Burger King Franchisee Deploys GridPoint EMS Across Entire Fleet

The Challenge

In a quick serve restaurants, there are dozens of energy consuming assets that are critical to the successful operation of the business including HVAC units, kitchen equipment, indoor and outdoor lights. These assets are often required to run throughout the day in order to maintain normal operations and ensure customer comfort, but with a comprehensive energy management system (EMS) in place there are numerous opportunities for savings. As an energy conscious quick serve restaurant, TOMS King deployed GridPoint’s EMS at six initial Burger King restaurants in April 2013. The restaurant operator identified savings opportunities through increased visibility into energy consumption, detailed analysis of trends and issues, and more intelligent control over HVAC and lighting using GridPoint’s EMS. Once GridPoint’s solution proved successful, TOMS King extended it to their entire restaurant portfolio including their many recently-remodeled restaurants in Illinois, Ohio, and Pennsylvania.

Solution

For the initial sites, GridPoint implemented HVAC and lighting controls, installed extensive asset-level submetering and monitored several pieces of equipment as detailed in Figure 1. TOMS King also gained access to GridPoint’s cloud-based software platform, GridPoint Energy Manager, which aggregates and visualizes data collected at each site. Additionally, TOMS King subscribed to GridPoint’s Energy Advisory and Control Support Services to get the most value out of that EMS data while optimizing their fleet of Burger King restaurants.

The Results

TOMS King’s energy savings were driven by several operational improvements including more aggressive, but comfortable HVAC setpoints along with practical temporary adjustment allowances, intelligent morning HVAC recovery and overnight setback, and greater insight into equipment issues with advanced reports and alarms customized for TOMS King restaurants. TOMS King instituted a consistent heating and cooling policy to ensure comfort for guests and more than 2,000 team members. GridPoint recommended a gradual implementation plan, which reduced any perception of abrupt change and allowed for identification of limited exceptions to accommodate unique situations related to building orientation, mechanical system idiosyncrasies, and seasonal variance. For both HVAC and lighting, the GridPoint solution put an end to unnecessary cooling and lighting usage during unoccupied hours. GridPoint also worked with TOMS King to develop a formal process for all heating, cooling and lighting adjustments across their fleet of Burger King restaurants. The GridPoint mobile and desktop applications provide visibility to TOMS King’s Directors of Operations and District Managers along with 24-hour call center support to ensure the energy management program continues to deliver restaurant comfort, operational visibility and energy savings. These tools and policies provide the foundation for continuous commissioning of the facilities and avoids drift away from the goals of the energy management program. In addition, TOMS King lowers energy costs by reduction of consumption and demand peaks using GridPoint’s advanced control strategies. Specifically, HVAC Setback/Recovery and Load Curtailment algorithms, as pictured in Figure 2 below, allow equipment to intelligently approach occupied and unoccupied periods based on automated learning and tolerances established for the program.


VF Outlet Achieved 25% Savings

VF Outlet Achieves over 25% Savings with GridPoint’s Energy Management Solution


BUSINESS SITUATION

VF Corporation, the $12 billion apparel, and footwear giant has long been dedicated to minimizing its carbon footprint and environmental impact. In 2012, the company established corporate-wide energy reduction and sustainability goals across its multiple brands and subsidiaries. Responding to the corporate initiative, VF Outlet sought an energy solution to enhance facility maintenance operations, combat rising energy costs and continually drive energy savings year over year. After considering several options, VF Outlet identified GridPoint’s Energy Management Solution (EMS) as the most comprehensive approach to fulfill their needs. The GridPoint system was installed shortly thereafter at 4 pilot locations.

Noticing immediate results, GridPoint’s EMS was extended to an additional 21 stores over the following 2 years. During that period, VF Outlet’s savings across the fleet averaged over 25%, with individual locations capturing nearly 30% in energy savings. Overall, the entire fleet vastly outperformed expectations, realizing better than a 20 month payback period.

SOLUTION

GridPoint’s solution for VF Outlet utilizes submetering and monitoring devices to collect real-time, granular energy data at the asset-level while additionally implementing HVAC and lighting controls. GridPoint’s cloud-based software platform, GridPoint Energy Manager, then aggregates that data and applies big data analytics to provide valuable tools such as alarms, equipment and site diagnostics, sustainability management, project financial metrics tracking and more. Energy Advisory Services (EAS) and Control Support Services (CSS) complete the solution facilitating energy-saving projects and offering 24/7 site support.

RESULTS

By installing GridPoint’s comprehensive EMS at their sites, VF Outlet gained access to real-time, granular data. This data has empowered them to set corporate policies designed to increase energy savings and avoid peak kW utility charges, diagnose malfunctioning equipment, verify equipment maintenance repairs and predict when costly equipment will need to be replaced. By aggressively regulating facility controls and maintenance operations, the company has taken strides to support corporate sustainability efforts and lessen their carbon footprint while benefiting from over 25% energy savings across sites. Beyond these core savings, the sophisticated approach taken to reduce energy spend by the EAS team has identified an additional wealth of savings opportunities and will continue to uncover more opportunities in the future.


The Source Saw 18% Savings Within One Month

Canada’s largest tech retailer reduces energy spend by 18% and realizes one month ROI with zero downtime with GridPoint.


CHALLENGES

There are many challenges facing the retail industry today; the success of the digital marketplace, rising customer expectations, increased costs, and shifts in customer behavior. Like many other companies, The Source was challenged to improve both operational efficiencies and customer experience. With rising utility rates and hundreds of locations across Canada, there were significant increases in utility costs over the past few years. Finding an IoT solution that could help save energy costs became a priority. The Source needed a solution that would provide real-time control and insight into energy usage in order to maximize savings. Plus, it had to be scalable, allowing multiple locations to be controlled remotely. Lastly, it needed to be installed with minimal disruption to customers and staff.

SOLUTION

The Source piloted GridPoint’s Energy Management platform at two locations for three months at the recommendation of GridPoint partner, Bell Canada. The solution is a comprehensive cloud-based suite of hardware, software and services. It provides a single point of control to monitor and manage energy-consuming assets, such as HVAC and lighting systems, ensuring operational consistency and predictable energy spend.

The Source started realizing the benefits of the solution immediately. The cloud platform provided a single point of control to monitor and manage HVAC systems in all stores. Pre-defined and pre-scheduled store temperatures ensured a consistently comfortable environment for customers and staff, and took the responsibility off of store managers. Analytics monitored for anomalies in HVAC performance, and triggered notifications if issues were detected. The Source could then schedule proactive maintenance to help avoid costly future repairs or uncomfortable outages, if necessary. Being able to do all of this and more from one centralized platform simplified operations and helped keep track of historical data to better plan for the future.

RESULTS

The pilot was very successful. It only took one month for The Source to see a return on investment, and within three months energy costs were reduced by 18%. But energy savings were just one of the overall benefits. The combination of granular data collection, advanced analytics and intelligent controls enabled continuously improving energy savings, increased facility efficiency and enabled more informed capital planning. Plus, with automated temperature control, there’s one less thing for busy store managers to worry about.

As a result of the pilot’s great success, The Source has started rolling out the solution to 50 more stores across Canada this year. The Source will continue to partner with Bell on future solutions that will help them become more efficient while enhancing customer experience.


Wendy’s Largest Franchise, Meritage Hospitality Group, Deploys GridPoint’s Smart Building Platform

GridPoint rolls out its technology Enterprise-wide to 345 Wendy’s locations to reduce energy use and support sustainability goals

December 17, 2021–RESTON, Va.–(BUSINESS WIRE)–GridPoint, a leader in energy and sustainability solutions, today announced the deployment of its technology platform across 345 restaurant locations for one of the largest Wendy’s franchise entities, Meritage Hospitality Group.

“Energy-conscious businesses, like Meritage Hospitality Group, are key to establishing energy security today and a more sustainable future.”

GridPoint’s work with Meritage Hospitality Group began in February 2021 with a five-site pilot and a goal to reduce energy use by a minimum of 10% and provide detailed reporting and analytics on energy and equipment operations. The pilot was successful, with one site in Florida achieving 23% energy savings. GridPoint will continue to expand across the remaining 340 locations over the first quarter of 2022.

“During our pilot with GridPoint our locations saw an immediate reduction of energy consumption and we discovered a correctable equipment issue causing excess, avoidable energy costs,” said Greg Corr, Executive Vice President at Meritage Hospitality Group. “They helped us optimize HVAC run-times and electrical demand to make our restaurants more efficient while also ensuring comfort for our customers and employees. Ultimately our partnership with GridPoint results in lower energy and operational costs, more resilient buildings, and more sustainable franchise to support continued growth of the Wendy’s brand.”

GridPoint’s innovative technology platform delivers energy efficiency and resiliency to both businesses and the power grid. The smart building solution provides visibility into where and how energy is being used as well as where other operational inefficiencies and potential savings can be found. Powered by deep data and powerful analytics at the building-level, GridPoint’s platform enables customers to automate and control assets at their sites, making energy and building optimization simple. GridPoint provides additional revenue-generating opportunities by empowering customers to participate in grid-stability by making their sites grid-interactive. Collectively, small energy reductions across commercial buildings can be aggregated and leveraged as an energy resource to support utilities on-demand and ease the energy supply and demand challenges of today.

GridPoint’s technology is installed across many other Wendy’s franchise and corporate locations and GridPoint has been recognized as a key partner of Wendy’s global brand in its first Sustainability Report, published in 2020.

“We are thrilled to add Meritage Hospitality Group to our Wendy’s portfolio,” says Mark Danzenbaker, CEO at GridPoint. “Energy-conscious businesses, like Meritage Hospitality Group, are key to establishing energy security today and a more sustainable future.”

About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. By transforming the way commercial businesses use energy through hardware and AI software, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s network includes Fortune 500 enterprises, utilities, government organizations and industrial complexes.

About Meritage Hospitality Group

Meritage Hospitality Group (OTCQX:MHGU) is one of the nation’s premier restaurant operators, currently with 345 restaurants in operation located in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas and Virginia. Meritage is headquartered in Grand Rapids, Michigan, operating with a workforce of approximately 11,000 employees. Meritage is comprised of 6 concepts – Wendy’s, Morning Belle, Stan’s Tacos, Twisted Rooster and Freighters Eatery & Taproom. Each concept delivers a distinctive dining experience for its guests, a work environment with opportunity for its team members and optimum results for its shareholders. The Company’s public filings can be viewed at www.otcmarkets.com, under the stock symbol MHGU, or the Company’s website www.meritagehospitality.com.

Contacts

Katie O’Shea, GridPoint
katie.oshea@gridpoint.com


GridPoint Announces ~200% Annual Increase in Capacity Under Management for 2021 Summer Demand Response Season

With demand response commitments from small businesses and national commercial chains, like Walgreens, GridPoint proves scalability and value in leveraging small-to-medium commercial buildings as grid resources

Reston, VA – November 16, 2021 – Intelligent energy network provider GridPoint today announced the company has seen substantial growth of customer participation in automated demand response (DR) programs during the 2021 peak demand season, equaling a 192% increase in capacity under management over 2020. By engaging small business and enterprise commercial customers, like Walgreens, with buildings under 50,000 sq. ft., GridPoint proves these underutilized building profiles can be leveraged today as a resource to provide the reliable, on-demand capacity the grid increasingly requires.

GridPoint has been providing flexible capacity to the grid from commercial buildings for over 15 years. These programs create new revenue streams for businesses through utility program participation and avoid costly peak energy charges during high-demand times. However, businesses that occupy these smaller-profile buildings are often overlooked by utilities due to the limited load they can provide at a given time. GridPoint’s approach enables small business and enterprise commercial market participation in DR programs through grid-interactive, OpenADR-certified technology deployed as a subscription, without impacting daily operations. By breaking down technology cost barriers and providing efficiency benefits directly to the business, GridPoint bridges the gap between utilities and millions of small-to-medium size buildings across the country that hold untapped capacity. These buildings, networked together, unlock the substantial capacity needed today for a more efficient tomorrow.

Recent trends of electrification, the transition towards renewables, and extreme weather as seen in California and Texas can be attributed to the increased participation GridPoint saw in the 2021 DR season. Businesses are realizing the real-world impacts of power disruption and rising energy costs, and they want to be a part of the solution.

Walgreens, for example, has been leveraging GridPoint’s platform to manage energy and optimize its buildings since 2009. Together with GridPoint they have reduced emissions by over 80 million kWh annually. Walgreens also participates in demand response through GridPoint while keeping essential zones, like the pharmacy, functioning normally during events. Throughout the California grid emergency in August of 2020, Walgreens was instrumental in voluntarily curtailing load across impacted locations, providing megawatts of capacity back to the grid. The company’s contributions helped to stabilize energy demand and avoid additional blackouts. Learn more about Walgreens’ demand response participation in this video.

“In 2021 GridPoint increased our nationwide DR program coverage by 46%, increased our capacity under management by 192%, and increased our customer participation in DR programs by 195% with zero opt-outs for the entire 2021 program year,” said GridPoint CEO Mark Danzenbaker. “This dramatic growth proves that leveraging the underutilized capacity of smaller buildings is a scalable, reliable solution to address urgent energy needs, and GridPoint can do this today.”

Reach out to GridPoint directly to learn more about their demand response solutions for summer seasons and beyond.


Related Post: How Businesses are Leveraging Demand Response to Help Create Energy Resilient Communities and How Walgreens is Paving the Way


About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. By transforming the way commercial businesses use energy through hardware and AI software, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s network includes Fortune 500 enterprises, utilities, government organizations, and industrial complexes.


The Power of Connected Buildings: Changing the Way We Manage Energy Usage

 


The Internet of Things (IoT) is no longer comprised of only devices, sensors, and smart grids deployed and operating in siloed environments. Thanks to advancements in the connectivity that underpins these systems, we can now seamlessly interlink new devices and integrate new operations with existing structures. For example, business owners can automate and control their HVAC, lighting, and heating systems to reach efficiency and sustainability goals.

Buildings account for over 70% of U.S. electricity usage. The Department of Energy (DOE) projects cost savings of between $100 billion and $200 billion in the electric power-systems segment via grid-interactive efficient buildings. Energy usage has traditionally been a linear purchase of power over the grid based on a building’s energy requirements. These requirements are influenced by machines, systems, and occupants of the building. When smart controls, building assets, and the grid are connected via smart devices, we can aggregate demand, measure usage patterns across sites, and leverage investments in distributed energy sources and storage to improve efficiency, lower costs, and operate more sustainably.

The Power of Connected Buildings 

Grid-interactive connected buildings are bringing about rapid changes in the utility sector. Thanks to their ability to gather and transmit real-time data from assets, devices, and users, utilities can now make informed capacity decisions and devise incentive schemes to encourage more sustainable consumption by downstream power users.

Connected buildings receive near real-time signals on demand conditions, available power, and pricing from energy providers. This data is further supplemented by the interconnection of multiple sites that share resources. Overall, the effect is that managing energy usage is no longer a one-way relationship between utility companies and users, and consumers can even retail excess power back to the grid. These changing dynamics can have significant bottom-line impacts on grid-connected buildings. Utilities can leverage the data in innovative ways to address bottlenecks and power outages and business owners can plan preventive maintenance.

Sustainability programs have long championed the use of renewable energy sources and battery storage for excess power and many other innovative solutions for lowering the carbon footprint and grid demand from buildings and users. GridPoint’s Distributed Energy Resource Management System (DERMS) can be used to coordinate your energy investments and needs. By incorporating demand flexibility (when grid-integrated connected buildings receive asset-level signals to optimize energy usage) with demand response (the ability of the grid to plan for and efficiently meet the power needs of consumers), smart energy systems can bring about a revolution in commercial energy generation and consumption.

For example, a building with a solar panel array, combined with onsite battery storage, can switch to stored energy during peak pricing hours and switch to the grid when rates fall or stored energy is depleted. Such systems simultaneously add capacity to the grid while lowering demand from it. These gains from the smart grid network of connected buildings will grow as more and more buildings come online. The savings from this trend are immense, to the point that the DoE intends to triple the energy efficiency and demand response flexibility of residential and commercial buildings by 2030.

Smart Buildings and Patterns

So far, we have looked at the core infrastructure-level benefits of connected buildings. By communicating near real-time on energy needs, available capacity, and storage capabilities, buildings can more efficiently and more effectively manage their energy usage. However, this is not the only place we see innovation.

For instance, in a commercial context, energy consumption is primarily a function of activity in a building, which is driven by the people, processes, and machines or technology used to produce goods and services. These factors are the first part of the efficient and effective usage of the energy equation. The second part of the equation is the result of data-driven platforms that gather and then use granular, asset-level data to provide insight into usage patterns and combine these insights with data from other smart systems in our buildings to determine the optimal way to use, manage, maintain, and switch on or off different devices or systems under our control.

With these profound insights, we can change the way we manage energy by influencing how we consume it in the first place. For example, usage patterns can be used to optimize temperature settings in different locations in a building, office space usage can be altered to consume less energy, and light dimming of LEDs can be preprogrammed to minimize waste and operate only when needed.

Future Smart Buildings

Multi-functionality in space, resilience in energy design, and the use of innovative energy storage and generation mechanisms will play important roles in guiding the creation of intelligent grid-connected buildings of the future. How a given structure will be used will change with expectations and needs, and two questions that should be considered are:

  1. The immediate and near-future use of the building.
  2. How building design can enhance comfort and function.

The early design phase sets the stage for a connected building that is not just efficient in terms of energy consumption but allows for a completely new energy profile to emerge because of its innovative design. This means utilizing smart technology, asset-level monitoring, design, AI-driven insights, and smart technology-enabled spaces to offer transactional energy benefits while creating a productive space. Smart solutions such as GridPoint’s Energy Manager bring these operations together to help energy providers, business owners, and operators streamline processes, optimize energy generation and consumption, and improve efficiency and sustainability.


GridPoint Selected as 2021 Cleanie Awards Finalist

Recognized in the Project of the Year Judges’ Choice category for work during the California rolling blackouts in 2020

Reston, VA, November XY, 2021 — Intelligent energy network provider GridPoint today announced that it has been recognized as a finalist in the 2021 Cleanie Awards, the leading awards program focused on honoring individuals, companies, and innovations in the cleantech industry. GridPoint is nominated in the Project of the Year Judges’ Choice category for providing emergency capacity to the grid during California’s rolling blackouts in 2020, helping to keep power on.

Between August 14th – 21st 2020, California experienced emergency weather and grid conditions resulting in rolling blackouts across the state. GridPoint leveraged its network of buildings in impacted regions to voluntarily and instantaneously provide emergency capacity back to the grid through demand response, helping to stabilize energy demand and prevent further catastrophic blackouts. Within minutes of CAISO calling the statewide Flex Alert, GridPoint’s automated platform dispatched multiple curtailments across all participating small and medium sized buildings, providing needed system relief to impacted utility territories in California.

In addition to responding to both CAISO and utility signals throughout the crises, a subsection of GridPoint’s fleet of customer sites went above and beyond to voluntarily provide additional capacity back to the California grid in amounts greater than their predetermined load shed strategies. These risk-adjusted strategies permitted normal business operations to continue for GridPoint customers, many of which considered essential services, while collectively adding megawatts of capacity to the grid. While GridPoint works with thousands of customers to make demand response simple, there are still millions of inefficient, small-to-medium sized buildings underutilized today. This example proves that with grid-interactive technology deployed at-scale, these buildings can be leveraged as an energy resource to provide the reliable, on-demand capacity the grid increasingly requires.

The Cleanie Awards is entering the fourth year of its program and saw a triple digit increase in submissions over the past year. Judges include respected industry executives, marketers, advocates, entrepreneurs, and educators. The Project of the Year Judges’ Choice award recognizes company projects that add tremendous community value including local economic, environmental, or carbon offset impact. In addition to GridPoint, finalists include Ameresco, Enel X, Fluence and other industry leaders.

“We are honored to be a finalist for the 2021 Cleanie Awards,” said GridPoint CEO Mark Danzenbaker. “We are proud of our work supporting businesses and the grid during the 2020 California blackouts and will continue to help buildings transform the way they use energy in order to create a more sustainable future.”

Cleanie Award winners will be announced during a live webinar on November 16th, 2021 at 1:00 pm EST. The registration link for the webinar can be found at https://bit.ly/3BjtQ8d.

 

About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable future by creating an intelligent energy network of grid-interactive buildings. By transforming the way commercial businesses use energy, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. Our technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, GridPoint intelligent buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s growing network of commercial buildings spans across Fortune 500 enterprises, utilities, government organizations, and small businesses.


S&P Global Platts Global Energy Awards Energy Transition Leader

Intelligent energy network provider GridPoint recognized in Grid Edge category for unlocking grid resiliency and accelerating the energy transition

September 30, 2021 08:00 AM Eastern Daylight Time

RESTON, Va.–(BUSINESS WIRE)–GridPoint, a leader in energy management and grid sustainability, has been named a finalist in the 23rd annual S&P Global Platts Global Energy Awards. GridPoint’s intelligent energy network of grid-interactive buildings was recognized in the Grid Edge category for changing the way businesses use energy to increase grid resiliency and accelerate the transition to a clean energy future.

GridPoint’s gigawatt-scale network of grid-interactive buildings increases energy efficiency and integrates distributed energy resources, like EV charging, to support sustainability targets. GridPoint’s solutions allow energy suppliers, utilities and grid operators to access additional energy capacity and increase grid reliability.

“Since its founding in 2003, GridPoint’s intelligent energy network has grown substantially, currently spanning across 15,000 locations and counting. This recognition from such an esteemed organization highlights the impact of the GridPoint solution and inspires us to continue to harness the underutilized power potential within small and mid-sized buildings, turning them into instantaneous capacity for utilities and grid operators,” said GridPoint CEO Mark Danzenbaker.

The Grid Edge category of the S&P Global Platts Global Energy Awards recognizes innovative energy solutions advancing and optimizing the electric grid. An independent panel of esteemed judges will select the winner and select ‘Energy Company of the Year’ from the list of finalists.

“This year’s complement of 196 finalists truly indicates the outstanding innovation and supreme leadership occurring in so many sectors across our industries. Companies are tackling critical issues such as emissions control, digitization, investment to improve the quality of life, and so much more. We are proud to honor these individuals and companies on their achievements,” said Jenny Salinas, Vice President of Marketing at S&P Global Platts.

Winners will be announced at the S&P Global Platts Global Energy Awards black-tie gala on December 9th in New York City. To view the complete list of Award categories and finalists, as well as more information on the Awards and upcoming ceremony, visit the website: www.globalenergyawards.com.

About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable future by creating an intelligent energy network of grid-interactive buildings. By transforming the way commercial businesses use energy, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. Our technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, GridPoint intelligent buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s growing network of commercial buildings spans across Fortune 500 enterprises, utilities, government organizations, and small businesses.

About S&P Global Platts

At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing, and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture, and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments, and individuals to make decisions with confidence. For more information, visit http://spglobal.com/platts.


GridPoint and Leap Announce Partnership to Bolster Grid Resiliency and Flexibility

Distributed energy industry leaders join forces to deliver value to the grid and businesses

Reston, VA and San Francisco, CA — September 23, 2021 — Intelligent energy network provider GridPoint today announced its partnership with Leap, an energy marketplace provider, with the two companies collaborating on the development of virtual power plants (VPPs) to provide flexible electricity capacity and energy efficiency savings in times of peak demand and when grid emergencies occur, enabling a more resilient and reliable energy grid.

According to the Washington Post, nearly one in three Americans experienced a weather disaster this summer. As extreme weather events add stress to aging energy infrastructure, Americans are becoming increasingly vulnerable to widespread, multi-day power outages. To improve grid resiliency and reliability, underutilized energy capacity assets, including small to midsize buildings with smart grid-connected technologies, can respond to real-time energy price, demand, supply, or public safety signals to provide immediate capacity and enable automatic load reductions.

GridPoint’s hardware-enabled subscription automates energy and operational efficiency for businesses in accordance with real-time electricity supply and costs, and provides utilities and grid operators with on-demand flexibility. By partnering with Leap, GridPoint and its customers can now capture the full value of automated energy consumption reductions, linking any grid-connected load to global energy markets with Leap’s simple API. Together, GridPoint and Leap are enabling asset owners to contribute to grid resiliency efforts and receive the best value for their reduced loads in a simple, flexible manner. The two companies will continue to grow their networks of grid-interactive buildings and smart technologies to maximize the application of their combined on-demand flexible capacity, all the while creating new revenue streams for partners and customers by supporting Demand Response (DR) program participation.

“GridPoint’s mission is to enable the world’s transition to an efficient and sustainable future through smart, grid-connected buildings. As extreme weather events become more frequent and more disastrous as a result of climate change, we are excited to have Leap join us in this mission. Our team at GridPoint has already seen success in helping to mitigate blackouts during California’s deadly 2020 fire season by providing instantaneous, voluntary capacity to the state’s power grid during the emergency in August through our Open Automated DR certified technology. We look forward to expanding our impact as a result of this partnership,” said GridPoint CEO Mark Danzenbaker.

“At Leap, we are democratizing access to wholesale energy markets for both our partners and their end customers. We enable VPPs in place of massive and expensive infrastructure build outs, aggregating the value of existing smart technologies so that they can become more valuable to their owners and to the grid today. By forming partnerships with innovative, grid-edge companies like GridPoint, we’re empowering asset owners to combat the causes and effects of climate change, while also maximizing their financial benefits,” said Jason Michaels, Chief Commercial Officer at Leap.

About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. By transforming the way commercial businesses use energy through hardware and AI software, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s network includes Fortune 500 enterprises, utilities, government organizations and industrial complexes.

About Leap

Leap is the leading global platform for integrating flexible energy resources into global electricity markets. Leap supplies the grid with zero carbon, price competitive alternatives to fossil-fueled power plants by creating virtual power plants (VPPs) from its partners’ batteries, electric vehicles, smart thermostats, HVAC systems and industrial facilities. Leap performs all the heavy lifting to operate and stay compliant across wholesale energy markets, enabling partners to unlock hidden revenue, increase customer engagement, and achieve sustainability goals. Leap is a privately held company with offices in San Francisco and the Netherlands.

Original: https://www.businesswire.com/news/home/20210923005102/en/GridPoint-and-Leap-Announce-Partnership-to-Bolster-Grid-Resiliency-and-Flexibility


GridPoint Launches Grid-Interactive Electric Vehicle Charging Solution for Small and Mid-Sized Commercial Buildings

Smart charging system accounts for whole building data and end-user requirements to maximize customer savings and lower peak demand

Reston, VA — August 31, 2021 —  Intelligent energy network provider GridPoint today announced the launch of its new building-centric electric vehicle (EV) charging solution. GridPoint takes a whole building approach to managing customers’ peak demand charges by analyzing and managing load across several controllable, grid-interactive assets from a single platform, including HVAC, lighting and now EV chargers. Customers can also enroll EV chargers and other eligible building loads into automated demand response (Auto-DR) programs, which deliver additional savings and support a cleaner, more reliable grid.

As the climate crisis worsens and the economy shifts from fossil fuels to cleaner distributed energy resources, buildings across the country—from car dealers to chain restaurants to grocery stores—are installing on-site EV chargers. However, they do not necessarily have visibility into how those installations will impact their energy expenses.

GridPoint’s technology platform ensures that EV chargers and other assets are operating as efficiently and cost-effectively as possible. Smart control and scheduling systems identify and allow customers to adjust charging based on times of peak demand while supporting grid program participation, such as revenue generating Auto-DR. The new EV solution also monitors real-time consumption and provides insights on building usage trends over time. It is technology agnostic and can submeter and control any charging system.

The commercial building benefits of the EV charging solution also translate to better outcomes for the grid. A more distributed energy system means the supply and demand curve on the grid is also changing. Utilities and grid operators are seeking visibility into energy use changes, as well as the ability to cohesively manage more assets. Increasing on-site efficiency and having additional resources like EV chargers to call on for demand response events allows for more reliability and flexibility.

“EV charging is becoming an increasingly common feature in commercial buildings across the country with new infrastructure investments, shifting policies and growing consumer demand. We’re helping small and mid-sized commercial sites understand and control their EV charging stations and other on-site energy resources using one integrated system. Our smart charging, building-centric approach ensures that an entire building is working as a unit in order to optimize savings and reduce demand on the grid. These types of grid-interactive assets are critical to a clean and reliable energy system,” said GridPoint CEO Mark Danzenbaker.

You can reach out to GridPoint directly to learn more about the new EV charging solution.

About GridPoint

GridPoint’s mission is to accelerate the world’s transition to a sustainable energy future by creating a network of grid-interactive buildings. By transforming the way commercial businesses use energy through hardware and AI software, GridPoint unlocks the decarbonization, sustainability, and grid resiliency required for a cleaner, more efficient tomorrow. The technology platform harnesses power and potential within a building to deliver energy, operational, and resiliency benefits. Networked together, these buildings provide reliable, precise, and instantaneous capacity for utilities and grid operators. GridPoint’s network includes Fortune 500 enterprises, utilities, government organizations and industrial complexes.