Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail Business
Energy Vault Holdings, Inc. (NRGV)
Company Research
Source: Business Wire
Leading AI-backed power marketer expands footprint in CAISO, ERCOT with customers including Energy Vault CUPERTINO, Calif.--(BUSINESS WIRE)--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.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241210579395/en/(Photo: Business Wire)Under its storage business, Gridmatic has established a strong footprint in ERCOT and CAISO, the two largest and fastest-growing markets for battery energy storage. Cumulatively, Gridmatic has inked a total of 300 MW / 1 GWh under management, with projects including a system in Texas deployed by Energy Vault (NYSE: NRGV). In addition to its growing portfolio, Gridmatic’s AI has
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News
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- Gridmatic Surpasses 1GWh of Energy Storage Under Management and Sees Major Growth in Retail Business [Yahoo! Finance]Yahoo! Finance
- Long Duration Energy Storage Analysis 2025-2045: Future Trends and Technologies for Grid and Beyond-Grid Applications [Yahoo! Finance]Yahoo! Finance
- Energy Vault Holdings, Inc. Announces Inducement Grants Under NYSE Listing Rule 303A.08Business Wire
NRGV
Earnings
- 11/12/24 - Miss
NRGV
Sec Filings
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- 12/17/24 - Form 4
- NRGV's page on the SEC website