Company Profile
Founded in 2014, Matrix Energia is headquartered in São Paulo. By the end of 2023, the company had nearly 300 employees.
Matrix is a digital energy platform that provides a complete ecosystem of tailored solutions through a customer-centric business model. Catering to all customer segments from low to high voltage in Brazil, Matrix is dedicated to offering energy solutions and delivering value across the energy spectrum. Matrix generates renewable energy through its own solar power parks and oversees energy generation from third-party solar power plants. Additionally, Matrix owns over 1.3 GW of centralized generation assets that are ready for construction. Matrix is the largest independent energy trader in Brazil and the second largest retail energy trader.
Matrix’s core operations are structured through the following business units:
i. High and Medium Voltage (Free Energy Market): Since 2018, Matrix has been committed to a Long-Term Strategy for Power Purchase Agreements. Targeting consumers with a demand of 2.3 kW or more, represented by industries and retail clients.
i. Low Voltage Customers (Distributed Generation): Since 2023, Matrix is serving a diverse set of customers, including residential, commercial, industrial, and rural customers, with bills starting from R$200/month.
ii. Digital Power: Offering comprehensive energy solutions designed to enhance efficiency and sustainability for businesses and consumers alike.
2. ASSETS | Energy Generation: Focused on the production and management of energy sources.
More highlights about the core operations:
High and Medium Voltage Customers
Matrix is the largest independent energy trader in Brazil, focused on serving high and medium voltage clients in the Free Energy Market (Group A – consumers with demand above 2.3 kW).
In 2023, Matrix closed the year with more than 1,200 counterparts (buying and selling energy operations with generators, free consumers, special consumers, etc.) and served more than 1,050 consumption units (wholesale and retail clients), resulting in more than 27,000 GWh of energy originated in the year from operations in the Free Energy Market. Additionally, the company secured future contract guarantees with supply up to 2038, totaling more than 90,000 GWh.
Matrix is mainly focused on managing long-term energy contracts (PPAs), in addition to offering market migration services from the captive to the free market, management and representation, structured products, renewable certificates (I-RECs), modulation, Flex, and other energy efficiency solutions.
Low Voltage Customers
In the Distributed Generation maket, Matrix manages and represents the structure of Shared Generation and surplus energy for clients classified under Remote Self-Consumption. This mode serves Group B clients, meaning low-voltage clients, such as entrepreneurs or residential consumers with bills starting from R$200/month.
By March of 2023, Matrix had secured a renewable energy supply through its own and third-party solar power plants to serve more than 70,000 distributed generation members nationwide. These members seek to receive renewable energy from solar sources in the form of credits, offsetting consumption and reducing the amount charged by the distributor.
This business unit has a highly specialized and skilled commercial area that seeks to acquire new clients through three sales channels: i) strategic partners acting as sellers; ii) digital channel (lead generation and conversion); and iii) direct sales (prospecting and conversion through referrals, door-to-door sales, and trade associations).
ASSETS | Energy Generation
In 2022, Matrix started the vertical integration of its operations after the Joint Venture between Duferco and Prisma Capital, consolidating a specialized team in the development, implementation, and operation of energy generation assets.
Since then, Matrix has made investments in distributed generation solar power plants and is in the process of implementing 120 megawatts peak (“MWp”) of its own installed capacity, which will be fully operational by the end of 2024. By March of 2024, Matrix had nearly 40 MWac operational across 10 solar power plants.
Additionally, Matrix owns more than 1.3 GW of centralized generation assets ready for construction, using solar and wind energy sources. This energy is expected to be dedicated to serving clients in the free energy market.
Digital Power
In 2023, Matrix Energia launched its new Digital Power business unit, expanding its portfolio with energy efficiency and energy storage services, aiming to consolidate itself as an end-to-end platform.
Matrix’s key offering is the Battery Energy Storage System (BESS), a behind-the-meter battery storage solution. It enables charging from the grid during off-peak hours and discharging during peak hours, achieving cost savings through demand shifting without altering energy usage patterns. BESS is designed to enhance grid stability, reduce costs, and provide a reliable, continuous energy supply.
By March of 2024, Matrix had over 10 MW operational with its clients in Brazil and more than 125 MW contracted. In 2024, Matrix also launched another product targeting the qualified micro cogeneration market using piped natural gas. It improves efficiency in producing electricity and hot water, benefiting urban establishment
History
Duferco Group increased its stake in the company.
Matrix Energia has established a long-term strategy through Power Purchase Agreements (PPAs), securing supply commitments until 2036.
Matrix became a retail energy marketer, representing and facilitating consumer access to the Free Energy Market.
2021- Highlights in the ranking of the fastest-growing companies in the Americas – Financial Times
Highlights in the ranking of the fastest-growing companies in the Americas – Financial Times
Joint Venture between Duferco Group, based in Luxembourg, active in the Natural Gas, Energy, Industry, and Maritime Transport sectors, and Prisma Capital, a manager of alternative investment funds with R$ 15 billion in assets under management.
Matrix received the Great Place to Work award for the second year in a row.
Launch of the new Digital Power business unit aimed at enhancing its offerings with energy efficiency solutions and an energy storage system
2014
2015
Duferco Group increased its stake in the company.
2018
Matrix Energia has established a long-term strategy through Power Purchase Agreements (PPAs), securing supply commitments until 2036.
2019
Matrix became a retail energy marketer, representing and facilitating consumer access to the Free Energy Market.
2021- Highlights in the ranking of the fastest-growing companies in the Americas – Financial Times
2021
Highlights in the ranking of the fastest-growing companies in the Americas – Financial Times
2022
Joint Venture between Duferco Group, based in Luxembourg, active in the Natural Gas, Energy, Industry, and Maritime Transport sectors, and Prisma Capital, a manager of alternative investment funds with R$ 15 billion in assets under management.
Matrix received the Great Place to Work award for the second year in a row.
2023
Launch of the new Digital Power business unit aimed at enhancing its offerings with energy efficiency solutions and an energy storage system
Shareholding Structure
Duferco, a Swiss Group with distinguished expertise and diversification, operates across key markets: Energy, Natural Gas, Steel, Transportation, and Innovation. With a presence in 22 countries, the Group posted an annual revenue of USD 27.6 billion in 2023 and maintains a robust net equity of USD 1.8 billion. Within its Energy Division, Duferco has a trading volume, exceeding 906 TWh of energy.
Prisma CAPITAL is an independent manager of alternative investment in Brasil with substantial versatility in asset classes and sector engagement. It oversees assets totaling R$15.0 billion (~USD 3 billion), and has actively allocated R$10.7 billion or USD 2.1 billion across 101 transactions.
Business Model (Our strategic pillars)
Agile and Customer-Centric Approach
Placing customers at the center of operations, offering tailored solutions, and ensuring high-quality service to build long-term relationships and loyalty.
Diversification of Services
Expanding the range of services offered to include energy efficiency, energy storage, and other value-added initiatives to meet the evolving needs of customers.
Operational Excellence
Continuously improving operational processes, efficiency, and cost-effectiveness to maintain a competitive edge and maximize profitability for all stakeholders.
Sustainability
Committing to sustainable practices and solutions, including renewable energy sources, to reduce environmental impact and align with global sustainability goals.
People and Culture
Investing in employees' development, fostering a culture of innovation and collaboration, and ensuring a diverse and inclusive work environment.
Partnerships with all stakeholders
Collaborating with stakeholders under strict governance and ethical standards, leveraging our combined strengths to make a positive impact on how society engages with energy.
