E.ON acquires majority stake in gridX and expands portfolio of digital solutions for the energy transition

E.ON acquires majority stake in gridX and expands portfolio of digital solutions for the energy transition

Essen-based energy group E.ON is constant to drive forward the digitalisation of the energy world by acquiring a majority stake in Aachen-based start-up gridX, the leading provider of smart grid intelligence within the energy sector. Founded in 2016, the corporate develops digital platform solutions that connect, control and optimise decentralised energy resources like electric cars.

Thomas Birr, Chief Strategy & Innovation Officer at E.ON, says: “The acquisition of a majority stake in gridX is another tread on our path toward the decentralised and, above all, digital energy world of subsequent decades. Through gridX, we’ll be ready to offer our customers innovative digital energy management solutions for the intelligent energy management of the whole home including the charging of e-cars and enable complete smart neighbourhoods. during this way, we also are enabling our customers to realize their own sustainability goals and contribute to the success of the energy transition.”

The two founders and managing directors of gridX, David Balensiefen and Andreas Booke, added: “Since the founding of gridX, our primary goal has always been to get maximum positive impact through our technology platform. Through the strong strategic partnership with E.ON, we will now support our customers even better on their thanks to a sustainable and decarbonised energy future.”
E.ON has already been working with gridX since 2017. In one among several applications including the installation of an intelligent load management system at E.ON’s headquarters in Essen that permits dynamic charging for electric vehicles. during this system, the available energy for the charging points is dynamically distributed between the charging points and brought under consideration within the building’s load management. If, for instance , consumption within the building drops, more electric cars are ready to be charged at an equivalent time or with higher charging power. this suggests that individual charging processes are optimised and therefore the full available electricity capacity at the situation is employed efficiently – in almost real time.

The gridX business model is fully in line with current developments within the energy industry: Originally clearly defined roles between energy producers on the one hand and consumers on the opposite are merging. many households are getting “prosumers” by not only consuming energy, but also feeding it into E.ON’s distribution grids via their own photovoltaic systems. The digital smart grid platform “Xenon” developed by gridX offers comprehensive options for the control and holistic optimisation of varied decentralised plants. E.ON customers in Germany and Europe can thus keep an in depth eye on their energy usage and take steps to regulate this at any time.