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Overview
Gridmatic uses artificial intelligence to improve the profitability and reliability of renewable energy assets. It serves three client groups: generators of renewables, operators of energy storage, and consumers of renewable energy. The product suite analyzes market data with machine learning to forecast energy prices, manage price and performance risk, and optimize revenue from energy transactions—especially for storage assets that must balance risk and availability. Unlike others that focus on a single segment, Gridmatic combines AI analytics with energy market expertise to optimize both generation and procurement across markets. Its goal is to accelerate clean energy adoption by making renewable energy cheaper, more predictable, and easier to deploy at scale, supporting decarbonization and a more reliable grid.
About Gridmatic
Industries
Data & Analytics
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Early VC
Total Funding
$6M
Headquarters
Cupertino, California
Founded
2020
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Simplify's Take
What believers are saying
- Gridmatic scaled to thousands of customers across ERCOT and PJM within two years.
- February 2026 PJM expansion into Ohio and Pennsylvania opens a larger retail growth lane.
- Its $50 million storage fund and 500 MW target deepen asset-management revenue and control.
What critics are saying
- ERCOT and CAISO battery margins tightened as ancillary-service prices saturated by 2026.
- Assuming Cholla's downside risk exposes Gridmatic to concentrated merchant losses if volatility spikes.
- Bitcoin-mining and data-center demand ties Gridmatic's brand to regulatory scrutiny and cyclical load churn.
What makes Gridmatic unique
- Gridmatic pairs AI forecasting with ERCOT and PJM retail power-marketing execution.
- It claims the most profitable ERCOT participant and top-performing CAISO battery asset.
- Daily settlement and downside-risk contracts differentiate Gridmatic for flexible loads and storage owners.
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Funding
Total Funding
$6M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Hybrid Work Options
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%'A really hard problem': Gridmatic CCO on the challenges of BESS revenue forecasting, the role of AI and load co-location. September 16, 2026 Energy-Storage.news Premium speaks with David Miller, CCO of optimiser Gridmatic, at the 2026 US Battery Asset Management Summit in Garden Grove, California. Over the past three years, the revenue mix for battery energy storage systems (BESS) in the US has changed, David Miller says, nowhere more so than in the Electric Reliability Council of Texas (ERCOT) and California Independent System Operator (CAISO) markets. It's no coincidence that ERCOT and CAISO are the country's two biggest markets for BESS. "I would say three years ago, the revenue streams across markets in the US, were dominated by ancillary services for batteries, and that has changed pretty significantly both in ERCOT and CAISO, where the energy revenues are the largest, primarily because there's been enough batteries to provide the ancillary service need, so the prices of ancillary service have saturated from that participation," he says. Miller continues, "In ERCOT, you could make pretty good revenue just bidding the same product every hour, every day, and you could even bid it at just zero price and say, 'I'll just take whatever the market clears.' That wasn't the ideal strategy, but it wasn't bad. Whereas if you did that today, you'd be one of the worst battery operators in the market." Try premium for just $1. * Full premium access for the first month at only $1 * Converts to an annual rate after 30 days unless cancelled * Cancel anytime during the trial period Premium benefits. * Expert industry analysis and interviews * Digital access to PV Tech Power journal * Exclusive event discounts Or get the full Premium subscription right away. Amet id ipsam deleniti minima aut laboriosam. Odio ut reiciendis delectus repudiandae dolorem quaerat. Alias asperiores eum molestiae libero assumenda non voluptatibus quo. Et esse laboriosam ab velit et. Eligendi sint assumenda et. Voluptatem quo est eius occaecati voluptatem tempore. Iste voluptas animi a voluptatem. Debitis est dolore aut fuga sunt voluptatem itaque assumenda. Id magnam officiis sint recusandae dolorum. Architecto numquam dignissimos quam corporis hic. Sit rerum amet provident. Id tempora quo placeat dolore. Eos sunt sapiente et facere. Ex facere et voluptate praesentium. 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Et quia eligendi ad quo aut labore ut iste. Quia qui esse aperiam eos illum exercitationem minus quod. Labore ipsum vitae dolorem est sed repellendus. Animi qui sequi similique dolorem sed vel omnis. Rerum saepe id atque animi. Soluta error neque dolor perspiciatis mollitia. Voluptatem corporis doloribus fugiat et. Unde et rerum magni. Dolores nisi laudantium laboriosam voluptatem. Sed aut repudiandae alias. Sunt est ab dignissimos quasi recusandae labore. Amet vitae illo debitis beatae nesciunt dolor dignissimos. Voluptatum consequuntur error at omnis. Tenetur quaerat facere placeat enim doloribus. Sint voluptas nam sed. Eligendi beatae corporis omnis ipsum facilis dicta a repudiandae. Suscipit et eligendi eveniet ipsum veritatis aut. Aspernatur adipisci fugit deserunt eos hic ut omnis. Corporis et itaque dicta similique. Labore ipsum vitae dolorem est sed repellendus. Animi qui sequi similique dolorem sed vel omnis. Rerum saepe id atque animi. Fugit dolores vitae iste qui. Dignissimos quo molestiae cumque. Sequi illo non saepe facere aut aliquid consequuntur sunt. Amet non illo dolor molestiae nulla eligendi quae. Id aut et velit quos sit ratione earum rerum. 3 November 2026 Málaga, Spain Understanding technology and supplier selection for Europe's utility-scale PV market in 2027. PV ModuleTech Europe 2026 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of PV module, inverter and battery supplier selection; product availability, technology offerings, supply chain traceability, quality assurance, factory auditing, system reliability, and supplier bankability.
Gridmatic, an AI-powered energy company, has partnered with OBM to launch a daily settlement and automated load control solution for large flexible loads, including Bitcoin mining operations. The collaboration combines OBM's Real-Time Settlements platform with Gridmatic's AI-driven energy forecasting. The solution replaces traditional monthly invoices with daily settlements, reducing collateral requirements from 45–60 days and lowering working capital needs. OBM's automated load control system manages operations based on real-time energy prices, curtailing activity during high-cost periods to protect customers from price spikes. The partnership aims to transform high-load operations into dynamic grid resources whilst reducing risk for both power suppliers and customers. Gridmatic is the most profitable participant in ERCOT's wholesale market and operates the top-performing battery asset in CAISO.
Gridmatic, Satoshi Energy, and Cholla Inc. partner to advance flexible load innovation in Texas. HOUSTON-(BUSINESS WIRE)-Gridmatic, a leading AI-enabled power marketer, today announced a strategic partnership with Satoshi Energy, a financial technology platform for the energy and data center industries, and Cholla Inc., a third-generation oil and gas exploration, Bitcoin mining, and powered land development company. Together, the companies are advancing energy innovation for flexible loads, including Bitcoin and AI data centers, at Cholla's 7 MW innovation lab for flexible compute in Mitchell County, Texas. In a landmark collaboration, Cholla Inc. selected Gridmatic through a competitive bid process to supply retail energy services, leveraging Gridmatic's advanced AI day-ahead optimization (Day-ahead Real-time, "DART", trading) and demand response (Emergency Response Service, ERS) programs. As part of this agreement, Gridmatic will assume all downside risk, guaranteeing Cholla only upside savings - a distinctive contract structure that demonstrates Gridmatic's customer-first approach to risk management. Meanwhile, Satoshi Energy's platform enables high-frequency, automated invoicing and payments, significantly reducing collateral requirements for Cholla, fundamentally redefining risk structures and enhancing operational efficiency. "Gridmatic's AI-driven optimization delivers tailor-made results for large flexible loads like Bitcoin and AI data centers. Our contract with Cholla redefines industry standards, providing innovative risk management and meaningful cost savings," said Jackson Vo, President of Gridmatic Retail. "We're committed to exceeding expectations on both reliability and risk management for our customers." "Our platform unlocks powerful value for both data center loads and energy suppliers, letting partners like Gridmatic and Cholla transact with less friction," said Andrew Myers, CEO of Satoshi Energy. "High frequency invoicing and payment mechanisms directly reduce risk while lowering effective energy rates - making this partnership a true win-win." "We're excited to facilitate a partnership between Gridmatic and Satoshi Energy - two industry leaders," said Brad Cuddy, Director of Energy Operations at Cholla Inc. "This pioneering collaboration is yet another example of Cholla's commitment to innovation in pursuit of energy abundance for all." With electricity demand surging from both Bitcoin mining and AI data centers, large flexible loads have become essential to maintaining grid reliability and advancing renewable energy. This partnership exemplifies the role innovative energy strategies play in making high-volume commercial loads both cost-effective and supportive of grid flexibility. Recent policies, such as Texas Senate Bill 6 - which aims to enhance grid reliability by incentivizing new generation capacity and establishing clearer frameworks for large flexible loads - underscore the state's shift toward formalizing how these resources contribute to reliability. This highlights the importance of proactive, market-based solutions like this partnership. For more information on the partnership, visit the websites for Gridmatic, Satoshi Energy, and Cholla Inc. Unlike traditional power marketers, Gridmatic uses AI to optimize renewable energy and battery storage participation in wholesale markets by forecasting energy supply, demand, and pricing. Leveraging market-proven algorithms, Gridmatic is able to provide stability, predictability, and automation for energy buyers, sellers, and storage owners amid increasing volatility. Gridmatic supports storage owners in optimizing battery operation and managing risk by forecasting prices and accurately timing market participation to mitigate nonperformance events. Under Gridmatic Retail, the company offers advanced solutions for businesses with complex energy needs to hit carbon reduction goals, including time-matched, variable load, and carbon-free energy products. With its industry-leading AI, Gridmatic is working to accelerate the transition to net zero and balance the renewable-powered grid. https://www.gridmatic.com/
US AI-enabled power marketer Gridmatic has completed the fundraising for its first energy storage fund which will oversee the management of up to 500 MW of
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About Gridmatic
Industries
Data & Analytics
Energy
AI & Machine Learning
Company Size
51-200
Company Stage
Early VC
Total Funding
$6M
Headquarters
Cupertino, California
Founded
2020
There are no jobs for Gridmatic right now.
Find jobs on Simplify and start your career today