GridPoint

GridPoint Named a Red Herring 100 Global Award Winner

Smart Grid Pioneer Chosen as One of the Top Tech Start-ups in the World

WASHINGTON − Dec. 7, 2007 − GridPoint, Inc., a leading clean tech company whose smart grid platform aligns the interests of electric utilities, consumers and the environment, announced today that it has been selected as a winner of the Red Herring 100 Global Award.

Red Herring 100 winners and finalists from North America, Europe and Asia of the last three years were eligible for this award. The Red Herring editorial team used a very competitive process to whittle down this pool of 1800 eligible promising companies to the 100 winners of this first-time award. Evaluations were made on both quantitative and qualitative criteria such as financial performance, innovation, management, global strategy, and ecosystem integration.

“We are pleased to be named among this innovative group of global companies delivering value in many sectors,” said Peter L. Corsell, President and CEO of GridPoint. “This is an exciting time in the energy industry, where GridPoint is working to transform the electric grid into more intelligent and efficient delivery network.”

GridPoint’s innovative smart grid platform applies information technology to the electric grid to provide utilities with an intelligent network of distributed resources (e.g., advanced load control devices, batteries, solar systems) that reside at the home or business. Additionally, the platform’s modular, scaleable and upgradeable architecture enables utilities to integrate new clean energy technologies (e.g., plug-in hybrid electric vehicles and fuel cells).

During peak demand periods, the platform enables utilities to efficiently balance supply and demand by discharging stored energy or reducing loads with minimal impact on customers (i.e., controlling temperature versus shutting down air conditioners). The intelligent network serves as a virtual peaking power plant, enabling utilities to avoid the regulatory, environmental and “time-to-build” hurdles associated with building traditional power plants while fueling the mass adoption of renewable energy, reducing carbon emissions and conserving fuel, capital and land resources.

The winning companies were announced and celebrated at the Red Herring Global event in Seattle, WA, on December 3-5.

GridPoint has received recent recognition including being selected as a World Economic Forum Technology Pioneer 2008. The company was also named overall winner by AlwaysOn GoingGreen 100 Top Private Companies for 2007 and winner of the 2007 North American Frost & Sullivan Award for Green Excellence in recognition of its success in pioneering a way to harness load management and distributed generation to achieve environmental sustainability.

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

About Red Herring

Red Herring is a global media company uniting the world’s best high technology innovators, venture investors and business decision makers in a variety of forums: a leading innovation magazine; an online daily technology news service; technology research, and major events for technology leaders around the globe. Red Herring provides an insider’s access to the global innovation economy, featuring unparalleled insights on the emerging technologies driving the economy. For more information, visit www.redherring.com.

Contacts:

Red Herring:
Jordy Brazier, Senior Manager
Tel: + 1 650 585 3524
Email: jbrazier@redherring.com

Media Contact Information and Accreditation:
Xenia Von Wedel
Terpin Communication Inc. for Red Herring
Tel: + 1 310 821 6100
Email: xenia@terpin.com

GridPoint
Suzanne Lauer
703.862.3137
slauer@gridpoint.com