AI-Powered Energy Marketer Gridmatic Reaches Major Milestones Across Storage and Commercial Markets

Gridmatic, a pioneering AI-driven power marketer, has announced significant expansion across two of the nation’s most critical energy markets. The company now manages a combined portfolio of 300 MW with 1 GWh cumulative energy storage capacity, marking a substantial milestone in the evolving battery storage sector. This growth underscores the increasing demand for intelligent forecasting solutions in volatile energy markets.

Storage Portfolio Expansion in Key Markets

The company has established a robust presence in ERCOT and CAISO, where battery energy storage deployment continues to accelerate. Gridmatic’s managed assets include systems deployed by Energy Vault and other major storage operators. The AI-backed optimization has delivered tangible results: annualized revenue in ERCOT’s battery energy storage segment reached $113/kW/year in the first half of 2024—representing a 61% improvement compared to the market average of $70/kW/year during the same period.

This performance uplift reflects Gridmatic’s proprietary forecasting capabilities, which enhance revenue generation and risk management for storage operators. The company’s Day Ahead Real Time Trading operations have become particularly critical as energy markets increasingly prioritize real-time pricing dynamics.

Retail Sector Gaining Momentum

Since launching its retail energy provider operations in ERCOT during early 2023, Gridmatic has cultivated a diverse client base spanning commercial enterprises and large-scale data centers. The retail division specializes in structured clean energy contracts designed to reduce operational costs and enhance sustainability commitments for industrial customers.

Current retail offerings include advanced renewable energy products, time-matched renewable solutions, and customizable energy strategies for operations with fluctuating consumption patterns. These solutions address the complex needs of organizations pursuing measurable carbon reduction targets.

The Role of AI in Energy Optimization

David Miller, Chief Commercial Officer, highlighted the company’s competitive advantages: “Our differentiated model allows us to guarantee baseline revenue floors while sharing upside gains with storage partners. As real-time energy markets mature, capabilities in Day Ahead Real Time Trading have become increasingly essential.”

Gridmatic’s AI infrastructure operates by analyzing wholesale market dynamics—supply patterns, demand fluctuations, and price signals—to optimize when and how storage assets participate in market operations. This automation layer reduces operational friction and mitigates revenue volatility for asset owners navigating increasingly complex market conditions.

Future Direction for the Energy Landscape

CEO and Founder Matt Wytock emphasized the broader industry implications: “The convergence of advanced forecasting and real-time market participation represents the evolution of energy markets themselves. As grids integrate higher renewable penetration, intelligent automation becomes not a competitive advantage but an operational necessity. Gridmatic’s multi-line business model—spanning trading, storage optimization, and retail solutions—demonstrates how AI can create stability across an inherently volatile energy ecosystem.”

The company’s trajectory reflects a fundamental shift: traditional power marketing is evolving toward algorithmic, data-driven decision-making. Gridmatic’s expanded footprint suggests that storage operators and commercial energy buyers increasingly recognize predictive analytics as essential infrastructure for grid stability and cost optimization.