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GridPoint Completes Acquisition of Standard Renewable Energy
ARLINGTON, VA – Feb. 26, 2010 − GridPoint, Inc., an established leader in smart energy solutions, announced today that it has completed its acquisition of Standard Renewable Energy (SRE), a leading provider of energy efficiency and renewable energy solutions, for an undisclosed sum. The move advances GridPoint’s commitment to transforming the production, distribution and consumption of energy to create a more efficient and clean power system.
The acquisition of SRE will expand GridPoint’s offerings to include installation and integration of solar and wind systems, energy audits and weatherization solutions, as well as augment the company’s commercial and industrial submetering and energy management product suite.
“GridPoint will serve customers across the smart energy ecosystem, offering products and services that create smart homes and smart business and integrate those buildings into the smart grid,” said Peter L. Corsell, CEO, GridPoint. “Renewable energy and energy efficiency will play key roles in this ecosystem, and we see great opportunity in these sectors.”
About GridPoint GridPoint is committed to building a clean, efficient energy future. We empower key stakeholders in the energy ecosystem with the visibility and control required to more efficiently consume, generate and distribute energy. Our smart energy solutions consist of hardware, software and services that integrate, aggregate and manage sources of energy consumption, generation and storage. An enterprise-class platform provides a shared foundation for our products, creating a common point of integration, asset provisioning and real-time management. GridPoint customers include Fortune 100 retail and restaurant chains, leading North American utilities and thousands of residential energy consumers.