Gridmatic, a leading energy trading and artificial intelligence firm, has signed a 10-megawatt (MW) power purchase agreement (PPA) in Texas to supply renewable energy to a data centre operator. The deal, announced this week, reflects the increasing demand for sustainable energy solutions in the data centre sector, which is known for its high energy consumption.

The PPA will leverage Texas' robust renewable energy infrastructure, including its vast wind and solar resources, to deliver clean power to the data centre. Gridmatic's AI-driven energy trading platform played a pivotal role in structuring the agreement, optimizing costs and ensuring reliability for the client. "This partnership demonstrates how advanced technology can bridge the gap between renewable energy providers and large-scale commercial consumers," said a Gridmatic spokesperson.

Texas continues to lead the U.S. in renewable energy adoption, with corporate PPAs becoming a key driver of growth. The state's deregulated energy market and abundant renewable resources make it an attractive hub for such deals. According to recent data, Texas accounted for nearly 30% of all corporate renewable energy contracts in the U.S. last year.

The data centre industry, under pressure to reduce its carbon footprint, is increasingly turning to PPAs to meet sustainability targets. This agreement is part of a broader trend where tech giants and data centre operators are committing to 100% renewable energy usage. Gridmatic's involvement signals the growing role of AI and data analytics in facilitating these transactions.

Market analysts predict that such deals will proliferate as renewable energy costs continue to decline and corporate sustainability mandates tighten. Gridmatic's success in Texas could pave the way for similar agreements in other deregulated markets, further accelerating the transition to clean energy.