# Gridmatic

> Gridmatic is a Cupertino-based AI-first power company that forecasts electricity prices, bids and dispatches grid-scale batteries, buys renewable power, and supplies commercial customers. Its wager is that a grid crowded with weather-dependent renewables and flexible loads can be made cheaper and more reliable by combining research-grade machine learning with the balance sheet, licenses, and accountability of a real power marketer.

- **Founded:** 2017
- **Headquarters:** Cupertino, United States
- **Founders:** Matt Wytock (Founder and CEO)
- **Team size:** About 75 employees
- **Products:** Automated energy trading, Battery storage optimization, Gridmatic Retail, Renewable supply and PPAs, Energy Storage Fund
- **Notable:** Trades profitably across all seven major U.S. wholesale power markets, according to the company., Reports the highest cumulative day-ahead trading profit in ERCOT from 2018 through 2025., Surpassed 1 GWh of contracted energy storage under management by December 2024.

## Products & services

- **Automated energy trading** — Deep-learning price forecasts and fully automated bidding across all seven major U.S. wholesale electricity markets.
- **Battery storage optimization** — Market bidding, dispatch, risk management, ISO settlement, and reporting for grid-scale batteries, offered through tolling and optimization agreements.
- **Gridmatic Retail** — Electricity supply for commercial and industrial customers, including time-matched renewable and 24/7 carbon-free-energy structures.
- **Renewable supply and PPAs** — Power purchase agreements with renewable asset owners, paired with proprietary forecasting to manage intermittency and supply risk.
- **Energy Storage Fund** — A $50 million investment vehicle intended to support revenue-floor and upside-sharing structures for storage projects in ERCOT and CAISO.
- **AI Load Optimizer** — Automated wholesale-market participation for large flexible loads, including data centers and bitcoin miners; Gridmatic says it can reduce energy costs by more than 5% for suitable users.
- **Daily settlements and automated load control** — A collaboration with OBM that combines Gridmatic forecasting with daily billing and automated control to reduce collateral demands for large flexible loads.

## Achievements

- Trades profitably across all seven major U.S. wholesale power markets, according to the company.
- Reports the highest cumulative day-ahead trading profit in ERCOT from 2018 through 2025.
- Surpassed 1 GWh of contracted energy storage under management by December 2024.
- Optimizes Caballero, the top-performing battery in its 30-asset CAISO analysis for 2024–2025, with a reported 141% TBx capture rate.
- Reported the top-ranked two-hour battery by TB2 uplift in ERCOT in 2025.
- Structured the first physically settled revenue-floor contract for a battery in ERCOT with Energy Vault's Cross Trails project.
- Helped EdgeConneX operate a Houston data center with an hourly matched carbon-free-energy goal for more than a year.
- Expanded retail electricity service from Texas into Ohio and Pennsylvania.

## Latest updates

- **2026-07** — Industry coverage of Gridmatic's CAISO report highlighted an estimated $98 million in foregone fleet revenue and the company's finding that static bidding contributed to wide performance gaps.
- **2026-06** — Published its first CAISO Storage Report, reconstructing asset-level results for 30 batteries across 2024 and 2025 with a proprietary shadow-clearing engine.
- **2026-03** — Launched a collaboration with OBM for daily energy settlement and automated load control for large flexible loads in Texas.
- **2026-02** — Expanded Gridmatic Retail into Pennsylvania, adding another PJM state to its commercial energy footprint.
- **2025-10** — Launched Gridmatic Retail in Ohio.
- **2025-08** — Introduced the AI Load Optimizer with Vega Energy Advisors; Data Factory was among the first users.
- **2025-06** — Signed a 10 MW solar PPA with Sol Systems and renewed its clean-energy relationship with EdgeConneX.
- **2025-06** — Energy Vault's Cross Trails battery entered commercial operation with Gridmatic as offtaker and QSE.

## Links

- Website: https://www.gridmatic.com/
- LinkedIn: https://www.linkedin.com/company/gridmatic

---

Profile page: https://yespress.io/gridmatic
Published by YesPress — https://yespress.io
Last updated: 2026-08-14