Articles from Gridmatic

Gridmatic, a leading AI-enabled power marketer, announced today 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.

Gridmatic, the industry-leading AI-enabled power marketer, today announced major growth milestones in its energy storage and retail businesses, reflecting the critical need for AI-powered forecasting and expertise to provide predictability, automation, and optimization for asset owners and commercial and industrial customers.

Alpha Omega Power (AOP), a utility-scale renewable energy developer, owner, and operator, announced it has acquired and raised financing for the Caballero battery energy storage project, a 100MW / 400MWh battery in Nipomo, California, in partnership with Fengate Asset Management. The Caballero project will provide enough energy to power over 100,000 homes for up to four hours daily during peak electricity demand periods, bringing clean energy and grid reliability to San Luis Obispo County and the California ISO (CAISO) market. The Caballero system will be the first project in AOP’s pipeline of utility-scale battery storage projects to come online.

Gridmatic, the industry-leading AI-enabled power marketer, today announces the second closing of its first energy storage fund, bringing capital commitments to $50 million. The fund is earmarked to oversee the management of up to 500 MW of battery capacity in the ERCOT and CAISO markets.

Gridmatic, the industry-leading AI-enabled power marketer, today announces the launch of its first Energy Storage Fund, a $50 million fund Gridmatic will use to oversee the management of up to 500 MW of battery capacity in the ERCOT and CAISO markets.

Gridmatic, the industry-leading AI-enabled power marketer, today published its second annual Energy Storage Report. The report analyzes the financial performance of all commercial storage systems operating in the Electric Reliability Council of Texas’ (ERCOT) territory and serves as a guide to help energy operators and developers plan the next course of action for their storage assets.

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.

Gridmatic, the industry-leading 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. Gridmatic has hired industry veterans Michael Osowski and Amy Van Gelder to head up the new business unit.