Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail Business
Gridmatic, an AI-enabled power marketer, announced significant growth in its energy storage and retail businesses. The company has secured 300 MW / 1 GWh of storage under management across ERCOT and CAISO markets, including projects with Energy Vault (NYSE: NRGV). Their AI technology has demonstrated superior performance, achieving $113/kW/year annualized revenue in ERCOT BESS during H1 2024, representing a 61% increase over the market average of $70/kW/year.
Since launching as a Retail Energy Provider in ERCOT in early 2023, Gridmatic Retail has expanded its services to commercial and data-center clients, offering stable clean energy contracts and innovative solutions including Time-Matched Renewables and customized options for flexible loads.
Gridmatic, un commerciante di energia abilitatore dall'AI, ha annunciato una significativa crescita nelle sue attività di stoccaggio energetico e di vendita al dettaglio. L'azienda ha gestito 300 MW / 1 GWh di stoccaggio nei mercati ERCOT e CAISO, compresi progetti con Energy Vault (NYSE: NRGV). La loro tecnologia AI ha dimostrato prestazioni superiori, raggiungendo un fatturato annualizzato di $113/kW/anno nell'ERCOT BESS durante il primo semestre del 2024, rappresentando un aumento del 61% rispetto alla media di mercato di $70/kW/anno.
Dopo essere diventata un Fornitore di Energia al Dettaglio in ERCOT all'inizio del 2023, Gridmatic Retail ha ampliato i suoi servizi a clienti commerciali e data center, offrendo contratti di energia pulita stabile e soluzioni innovative, tra cui le Rinnovabili Abbinate nel Tempo e opzioni personalizzate per carichi flessibili.
Gridmatic, un comercializador de energía habilitado por IA, anunció un crecimiento significativo en sus negocios de almacenamiento de energía y venta al por menor. La empresa ha asegurado 300 MW / 1 GWh de almacenamiento bajo gestión en los mercados ERCOT y CAISO, incluidos proyectos con Energy Vault (NYSE: NRGV). Su tecnología de IA ha demostrado un rendimiento superior, alcanzando $113/kW/año de ingresos anualizados en el ERCOT BESS durante el primer semestre de 2024, lo que representa un aumento del 61% respecto al promedio del mercado de $70/kW/año.
Desde su lanzamiento como Proveedor de Energía al por Menor en ERCOT a principios de 2023, Gridmatic Retail ha ampliado sus servicios a clientes comerciales y centros de datos, ofreciendo contratos de energía limpia estables y soluciones innovadoras, incluidas las Renovables Sincronizadas en el Tiempo y opciones personalizadas para cargas flexibles.
Gridmatic, AI를 활용한 전력 마케팅 회사, 에너지 저장 및 소매 사업에서 중요한 성장을 발표했습니다. 이 회사는 ERCOT 및 CAISO 시장에서 관리하에 300 MW / 1 GWh의 저장 용량을 확보했으며, Energy Vault (NYSE: NRGV)와의 프로젝트를 포함하고 있습니다. 그들의 AI 기술은 탁월한 성능을 보여주었으며, 2024년 1분기 동안 ERCOT BESS에서 연간 매출 $113/kW/년을 달성하여 시장 평균인 $70/kW/년에 비해 61% 증가했습니다.
2023년 초 ERCOT에서 소매 전력 공급자로 출범한 이후 Gridmatic Retail은 상업 및 데이터 센터 고객에게 서비스를 확장하며, 안정적인 청정 에너지 계약과 시간에 맞춘 재생 가능 에너지 및 유연한 부하를 위한 맞춤형 옵션을 포함한 혁신적인 솔루션을 제공하고 있습니다.
Gridmatic, un commercialisateur d'énergie habilité par IA, a annoncé une croissance significative dans ses activités de stockage d'énergie et de vente au détail. L'entreprise a sécurisé 300 MW / 1 GWh de stockage sous gestion sur les marchés ERCOT et CAISO, y compris des projets avec Energy Vault (NYSE: NRGV). Leur technologie AI a démontré des performances supérieures, atteignant un revenu annualisé de $113/kW/an dans l'ERCOT BESS au cours du premier semestre 2024, représentant une augmentation de 61% par rapport à la moyenne du marché de $70/kW/an.
Depuis son lancement en tant que fournisseur d'énergie de détail en ERCOT début 2023, Gridmatic Retail a étendu ses services à des clients commerciaux et de centres de données, offrant des contrats d'énergie propre stables et des solutions innovantes, y compris des énergies renouvelables harmonisées dans le temps et des options personnalisées pour des charges flexibles.
Gridmatic, ein KI-gestützter Energiekaufmann, gab ein signifikantes Wachstum in seinen Energie-speicher- und Einzelhandelsgeschäften bekannt. Das Unternehmen hat 300 MW / 1 GWh an verwalteter Speicherkapazität in den ERCOT- und CAISO-Märkten gesichert, einschließlich Projekten mit Energy Vault (NYSE: NRGV). Ihre KI-Technologie hat überlegene Leistungen gezeigt und erzielte im ersten Halbjahr 2024 einen annualisierten Umsatz von $113/kW/Jahr im ERCOT BESS, was eine 61%-Steigerung gegenüber dem Marktdurchschnitt von $70/kW/Jahr darstellt.
Seit der Einführung als Einzelhandelsenergieanbieter in ERCOT Anfang 2023 hat Gridmatic Retail seine Dienstleistungen auf gewerbliche Kunden und Rechenzentren ausgeweitet, indem es stabile Verträge für saubere Energie sowie innovative Lösungen wie zeitlich abgestimmte erneuerbare Energien und maßgeschneiderte Optionen für flexible Lasten anbietet.
- Achieved 300 MW / 1 GWh of energy storage under management
- Generated 61% higher revenue ($113/kW/year) compared to ERCOT market average ($70/kW/year)
- Significant expansion in retail business serving commercial and data-center clients
- None.
Insights
The partnership between Gridmatic and Energy Vault represents a significant development in the energy storage sector. The 300 MW / 1 GWh portfolio under management demonstrates substantial scale, while the
The expansion into retail energy provision and data center markets creates a diversified revenue stream. Gridmatic's AI-powered forecasting capabilities provide a competitive edge in both storage optimization and retail energy supply, particularly valuable in volatile markets like ERCOT and CAISO. For Energy Vault (NRGV), this partnership enhances the value proposition of their storage solutions through optimized revenue generation.
Gridmatic's AI-driven approach to energy market optimization represents a significant technological advancement in the power trading sector. Their success in achieving
The integration of AI forecasting with real-time market dynamics creates a compelling competitive advantage, particularly valuable for companies like Energy Vault. This technological edge in managing complex energy systems could drive further adoption of large-scale storage solutions.
Leading AI-backed power marketer expands footprint in CAISO, ERCOT with customers including Energy Vault
(Photo: Business Wire)
Under its storage business, Gridmatic has established a strong footprint in ERCOT and CAISO, the two largest and fastest-growing markets for battery energy storage. Cumulatively, Gridmatic has inked a total of 300 MW / 1 GWh under management, with projects including a system in
“We’re seeing significant interest from storage owners, in part due to our ability to offer differentiated solutions such as a guaranteed revenue floor and shared revenue above the floor,” said David Miller, Chief Commercial Officer of Gridmatic. “Further, Gridmatic is the leader in Day Ahead Real Time Trading in ERCOT, a critical capability as real time energy revenue becomes a greater focus for storage systems in the growing ERCOT market.”
Since launching as a Retail Energy Provider in ERCOT in early 2023, Gridmatic Retail has grown significantly, and is serving a diverse book of commercial and large data-center opportunities. Gridmatic Retail offers stable, predictable clean energy contracts designed to reduce costs for commercial and industrial energy users. Gridmatic Retail also offers next-generation retail energy solutions, including Time-Matched Renewables, customized solutions for large flexible loads, and advanced solutions for clients with variable and complex energy needs.
“The momentum we’re experiencing across our trading, storage, and retail lines of business isn’t just a sign of our own growth — it’s an indication of where the energy industry is heading,” said Matt Wytock, CEO and Founder of Gridmatic. “The future belongs to AI-enabled power marketers who can integrate advanced forecasting with real-time market dynamics. By harnessing AI-based forecasting to predict supply, demand, and pricing, we are creating synergies that drive stability, efficiency, and value across the energy landscape, accelerating the shift toward an intelligent, responsive grid.”
About Gridmatic
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. For more, visit https://www.gridmatic.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241210579395/en/
Media
Leo Traub
646-883-3562
gridmatic@antennagroup.com
Source: Gridmatic
FAQ
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