Founded Year

2010

Stage

Series C | Alive

Total Raised

$69.38M

Last Raised

$40M | 1 mo ago

Mosaic Score

+180 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About GridX

GridX provides billing and billing analytics solutions to utilities and competitive energy suppliers. GridX was founded in 2010 and is based in Milpitas, California.

GridX Headquarter Location

1525 McCarthy Blvd. Suite 1106

Milpitas, California, 95053,

United States

408-909-2168

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GridX's Products & Differentiation

See GridX's products and how their products differentiate from alternatives and competitors

  • Rate Design Tool

    The GridX Rate Design Tool (REAT) enables utilities to develop, evaluate and optimize rate designs by using whole customer population energy consumption data without the need for sampling. - GUI-based Tariff Management System to implement new rate design quickly - Use of Interval Data to afford rate designers complete freedom - Whole Population Bill and Revenue Impact Analyses eliminating sampling - Massive Computation Power to optimize the rate designer - Big Data Tools to visualize analysis results - Real Time and On-Demand batch analyses to improve efficiency

    Differentiation

    With enormous computation power and scalability GridX REAT supports whole population bill & revenue impact analyses, without the need for sampling. GridX REAT supports on-demand large batch analyses… 

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    Differentiation

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

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    Differentiation

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Expert Collections containing GridX

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

GridX is included in 1 Expert Collection, including Fintech.

F

Fintech

7,344 items

US-based companies

GridX Patents

GridX has filed 1 patent.

The 3 most popular patent topics include:

  • Electric power distribution
  • Energy conservation
  • Energy economics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

10/29/2019

Electric power distribution, Flow meters, Energy conservation, Smart grid, Energy economics

Application

Application Date

10/29/2019

Grant Date

Title

Related Topics

Electric power distribution, Flow meters, Energy conservation, Smart grid, Energy economics

Status

Application

Latest GridX News

Uplight and GridX Partner to Simplify Clean Energy Decision Making with Detailed Cost Information

May 3, 2022

Combining billing-grade analytics with personalized energy insights will accelerate adoption of the rates, technologies and programs required to achieve decarbonization goals May 03, 2022 08:00 AM Eastern Daylight Time BOULDER, Colo. & MILPITAS, Calif.--( BUSINESS WIRE )-- Uplight , the technology partner of energy providers transitioning to the clean energy ecosystem, and GridX , the leading enterprise rate platform provider to modern utilities and energy technology companies, today announced a partnership that will enable utilities to help energy customers better understand the bill impacts of their energy decisions and actions. Time-of-use (TOU) and other complex rate plans are increasingly critical to managing the grid, achieving decarbonization goals and integrating distributed energy resources (DERs) like solar, storage and electric vehicles. However, there is a customer engagement barrier to wide-scale rates adoption. According to EIA data, while TOU rates are available to 62% of U.S. residential customers, only 7.3% are enrolled in these plans. Furthermore, a recent report from the Smart Electric Consumer Collaborative suggested that fewer than half of residential customers even know what type of rate plan they are enrolled in. The partnership between Uplight and GridX helps remove the confusion and complexity felt by consumers with billing-grade analytics that deliver detailed costs of changing to a new TOU rate plan, purchasing an electric vehicle, installing solar and more. GridX has the ability to accurately design, implement and measure emerging rate structures and deliver detailed cost data that increases consumer investment in sustainable technologies. Coupled with Uplight’s industry-leading engagement solutions and customer UX, the two companies will work together to increase adoption of the technologies, devices and programs required to decarbonize. “The combined power of GridX and Uplight allows us to better serve utilities looking to accelerate customer adoption of TOU rates, ensure customers succeed on their new rates and increase the adoption of clean energy technologies,” said Chris Black, CEO, GridX. “We understand the challenge utilities face when calculating millions of data points to match each customer with the best rate and have eased that burden with powerful rate analytics that get cost information into the hands of energy customers faster.” As the leading provider of customer engagement solutions, Uplight can integrate highly detailed cost information from GridX’s rates analytics solution into utilities’ customer communications to improve the insights they provide, thereby further influencing action at scale. Providing these insights to customers has proven extremely successful. Between 2017 to 2019, a large North American utility saw an almost 400% increase in customer logins and lower customer TOU opt-out rate while leveraging GridX’s enterprise rate engine to provide customers financial insights into bill impacts of offered rates. “We know how powerful data is in not only building awareness of rate plans and sustainable technologies, but empowering customers to make changes with the confidence that their smart energy habits will result in lower bills and meaningful steps toward decarbonization,” said Donald McPhail, VP of Product at Uplight. “Together, we are helping utilities realize less strain on the grid, more satisfied customers and ultimately sustained adoption of behaviors that lead to load shifting and decarbonization.” Uplight and GridX will be jointly presenting a session on how better rate management can transform the grid at CS Week on Wednesday, May 4 at 10:45 a.m. Visit Uplight at booth #509 and GridX at booth #819. About Uplight Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streaming the complex transition to the clean energy ecosystem for more than 80 electric gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com , find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy. About GridX, Inc. GridX, Inc. partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. The company’s Enterprise Rate Platform helps these organizations to develop new products and business models to achieve their clean energy goals; quickly operationalize new offerings in their billing and settlement processes; and better engage with their customers for broader program adoption. GridX’s platform is used by leading utilities, retail energy suppliers and energy ecosystem OEMs to serve more than 19 million homes and businesses. For more information, visit www.gridx.com . Contacts

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