AI-Enabled Power Marketer Gridmatic and AVANGRID Partner to Deliver Carbon-Free Energy to Texas Businesses

Gridmatic, the industry-leading AI-enabled power marketer, announced 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.

“With the launch of our new retail business, Gridmatic Retail, we are delivering advanced clean energy products to support businesses with both complex needs and the desire to fulfill climate goals,” said Matt Wytock, CEO and Founder of Gridmatic. “Partnering with companies like AVANGRID enables us to support our customers’ load with clean, renewable generation while accelerating the transition to 24/7 Carbon-free Energy.”

Gridmatic launched its retail business in January to provide customers with standard and advanced energy products, including time-matched, 24/7 Carbon-free Energy, and load variability contracts. Leveraging industry-leading AI-driven models, Gridmatic matches unique consumption profiles to clean energy generation to help businesses meet carbon reduction targets and lower energy costs.

“We are thrilled to be partners with companies like Gridmatic who, like us at AVANGRID, are committed to taking the steps needed to advance towards a cleaner, more sustainable economy and boost the energy transition in the country,” said Brian Faist, VP of Renewable Origination at AVANGRID. “With this partnership, along with our six other wind farms in the state, we are delivering over 1,200 MW of clean energy to the power industry and businesses throughout Texas.”

Gridmatic | https://www.gridmatic.com

AVANGRID | www.avangrid.com