Gridmatic Retail Welcomes Jackson Vo as President, Secures Option 1 License
Under Vo’s leadership, Gridmatic will strategically expand its customer base with the Option 1 Retail License, serving a full range of C&I clients
Cupertino, CA, Feb 27, 2024 — Gridmatic, the industry-leading AI-enabled power marketer, welcomes Jackson Vo as President of Gridmatic Retail. The company also announces its securing of an Option 1 Retail License in ERCOT, empowering the company to serve customers across all load sizes.
Vo brings over 25 years of invaluable experience in the energy industry, having held leadership positions at companies such as Freepoint Energy Solutions, Direct Energy, Luminant Energy and TXU. He has honed his expertise in the energy retail space, serving customers across the PJM, ERCOT and NYISO markets.
“Jackson’s appointment introduces an exciting new chapter for Gridmatic Retail,” stated Matt Wytock, CEO of Gridmatic. “His exceptional caliber and expertise will be instrumental in propelling us forward into our next phase of growth and innovation.”
“I am excited to join Gridmatic at such a pivotal moment in the energy industry,” said Vo. “Gridmatic Retail occupies a unique position in the energy market, fusing Silicon Valley innovation and cutting-edge AI technology with a wealth of energy sector expertise, spanning trading and retail operations. Our particular blend of technology and experience enables us to lead the industry in this dynamic space.”
Securing the Option 1 license marks a significant milestone for Gridmatic Retail, opening up new opportunities for customers with less than one megawatt of energy demand, providing them access to advanced energy procurement strategies often limited to larger energy buyers.
Option 1 REPs are certified by the Electric Reliability Council of Texas (ERCOT). As both an Option 1 and Option 2 REP, Gridmatic’s market-proven AI is now available to businesses of all sizes with energy contracts that drive down costs and help achieve sustainability goals. The company’s retail unit, Gridmatic Retail, offers both standard products such as Block and Index, as well as next-generation energy products including Time-Matched Renewables and custom products for customers with variable and complex needs.
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About Gridmatic
Unlike traditional power marketers, Gridmatic uses AI to optimize renewable energy 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. With 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. For more, visit https://www.gridmatic.com.
Media Contacts
For Gridmatic:
Leo Traub
646-883-3562
gridmatic@antennagroup.com
