Gridmatic

Gridmatic is an AI-powered power company headquartered in Cupertino, CA, built for the modern grid shaped by renewables and batteries. Founded in 2017 by Matt Wytock (a Carnegie Mellon ML PhD and former Google engineer), Gridmatic uses research-grade machine learning and deep learning to automate energy trading, optimize grid-scale battery storage, and supply retail energy to commercial and industrial customers. The company trades profitably across all 7 major U.S. deregulated energy markets (ERCOT, PJM, CAISO, MISO, SPP, NYISO, ISONE) with fully automated bidding systems, and has been recognized as the most profitable day-ahead energy participant in ERCOT since entering the market.

Gridmatic's technology stack centers on proprietary AI weather modeling, deep learning price forecasting across thousands of grid locations, and physical optimization of battery dispatch and energy trading given real-time grid constraints. Their platform orchestrates a toolkit of physical assets - renewables, battery storage, and flexible loads - to deliver cleaner and more affordable energy. On the battery side, Gridmatic surpassed 1 GWh (300 MW) of energy storage under management by late 2024, achieving a 61% revenue uplift versus average ERCOT battery revenues. They operate the #1 performing battery in CAISO (2024-2025) and the #1 ranked 2-hour battery in ERCOT's TB2 uplift category in 2025.

Gridmatic is significant to the US energy supply chain because it represents a new class of AI-native power company that can bridge renewable variability and grid reliability at scale. By automating market participation for battery owners, enabling flexible load optimization for data centers and Bitcoin miners, and expanding its retail footprint into Texas, Ohio, and Pennsylvania, Gridmatic is helping integrate more clean energy into the grid while reducing costs for large commercial customers. Its $50M Energy Storage Fund (closed November 2023) further demonstrates its role as a capital allocator and operator in the rapidly growing grid-scale battery market.