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

Thomas Birr, Chief Strategy & Innovation Officer at E.ON, says: “The acquisition of a majority stake in gridX is another step on our path toward the decentralised and, above all, digital energy world of the next decades. Through gridX, we will be able to offer our customers innovative digital energy management solutions for the intelligent energy management of the entire home including the charging of e-cars and enable complete smart neighbourhoods. In this way, we are also enabling our customers to achieve 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 generate maximum positive impact through our technology platform. Through the strong strategic partnership with E.ON, we can now support our customers even better on their way to a sustainable and decarbonised energy future.”

E.ON has already been working with gridX since 2017. In one of several applications including the installation of an intelligent load management system at E.ON’s headquarters in Essen that enables dynamic charging for electric vehicles. In this system, the available energy for the charging points is dynamically distributed between the charging points and taken into account in the building’s load management. If, for example, consumption in the building drops, more electric cars are able to be charged at the same time or with higher charging power. This means that individual charging processes are optimised and the full available electricity capacity at the location is used efficiently – in almost real time.

The gridX business model is fully in line with current developments in the energy industry: Originally clearly defined roles between energy producers on the one hand and consumers on the other are merging. Millions of households are becoming “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 various decentralised plants. E.ON customers in Germany and Europe can thus keep a close eye on their energy usage and take steps to control this at any time.

This press release may contain forward-looking statements based on current assumptions and forecasts made by E.ON Group Management and other information currently available to E.ON. Various known and unknown risks, uncertainties, and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. E.ON SE does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to align them to future events or developments.