What Gridmatic does

Gridmatic is an AI-enabled power marketer founded in 2017 by Matt Wytock, a former Google Search/Ads engineer with a Carnegie Mellon PhD in machine learning for grid optimization. The company operates across all 7 U.S. deregulated wholesale energy markets (ERCOT, PJM, CAISO, MISO, SPP, NYISO, ISONE) and delivers four interlocking services: wholesale energy trading, battery storage optimization under tolling agreements, retail electricity supply through Gridmatic Retail, and renewable PPA procurement. Gridmatic describes the grid as too complex and fast-moving for human decision-making and positions its platform as fully automating 24/7 bidding, dispatch, and trading.

The underlying technology combines proprietary AI weather modeling, deep learning-based price and load forecasting across thousands of locations, and grid-constrained optimization that constructs risk-adjusted portfolios across day-ahead, real-time, and ancillary service markets. Built on Google Cloud with PyTorch and modern MLOps tooling (Kubernetes, Terraform, Flyte, Temporal, DBT, Weights & Biases), the platform has been validated by DNV and is reported by the company to be the most profitable day-ahead energy participant in ERCOT cumulatively from 2018 through 2025, while operating the #1-ranked battery in CAISO (2024-2025) and the #1-ranked 2-hour battery in ERCOT TB2 uplift (2025). Contracted storage grew from 1 GWh in December 2024 to approximately 2 GWh by mid-2026.

Gridmatic monetizes across multiple revenue streams: transaction-based trading spreads in wholesale markets, fixed/revenue-share/bid-optimization tolling fees on battery storage assets, usage-based retail electricity supply in Texas, Ohio, and Pennsylvania, multi-year PPAs with renewable developers, a $50 million closed Energy Storage Fund, and a SaaS-style AI Load Optimizer deployed via channel partner Vega Energy Advisors to flexible-load customers (Bitcoin miners, AI data centers). Named customers include Energy Vault (10-year offtake for the 57 MW/114 MWh Cross Trails BESS in Texas, plus Calistoga Resiliency Center), Alpha Omega Power (100 MW Caballero CAISO battery), EdgeConneX (24/7 carbon-free energy pilot and 10 MW PPA), AVANGRID, Sol Systems, Data Factory, and Synota. The company is privately held, with disclosed equity funding of approximately $46 million across 2021 and 2023 rounds, and reports 51-100 employees.

Name

Gridmatic

Legal name

Gridmatic, Inc.

Website

https://gridmatic.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

51–100 employees

Short description

Gridmatic is an AI-enabled power marketer that uses deep learning and proprietary weather models to optimize energy trading, battery storage dispatch, retail supply, and flexible-load management across all 7 U.S. deregulated wholesale markets.

Ownership category

akta.pro rank

Product category

Energy Market Optimization Software

NAICS

Custom Computer Programming Services (541511), Electric Power Generation, Transmission and Distribution (2211)

SIC

Services-Prepackaged Software (7372), Electric Services (4911)

akta.pro primary industry

Grid Analytics, Forecasting & Decision Support (Load/DER/Outage) (EUADAEAI)

akta.pro secondary industries

Ancillary Services Aggregation & Bidding Optimization (DER/VPP participation) (EUAFALAJ), DERMS & Distributed Grid Orchestration (DER Integration within ADMS) (EUADAEAF), Demand Response, Load Flexibility & Smart Thermostat Aggregation (EUADAPAM)

Keywords

• AI energy forecasting
• Battery storage optimization
• Wholesale energy trading
• Renewable energy supply
• Grid optimization software

Headquarters

HQ city

Cupertino

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales

Revenue model

1. Energy retail supply (Gridmatic Retail): Supplies energy to commercial and industrial customers under standard and advanced time-matched renewables contracts in Texas, Ohio, and Pennsylvania; revenue is usage-based on customer consumption and includes value-added AI-driven optimization for flexible loads.
2. Battery storage optimization (tolling agreements): Signs tolling agreements with grid-scale battery owners and performs market bidding/dispatch to optimize revenues. Offers multiple business models including fixed monthly payments, revenue sharing, and bid-optimization services.
3. Energy trading in wholesale markets: AI-driven fully-automated bidding and energy price forecasting in all 7 U.S. deregulated markets; revenue is transaction-based on captured spreads in day-ahead, real-time, and ancillary service markets.
4. Power purchase agreements (PPAs): Signs PPAs to procure clean energy for retail customers; e.g., 15MW offtake from AVANGRID's Barton Chapel wind project, 10MW PPA with Sol Systems / Mars Solar serving EdgeConneX.
5. Gridmatic Energy Storage Fund: $50 million energy storage fund (closed Nov 2023) that invests in and operates battery systems using Gridmatic's AI forecasting, capturing upside from optimized trading and dispatch.
6. AI Load Optimizer platform licensing: AI Load Optimizer platform deployed to large flexible-load customers (Bitcoin miners, data centers) for automated market participation, offered in collaboration with channel partner Vega Energy Advisors.

Pricing tiers

Go-to-market motion5 records

Distribution channels6 records

Marketing channels9 records

Core offering

Gridmatic is an AI-enabled power marketer that operates a research-grade machine learning and deep learning platform to forecast energy prices, weather, and load across all 7 U.S. deregulated wholesale energy markets, then automatically optimizes how energy is supplied, stored, and used. The platform powers Gridmatic Retail (retail energy supply to commercial and industrial customers), battery storage optimization under tolling agreements, power purchase agreement (PPA) procurement from renewable asset owners, and direct AI-driven energy trading in day-ahead, real-time, and ancillary service markets.

Product overview

Gridmatic operates a single, unified AI-first power company built on a proprietary AI forecasting and optimization platform (the Gridmatic AI Forecasting and Optimization Platform) that consumes weather, load, price, and grid telemetry across all 7 U.S. deregulated energy markets and turns those forecasts into automated trading, dispatch, and procurement decisions. The platform is delivered through several interlocking products and services: a wholesale Energy Trading Platform (the most profitable day-ahead energy participant in ERCOT cumulatively, 2018-2025), a Battery Storage Optimization Service for grid-scale battery owners under tolling agreements (approaching 2 GWh contracted in CAISO and ERCOT), a Renewable Supply / PPA Service for clean energy procurement, a $50 Million Energy Storage Fund, the Gridmatic Retail sub-brand (a retail electricity supplier operating in Texas, Ohio, and Pennsylvania), and the Gridmatic AI Load Optimizer add-on for large flexible loads (Bitcoin miners, AI data centers). The OBM Daily Settlement and Automated Load Control Solution is the most recent partnership-enabled product, layering OBM's Real-Time Settlements platform on top of Gridmatic's forecasting to deliver same-day settlements and automated curtailment.

Differentiator

Problem solved

Functional benefit

Brands

• Gridmatic Retail: Gridmatic's retail electricity supply business serving commercial and industrial customers, including data centers, manufacturers, and businesses with flexible loads. Operates a separate website (gridmaticretail.com) and runs as Gridmatic Retail under President Jackson Vo. Holds Texas (#10307), Ohio (#25-140646), and Pennsylvania (EPA #PA-2025-3056545) electricity supplier licenses.
• Gridmatic AI Load Optimizer

Products and services

• Gridmatic AI Forecasting and Optimization Platform The proprietary AI platform that powers all of Gridmatic's offerings, using research-grade machine learning, deep learning, and proprietary AI weather models to forecast energy supply, demand, and prices across all 7 U.S. deregulated energy markets (ERCOT, PJM, CAISO, MISO, SPP, NYISO, ISONE) and optimize bidding, dispatch, and asset scheduling 24/7. Sold via tolling agreements, retail supply, and trading services.
• Gridmatic Retail Retail electricity supplier serving commercial and industrial customers (data centers, manufacturers, businesses with flexible loads) with AI-driven energy contracts including time-matched renewables, variable-load, and carbon-free energy products in Texas (ERCOT), Ohio, and Pennsylvania (PJM).
• Gridmatic AI Load Optimizer Platform launched August 2025 in collaboration with Vega Energy Advisors that helps large flexible energy users—Bitcoin miners, AI data centers—reduce costs by automating their participation in ERCOT electricity markets, dynamically adjusting market offers and bid-to-buy curves based on weather, grid conditions, and market risk.
• Battery Storage Optimization Service Tolling-agreement service for grid-scale battery owners. Gridmatic performs market bidding and dispatch across energy and ancillary service markets in ERCOT, CAISO, and other ISOs to maximize revenue under fixed monthly payments, revenue sharing, or bid optimization services. Operates the #1-ranked 2-hour battery in ERCOT TB2 uplift (2025) and #1-ranked battery in CAISO (2024-2025), with contracted storage approaching 2 GWh.
• Energy Trading Platform AI-driven, fully-automated trading across all 7 major U.S. energy markets (ERCOT, PJM, CAISO, MISO, SPP, NYISO, ISONE). Captures spreads in day-ahead, real-time, and ancillary service markets, with Gridmatic reported as the most profitable day-ahead energy participant in ERCOT cumulatively (2018-2025).
• Renewable Supply / PPA Service Power purchase agreement (PPA) procurement service that signs contracts with renewable asset owners to supply clean energy to commercial and industrial customers, using Gridmatic's own forecasting to manage supply risk. Includes a 15 MW offtake from AVANGRID's Barton Chapel wind project (2023) and a 10 MW solar PPA with Sol Systems serving EdgeConneX (2025).
• Gridmatic Energy Storage Fund $50 million energy storage fund unveiled in August 2023 and closed in November 2023. The fund invests in and operates battery energy storage systems using Gridmatic's AI forecasting and optimization, targeting revenue uplift of up to 46% for grid-tied storage systems. Available to qualified investors.
• OBM Daily Settlement and Automated Load Control Solution Co-developed with OBM, Inc. and announced March 3, 2026. Combines OBM's Real-Time Settlements platform with Gridmatic's AI-powered energy forecasting to deliver daily (rather than 45-60 day) energy settlements and automated load control for large flexible loads such as Bitcoin miners and AI data centers.

Quantifiable outcome

• Lowers energy costs by up to 10% for Bitcoin miners when combining AI forecasting with daily settlements (Synota case study)
• +5 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability7 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered flagship and core.

• OBM, Inc.flagshipTechnology or Integration · 3 March 2026Collaboration to launch a daily energy settlement and automated load control solution for large flexible loads (Bitcoin miners, AI data centers). The solution replaces traditional 45-60 day collateral requirements with automated daily settlements, reducing credit risk and working capital needs while enabling automated curtailment during high-cost periods. Combines OBM's Real-Time Settlements platform with Gridmatic's AI-powered energy forecasting.
• Satoshi Energy and Cholla Inc.coreStrategic or Co-development Partner · 4 November 2025Three-way partnership to advance flexible load innovation in Texas for Bitcoin mining and data centers. AI-powered retail energy collaboration drives cost savings, risk management, and grid-supportive solutions.
• Vega Energy AdvisorscoreChannel Partner/ Reseller/ Distributor · 12 August 2025Channel partnership to roll out the Gridmatic AI Load Optimizer to large flexible-load customers. Vega Energy Advisors is a U.S. energy consultancy; together they help Bitcoin miners, data centers, and other large energy users reduce costs by automating their participation in electricity markets. Data Factory was among the first to adopt.
• Sol Systems (Mars Solar project)coreStrategic or Co-development Partner · 26 June 2025Gridmatic signed a 10 MW solar power purchase agreement (PPA) in Texas with Mars Solar, a project managed and co-owned by Sol Systems, an Independent Power Producer focused on clean energy infrastructure. The PPA serves edge data center provider EdgeConneX.
• Alpha Omega PowercoreStrategic or Co-development Partner · 3 December 2024Alpha Omega Power purchased a 100 MW CAISO battery storage system (Caballero) and brought Gridmatic on as battery optimizer. Gridmatic's AI optimizes battery operations and manages risk through resource trading and risk management, ISO market settlement, and asset performance reporting.
• Energy VaultflagshipStrategic or Co-development Partner · 8 November 202410-year offtake agreement for Energy Vault's 57 MW/114 MWh Cross Trails Battery Energy Storage System in Scurry County, Texas. Cross Trails reached commercial operation in June 2025, marking the first asset under Energy Vault's "Own & Operate" growth strategy, with Gridmatic providing a guaranteed revenue floor plus upside participation. A second collaboration includes the $28M Calistoga Resiliency Center financing, with Eagle Point Credit Management providing $18M project financing.
• AVANGRIDcoreStrategic or Co-development Partner · 16 February 2023Two-year partnership to deliver carbon-free energy to Texas businesses: Gridmatic purchases 15 MW of zero-emission energy from AVANGRID's 120 MW Barton Chapel wind project in Jacksboro, Texas, to supply its retail customers with clean and affordable wind energy. Agreement runs January 1, 2023 to December 31, 2024.
• EdgeConneXflagshipStrategic or Co-development PartnerMulti-year co-development of 24/7 carbon-free energy for EdgeConneX's data centers, including a 1 MW Houston pilot that ran 24/7 carbon-free for over a year, and a 10 MW PPA (via Sol Systems) to serve an EdgeConneX edge data center. Co-authored white paper on practical 24/7 CFE implementation.

Scale indicators11 records

Recent moves10 records

Expansion highlights7 records

Direct peers

• Leap: AI-enabled wholesale energy trading platform operating across U.S. ISOs. Most directly comparable to Gridmatic's automated day-ahead/real-time trading book and price-forecasting engine.
• Ascend Analytics: Applies ML and optimization to power-market forecasting, asset valuation, and resource planning for utilities and storage developers. Closely mirrors Gridmatic's forecasting and battery optimization stack.
• Stem (Stem Inc.): AI-driven energy storage optimization and virtual power plant platform for C&I customers and grid-scale assets. Direct competitor in battery optimization and flexible-load monetization, with overlapping customer segments.
• EnergyHub: DERMS platform that aggregates behind-the-meter assets (smart thermostats, batteries, EVs) for utility demand response and VPP programs. Comparable to Gridmatic's AI Load Optimizer for flexible-load aggregation.
• AutoGrid (Schneider Electric): AI-based energy data and optimization platform for distributed energy resources, virtual power plants, and flexibility markets — a directly comparable AI optimizer offering now within Schneider's Grid Operations portfolio.
• Voltus: Virtual power plant and demand-response aggregator monetizing commercial and industrial flexible loads across U.S. wholesale markets. Closely matches Gridmatic's flexible-load and ancillary-services aggregation motion.
• CPower: Demand-response and load-management aggregator for C&I customers across U.S. wholesale markets; comparable to Gridmatic's flexible-load optimization and ancillary-services monetization.

Emerging players

• Kevala: AI-enabled grid analytics and DER-hosting platform for utilities and developers; overlaps with Gridmatic's forecasting and grid-edge analytics capabilities but is more focused on interconnection and planning.
• Uplight: Energy customer engagement and DER orchestration platform serving utilities and retail electricity providers; comparable to Gridmatic Retail's customer-facing energy management layer.

Regional players

• GridBeyond: AI-driven distributed energy and battery optimization platform headquartered in Ireland, serving European and select U.S. customers; comparable technology to Gridmatic's battery and load optimizer but primarily non-overlapping geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/gridmatic

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Gridmatic