Gridmatic has announced a partnership with Satoshi Energy and Cholla to advance energy solutions for large flexible loads, including Bitcoin and AI data centers. The collaboration is being deployed at Cholla’s 7 megawatt innovation lab for flexible compute in Mitchell County, Texas, targeting operational efficiency, cost reduction, and grid-supportive services.
Gridmatic reports that it was selected through a competitive process to supply retail energy services to Cholla. The contract utilizes Gridmatic’s artificial intelligence-powered day-ahead optimization for power trading (Day-ahead Real-time, or “DART,” trading) and demand response, specifically through the Emergency Response Service (ERS) program. According to Gridmatic, it will assume all downside risk, guaranteeing Cholla only financial upside, a contract structure the company claims is customer-focused in its approach to risk management.
Satoshi Energy’s technology is providing high-frequency, automated invoicing and payments for Cholla, which the company says significantly reduces collateral requirements and redefines risk allocation, while also improving operational workflows.
Applications span flexible computing loads, with a primary focus on Bitcoin mining and AI data centers. Gridmatic states its technology is also applicable to data center operators seeking to optimize energy procurement and demand response participation under dynamic grid conditions.
The press release references recent regulatory trends, specifically Texas Senate Bill 6, which is intended to incentivize new generation capacity and formalize the integration of large flexible loads into grid reliability frameworks.
The announcement includes supporting quotes from the companies: “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,” said Jackson Vo, President of Gridmatic Retail. Andrew Myers, CEO of Satoshi Energy, stated, “Our platform unlocks powerful value for both data center loads and energy suppliers, letting partners like Gridmatic and Cholla transact with less friction.”
Source: Gridmatic
