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GridX acquires Innowatts to enhance rate platform

PRIVATESep 02, 2025

Acquiring Company

GridX

Acquired Company

Innowatts

MilpitasHoustonInformation TechnologyEnergySustainabilitySoftware

Description

GridX has announced its acquisition of Innowatts to strengthen its Enterprise Rate Platform capabilities. This strategic move enhances GridX's position in the utility market by integrating advanced load forecasting features. Innowatts' expertise in forecasting and utility planning will complement GridX's existing solutions. The acquisition aims to provide a comprehensive toolset for utilities amid the evolving energy landscape.

Company Information

Company

GridX

Location

Milpitas, California, United States

About

GridX 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 32 million homes and businesses.

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Frequently asked

Who acquired Innowatts?

Innowatts was acquired by GridX, based in Milpitas. The deal was reported on September 2, 2025. GridX partners with utilities and energy suppliers to transform their businesses and accelerate the clean energy transition. GridX is privately held and operates in Information Technology.

When did GridX acquire Innowatts?

GridX's acquisition of Innowatts was reported on September 2, 2025. GridX has announced its acquisition of Innowatts to strengthen its Enterprise Rate Platform capabilities. This strategic move enhances GridX's position in the utility market by integrating advanced load forecasting features. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Innowatts do?

Innowatts is a specialized provider of advanced load forecasting and utility planning analytics. They offer leading short and long-term load forecasting and grid planning analytics. It is privately held, operating in Software, and is based in Houston.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.