E.ON Acquires Majority Stake in Smart Grid Company gridX

The energy group E.ON announced the acquisition of a majority stake in gridX, the leading provider of smart grid intelligence in the energy industry. Through the strategic partnership with E.ON, gridX accelerates its growth course and enables new value chains in the market. gridX will remain an independent company – the two founders David Balensiefen and Andreas Booke will continue to act as managing directors.

The collaboration between the two companies began in 2017 and has intensified over the past few years – culminating in a Europe-wide rollout of intelligent load management solutions for electric car charging stations in September last year.

Thomas Birr, Chief Strategy & Innovation Officer at E.ON, said “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.”