GridPoint One of Five ‘Companies to Watch’ in ‘Utilities Get Enlightened’ Trend in Clean Energy Trends Report 2007
Clean Edge Report: Grid Needs Fixing, Harnessing Smart Technologies to Improve Efficiency & Integrate Distributed Clean Power Sources
WASHINGTON - April 11, 2007 - GridPoint, Inc.™, a leading clean tech company whose products benefit electric utilities, consumers and the environment, announced that it is one of five “companies to watch” in Clean Energy Trends Report 2007 by clean-tech research group Clean Edge. GridPoint is named as part of the “Utilities Get Enlightened” trend, one of five shaping the clean energy landscape this year.
The report’s “Utilities Get Enlightened” trend states that “the grid needs fixing, harnessing ‘smart’ technologies that improve its efficiency while making it more amenable to integrating distributed clean-power sources.”
GridPoint SmartGrid Platform™ offers an intelligent network that integrates energy storage technologies, load measurement and control devices, and renewable energy sources under direct utility control, enabling utilities to balance supply and demand in an economical, scaleable and environmentally beneficial manner. The platform enables utilities to reshape the load duration curve (efficiently balance supply and demand) by deploying stored power during peak periods, reducing customers’ peak loads, optimizing existing base-load generation assets and relieving stress on transmission and distribution (T&D) lines.
“Clean Edge has confirmed what we observe in the market as we work with utilities to advance clean technologies that increase the intelligence and efficiency of the electric grid,” said Peter L. Corsell, President and CEO of GridPoint.
By embracing GridPoint SmartGrid Platform, utilities achieve business objectives while assuming a leadership role in environmental stewardship. The distributed and clean nature of GridPoint’s solutions enables utilities to rapidly scale their peak power needs while avoiding regulatory and environmental hurdles associated with building new power plants. By optimizing generation and T&D assets, utilities can also reduce carbon emissions and criteria pollutants affecting public health, while conserving fuel, capital and land resources.
Additionally, GridPoint’s platform enables a utility to integrate its customers’ renewable energy sources in a utility-controlled manner. This capability represents a major step forward for the commercial success of solar and wind energy sources by serving as an intelligent gateway between these sources and the electric grid. Utilities can also offer their customers instant backup power and energy conservation services via a customer-controlled Web portal.
To download Clean Energy Trends Report 2007, please visit www.cleanedge.com
About GridPoint
GridPoint, Inc., a leading clean tech company, is the pioneer of an innovative smart grid platform to benefit electric utilities, consumers and the environment. GridPoint SmartGrid Platform™ offers an intelligent network that integrates energy storage technologies, load measurement and control devices, and renewable energy sources at the edge of the grid, under utility control. The platform enables utilities to efficiently balance supply and demand by deploying stored power during peak periods, reducing customers’ non-essential loads, optimizing existing base-load generation assets and relieving stress on transmission and distribution (T&D) lines. For consumers, GridPoint’s platform provides protection from power outages, increases energy efficiency and integrates renewable energy, paving the way for the commercial success of solar and wind energy sources.
On the Net: www.gridpoint.com
Contact Information
Suzanne Lauer
703.862.3137 or slauer@gridpoint.com
Media Contact
Suzanne Lauer
(703) 862-3137 or
slauer@gridpoint.com