere in the United States, there's a fair chance you're one of the 100 million people facing heat advisories in over 28 states. Climate change arrived.
Blog post
Aug 18, 2022
Inflation Reduction Act
The Inflation Reduction Act (IRA) is the most substantial climate-related legislation of our generation, with many far-reaching implications. Below are some changes and corresponding implications
Blog post
Feb 19, 2021
The ERCOT Week that Was
It used to be that climate change was a more abstract concept with second or third order effects. This week we saw that it can have first order impacts.
Blog post
Dec 14, 2020
Texas Hums in the Heat, While California Faces Blackouts
Much has been written about California's forced blackouts in the Summer of 2020, but many may not realize that the Texas grid faced a near-crisis at the same moment. In this article, we compare a few key factors: resource mix, forecasts of load and renewables versus actuals, and market prices to show how drastically the results differed in the two states. Despite similar weather conditions on August 14, 2020, California faced blackouts while Texas energy was uninterrupted.
Blog post
Nov 20, 2020
The Icing That Isn't So Sweet
October 26th was a record-breaking day for wind generation in many of the US ISOs — not for magnitude of production or output, but for magnitude of forecast miss!
