GridX Closes $12M Series B Funding Led by Energy Impact Partners


GridX accelerates growth to deliver Business Operations Support solutions that help utility industry transition to clean energy

MILPITAS, Calif., May 25, 2021 – GridX, Inc., a leading provider of cloud-based business operations support solutions to utilities and energy suppliers, today announced that it has closed its Series B funding in the amount of US $12 million led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. This financing accelerates the company’s product roadmap and drives market adoption.

“GridX helps utilities and energy suppliers to transition to – and thrive in – a decarbonized and decentralized energy future,” said Matt Bisgyer, Vice President at Energy Impact Partners. “Our investment in GridX is a testament to the team’s unique vision and exceptional capabilities, and we’re confident this company is poised for rapid growth as it empowers the smooth integration of renewable energy into the daily lives of millions.”

Through its Business Operations Support (BOS) Cloud suite, GridX delivers turnkey applications that enable its clients to:

  • Develop new products, programs and business models that support their clean energy goals, including community solar, time-of-use rates and real-time pricing
  • Understand the impacts of new offerings on revenue and customers’ bills
  • Revamp traditional billing and meter-to-cash processes to quickly operationalize new offerings
  • Effectively target customers to facilitate broader adoption of new offerings and energy programs
  • Help their customers understand the financial implications of their energy use and deliver personalized advice on energy-saving opportunities and clean energy investments.

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