Gridmatic Retail Launches in Ohio to Support Load Growth Amid Rising Demand

Gridmatic expands into the PJM electrical grid, bringing its load-optimizing technology and energy market forecasting expertise to the US’s largest regional transmission organization

CUPERTINO, Calif.--(BUSINESS WIRE)--Gridmatic, a leading AI-enabled power marketer, today announced the launch of Gridmatic Retail in Ohio. The energy retail service will offer standard and advanced energy contracts to meet the growing demand from commercial and industrial customers, including data centers, manufacturers, and other consumers with flexible loads. This expansion marks Gridmatic’s first operations in PJM Interconnection, the country’s largest wholesale electricity market.

Gridmatic Retail offers stable and predictable energy contracts designed to reduce costs for a diverse portfolio of commercial and industrial energy users, ranging from large data centers to medium-to-large sized businesses. Gridmatic’s focus on quality customer service and ease of collaboration are attracting the attention of both brokers, consultants and commercial customers seeking a reliable, innovative energy partner.

Ohio has rapidly emerged as a highly active region for data centers, with AEP Ohio, the state’s largest utility, forecasting that demand largely driven by data center growth could increase from 600 MW in 2024 to 5 GW by 2030. To help data centers increase their load flexibility on the grid, Gridmatic brings its Load Optimizer to customers in Ohio, enabling data center operators and other high-volume power consumers to reduce energy costs by over 5%.

“We’re excited to bring our industry-leading forecasting and automation to customers in Ohio,” said Jackson Vo, President of Gridmatic Retail. “Our focus on making it easy for retail energy customers and data centers to reduce costs, strategically manage their energy use, and optimize their flexible loads is a key reason we’ve achieved the level of growth we’ve seen to date.”

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. https://www.gridmatic.com/