GridX, a provider of enterprise rate platforms for utilities, has acquired Innowatts, a specialist in advanced load forecasting and utility planning analytics. This strategic move enhances GridX’s ability to deliver comprehensive rate design and analysis solutions while expanding its reach into competitive retail energy markets.
The acquisition integrates Innowatts’ meter-level forecasting tools into GridX’s platform, enabling utilities to develop more precise and adaptive pricing strategies. These capabilities support long-term grid planning and real-time rate analytics, addressing the growing need for demand flexibility amid the clean energy transition.
Innowatts brings expertise in short- and long-term load forecasting, cost-of-service analysis, and distributed energy resource (DER) identification. The combined solution allows utilities to simulate future usage scenarios—such as weather shifts or DER adoption—and design resilient rate structures using unified, automated tools.
GridX CEO Chris Black pointed out that the acquisition marks a natural evolution of the company’s platform strategy, bridging upstream planning with downstream rate execution. And Innowatts CEO Dave Boundy echoed the sentiment, noting that the partnership creates a true end-to-end solution for utilities and energy retailers.
With this deal, GridX continues to build on its mission to support utilities in achieving clean energy goals, operationalizing new offerings, and improving customer engagement. The platform now serves over 32 million homes and businesses.
KEY QUOTES:
“The clean energy transition and need for increased demand flexibility requires a new class of enterprise software that connects long-term grid planning and end-use load detection with real-time rate analytics. While GridX has established itself as the necessary solution for rate design, analysis, marketing, and billing, utilities and retailers also need comprehensive planning tools upstream of that process. This move represents a natural evolution of our platform strategy by adding Innowatts’ forecasting and planning capabilities to create an even more valuable end-to-end solution for utilities and retail energy providers. It also signals a new phase of leveraging mergers and acquisitions for expanded growth and capabilities to best serve our growing customer base.”
Chris Black, CEO of GridX
“Joining GridX represents a tremendous opportunity to accelerate our impact in the utility and retail energy sectors. By combining our deep expertise in load forecasting and grid planning with GridX’s market-leading rate platform, we can now offer utilities and retailers a truly end-to-end solution that spans from long-term planning through real-time rate analytics. In doing so, we are furthering our commitment to offering utilities best-in-class demand flexibility solutions.”
Dave Boundy, CEO of Innowatts
