Gridmatic, an AI-enabled power marketer, Satoshi Energy, a financial technology platform for the energy and data center industries, and Cholla Inc., an oil and gas exploration, Bitcoin mining, and powered land development company, have announced a strategic partnership. This collaboration aims to advance energy innovation for flexible loads, including Bitcoin and AI data centers, at Cholla’s 7 MW innovation lab in Mitchell County, Texas.
Under this agreement, Cholla Inc. selected Gridmatic through a competitive bid process to supply retail energy services. Gridmatic will leverage its advanced AI day-ahead optimization (DART trading) and demand response (Emergency Response Service, ERS) programs. The contract structure is notable as Gridmatic will assume all downside risk, guaranteeing Cholla only upside savings. Jackson Vo, President of Gridmatic Retail, stated, “Gridmatic’s AI-driven optimization delivers tailor-made results for large flexible loads like Bitcoin and AI data centers. Our contract with Cholla redefines industry standards, providing innovative risk management and meaningful cost savings. We’re committed to exceeding expectations on both reliability and risk management for our customers.”
Satoshi Energy’s platform complements this by enabling high-frequency, automated invoicing and payments. This functionality is designed to significantly reduce collateral requirements for Cholla, fundamentally redefining risk structures and enhancing operational efficiency. Andrew Myers, CEO of Satoshi Energy, commented, “Our platform unlocks powerful value for both data center loads and energy suppliers, letting partners like Gridmatic and Cholla transact with less friction. High frequency invoicing and payment mechanisms directly reduce risk while lowering effective energy rates – making this partnership a true win-win.”
Brad Cuddy, Director of Energy Operations at Cholla Inc., expressed enthusiasm for the collaboration, stating, “We’re excited to facilitate a partnership between Gridmatic and Satoshi Energy – two industry leaders. This pioneering collaboration is yet another example of Cholla’s commitment to innovation in pursuit of energy abundance for all.” With electricity demand surging from both Bitcoin mining and AI data centers, large flexible loads have become essential to maintaining grid reliability and advancing renewable energy.
This partnership exemplifies how innovative energy strategies can make high-volume commercial loads both cost-effective and supportive of grid flexibility. Recent policies, such as Texas Senate Bill 6, which aims to enhance grid reliability by incentivizing new generation capacity and establishing clearer frameworks for large flexible loads, underscore the state’s shift toward formalizing how these resources contribute to reliability. This highlights the importance of proactive, market-based solutions like this partnership.
Gridmatic, unlike traditional power marketers, utilizes AI to optimize renewable energy and battery storage participation in wholesale markets. It achieves this by forecasting energy supply, demand, and pricing, providing stability, predictability, and automation for energy buyers, sellers, and storage owners amid increasing volatility. The company supports storage owners in optimizing battery operation and managing risk through price forecasting and accurate market participation timing to mitigate nonperformance events. Through Gridmatic Retail, the company offers solutions for businesses with complex energy needs, including time-matched, variable load, and carbon-free energy products, to meet carbon reduction goals. Its AI technology aims to accelerate the transition to net zero and balance the renewable-powered grid.
