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Transmission

AI in Power Trading with David Miller

Apr 22, 2025
In this engaging conversation, David Miller, VP of Business Development at Gridmatic, dives into the transformative role of AI in power trading. He explains how AI enhances forecasting, bidding, and real-time optimization. David addresses the challenges new entrants face in accessing markets and how AI can streamline their participation. He also discusses the balance between automated trading and human decision-making during market volatility. Lastly, he shares insights on innovative contract structures and the evolving landscape of energy storage, painting a picture of the future of power trading.
43:21

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Podcast summary created with Snipd AI

Quick takeaways

  • AI enhances forecasting and real-time decision-making in power markets, optimizing battery storage and significantly improving trading efficiency.
  • Gridmatic’s innovative approach balances automation and human oversight, ensuring adaptability in volatile market conditions while maximizing profitability for asset owners.

Deep dives

Introduction to Gridmatic's Unique Approach

Gridmatic is pioneering the integration of artificial intelligence in power market optimization, significantly impacting how battery storage systems function. Founded by an ex-Google engineer, the company leverages algorithms originally designed for wholesale power trading to optimize battery storage and grid operation. The firm currently manages over a gigawatt of assets primarily across ERCOT and California, emphasizing the interconnected nature of their trading, storage, and retail operations. Gridmatic's holistic view of optimization allows them to navigate and capitalize on the complexities of market participation through their innovative AI-driven solutions.

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