GridPoint and Electracom Projects Form Channel Partnership in the United Kingdom

Building management systems firm enhances portfolio with GridPoint’s energy management solutions

 

Arlington, VA – April 28, 2014 – GridPoint, an innovator in comprehensive, data-driven energy management systems (EMS) that enable customers to optimize energy savings, facility efficiency and sustainability agendas, is pleased to announce Electracom Projects, a building management systems (BMS) specialist based in the United Kingdom, as an international extension of GridPoint’s channel partner program. Electracom’s installation and BMS combined with GridPoint’s submetering and monitoring technology allows UK enterprises to enhance energy conscious behaviour through innovative sensoring, cloud-based big data analytics and intelligent control.

 

New regulations and rising energy costs prompt adoption of submetering technology
Electracom and GridPoint’s strategic partnership opens new opportunities for both companies to provide effective energy and sustainability management for enterprises as the United Kingdom prepares for the implementation of the EU Energy Efficiency Directive in 2015, which will require a programme of regular energy audits.
“With costs of energy steadily rising in the United Kingdom and the impending changes in government regulations within the energy industry fast approaching, Electracom surveyed the market and saw a need to employ next-generation energy management solutions to help businesses gain control through submetering, monitoring and cloud-based big data analytics,” says director Kerry Overman of Electracom. “GridPoint’s vision is to deliver Internet of Things technology specific to energy; transforming how commercial, government and educational enterprises reduce energy expenses and carbon emissions, which they have successfully proven with their impressive customer base.”

 

Energy management solutions bring data-driven visibility to usage
Todd M. Raba, president and CEO of GridPoint, says of the partnership, “GridPoint is excited to further our business in the United Kingdom with the assistance of Electracom. Their extensive energy industry experience and installation skills position us to assist UK enterprises as they adapt to new energy regulations and manage escalating energy prices.”
The GridPoint solution submeters individual energy-consuming assets and monitors environmental conditions, sends the data to a cloud-based platform and provides real-time visibility, big data analytic capabilities and dynamic control over energy usage, carbon emissions and critical facility performance. Electracom’s expertise in BMS, automatic controls and electrical installation helps bring these innovative solutions to United Kingdom businesses and government agencies aiming to save money, reduce carbon, enhance customer comfort and achieve sustainability goals.

 

GridPoint’s savings demonstrated in North American retailers

GridPoint solutions have delivered proven results through the combination of data-driven, real-time, asset-level submetering with Software-as-a-Service (SaaS) analytics. With GridPoint’s submetering devices in place, a big box retailer identified 249 issues across 1,100 stores, including unnecessary energy expenses, malfunctioning HVAC and lighting systems and freezer and cooler inventory losses. Additionally, a convenience store operator saves 22% annually per site in energy and capital expenses by monitoring HVAC performance and detecting malfunctions before damaging outages occur.

About Electracom Projects
Electracom Projects has been trading since 2003 and was incorporated in 2008 to form Electracom Projects (UK) Ltd. Initially a provider of electrical installation works to a number of the UK’s premier and blue chip companies Electracom specialises in power, control and data cabling systems. In 2011, the company expanded its capabilities to provide a specialist service for Building Management Systems (BMS).
Electracom works closely with technology and business organisations to create control capabilities that not only meet today’s needs to reduce cost, but also addresses tomorrow’s needs for enhanced business and operational capabilities enabled by converged networks.

For further information contact:
Kerry Overman
Kerry.Overman@electracomprojects.com
07900 253762

 

About GridPoint
GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint’s integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services can generate energy savings up to 30% and an 18-36 month payback.

GridPoint solutions are deployed at over 12,000 sites with over 64 billion customer data points collected to date, and 100 million added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. To learn more, visit GridPoint.com, and keep up with the latest GridPoint news via LinkedIn linkedin.com/company/gridpoint and Twitter@gridpoint.
Media Contact:
Sarah Trainor
media@gridpoint.com
+1 (703) 667-7173


GridPoint Identified as a Prominent Energy Management Software Provider by Independent Analyst Firm

Green Quadrant Energy Management Software Report Highlights GridPoint in the Entrepreneurs Quadrant

 

Arlington, VA – April 8, 2014 – GridPoint, an innovator in comprehensive, data-driven energy management systems (EMS) that enable customers to optimize energy savings, facility efficiency and sustainability efforts, today announced that its energy management data analytics platform, GridPoint Energy Manager, has once again been named among the top 14 energy management software applications globally in the Green Quadrant Energy Management Software report by Verdantix, an independent analyst firm. More than 80 energy management software platforms were reviewed before the firm made its final selection. Based on the proprietary Verdantix Green Quadrant methodology, the analysis combines benchmark data from live product demonstrations, responses to a 130 point questionnaire and interviews with an independent panel of 15 customers representing firms with revenues of $348 billion.In the report, Verdantix placed GridPoint in the Entrepreneurs Quadrant with best-in-class capabilities for demand response and asset-level submetering, which contributed to GridPoint receiving the second highest score overall for its energy asset management. GridPoint also received the second highest score overall in project and portfolio management with Verdantix citing its dashboards for target setting and tracking that let users incorporate submetering data for continuous measurement of initiative performance against established targets and baselines. In the Entrepreneurs Quadrant specifically, GridPoint scored the highest of any firm on energy monitoring and targeting.

“Verdantix placed GridPoint among the top 14 for its energy asset management functionality and impressive demand response capabilities,” said Verdantix Industry Analyst, Alisdair McDougall, author of the report. “Retailers whose financial success depends on effectively managing energy while still accounting for the complexity of retail building operations would be wise to keep GridPoint on their shortlist of suppliers.”

Verdantix also highlighted GridPoint’s growing prospective buyers, including organizations with large building footprints as well as retailers, grocers and restaurants. GridPoint’s energy management solution is founded on Internet of Things technologies, including asset-level submetering, environmental monitoring and cloud-based big data analytics, which enable customers with varying energy footprints to achieve greater energy savings, carbon reduction, facility efficiency and capital utilization.

“We are honored to again be recognized as a leader with momentum in an independent, detailed and thorough analysis by one of the industry’s top experts,” said GridPoint president and CEO Todd M. Raba. “This recognition by Verdantix, and other esteemed analysts, is a consistent trend for us and validates our innovative approach in the marketplace.”

About GridPoint
GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint’s integrated energy management portfolio can generate energy savings up to 30% and an 18-36-month payback.

GridPoint solutions are deployed at more than 12,000 sites with over 64 billion customer data points collected to date, and 100 million added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. To learn more, visit GridPoint.com, and keep up with the latest GridPoint news via LinkedIn linkedin.com/company/gridpoint and Twitter @gridpoint.

Media Contact: Sarah Trainor
media@gridpoint.com
(703) 667-7173


GridPoint Named One of “20 Most Promising Enterprise Software Companies” by CIOReview

Publication recognizes GridPoint’s energy management systems and cloud-based software solutions

Arlington, VA – March 25, 2014 – GridPoint, an innovator in comprehensive, data-driven energy management systems (EMS) that enable customers to optimize energy savings, facility efficiency and sustainability efforts, today announced that it was named one of CIOReview’s “20 Most Promising Enterprise Software Companies.” The report highlights industry leaders in a variety of software fields that are poised for rapid growth and aims to assist chief information officers in evaluating solutions that best suit the needs of their businesses.

President and CEO Todd M. Raba commented on the award saying, “GridPoint is honored to once again be recognized as a leader in enterprise energy management solutions. Our asset-level submetering, environmental monitoring and intelligent controllers leverage Internet of Things technology—from big data to cloud-based analytics—and allow us to help companies and organizations cut down energy usage, costs and carbon emissions.”

When it comes to managing energy, businesses and organizations face several problems: Costs of energy are rising and volatile, pricing is complex, government regulation is steadily increasing and there is a lack of granular equipment-level energy consumption data, which is necessary to help enterprises determine how energy is used and make intelligent decisions to reduce consumption. According to the United States Department of Energy and ENERGY STAR, there are five million commercial buildings and industrial facilities that account for 61% of U.S. electricity consumption and $202 billion in total energy costs each year. Additionally, ENERGY STAR’s research shows that 30% of this energy is either unnecessary or inefficiently used.

GridPoint’s energy management system combats wasted energy and money by introducing real-time energy usage sensoring and big data analytics to provide visibility into total consumption of buildings, campuses or an entire fleet of sites. The data is then sent to a cloud-based platform where advanced analytics, sophisticated algorithms and control automation are applied to optimize building energy consumption continuously based on dynamically changing environmental conditions. For example, by using GridPoint’s solutions, a major national retailer averages savings of 23% per site in electrical and gas energy expenses by monitoring heating, ventilation and air conditioning (HVAC) performance. Typically, customers can see savings of up to 30% per site and an 18-36-month payback.

Christo Jacob, managing editor of CIOReview says, “GridPoint’s energy management applications rose to the top due to its advanced cloud-based architecture and real-time, data-driven approach to energy monitoring, analytics and control, things we know CIOs look for when evaluating new systems.”

Over the past year, GridPoint has consistently received industry recognition for its comprehensive energy management system. In 2013, Frost & Sullivan awarded GridPoint with the Customer Value Leadership Award in Building Energy Management Solutions, and Groom Energy selected GridPoint as a top ten Enterprise Smart Grid Leader out of 200 providers.

 

About CIOReview
CIOReview is a technology magazine that talks about the enterprise solutions that can redefine the business goals of enterprises tomorrow. It is the leading source that shares innovative enterprise solutions developed by established solutions providers, upcoming hot enterprises and is a neutral source for technology decision makers. Published from Fremont, California, CIOReview is an excellent platform for the enterprise to showcase their innovative solutions. http://www.cioreview.com/magazine/

 

About GridPoint
GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint’s integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services can generate energy savings up to 30% and an 18-36-month payback.GridPoint solutions are deployed at more than 12,000 sites with over 64 billion customer data points collected to date, and 100 million added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. To learn more, visit GridPoint.com, and keep up with the latest GridPoint news via LinkedIn linkedin.com/company/gridpoint and Twitter @gridpoint.

Media Contact:
Sarah Trainor
media@gridpoint.com
(703) 667-7173


Frost & Sullivan Recognizes GridPoint for Comprehensive Energy Management System

Names GridPoint winner of its 2013 Customer Value Leadership Award

Frost & Sullivan Recognizes GridPoint for Comprehensive Energy Management System with its 2013 Customer Value Leadership Award

ARLINGTON, VA – November 21, 2013 – GridPoint, Inc., a recognized leader in energy management and sustainability solutions that help customers maximize operational and energy savings, today announced it has been named the recipient of global research organization Frost & Sullivan’s 2013 Customer Value Leadership Award in Building Energy Management Solutions (EMS). The award is given to the company that has demonstrated excellence in implementing strategies that proactively create value for its customers with a focus on improving the return on investment that customers make in its services or products.

“The GridPoint Energy Management System (EMS) is a clear breakaway from other fragmented solutions offered in the market. Currently customers must patch together multiple fragmented tools, with none offering a complete solution, resulting in incomplete savings realization.” says Konkana Khaund, Industry Manager, Frost & Sullivan's Energy and Environment practice. “GridPoint’s comprehensive hardware, software, and services solution solves this problem and goes beyond to maximize value and savings, truly outpacing its competitors.”

In selecting GridPoint for this award, Frost & Sullivan cited the unparalleled breadth of capabilities assimilated into a single energy management solution in its decision. In particular, Frost & Sullivan highlighted GridPoint’s:

1. Comprehensive product platform integrating submetering, monitoring and control with GridPoint Energy Manager, a cloud-based data aggregation and analytics platform, supported by a dedicated professional services team

2. Meaningful real-time, data-driven approach that enables enterprises to gather granular enterprise-wide energy consumption and production data and strategically apply analytics to translate that data into actionable information

3. Rapid solution payback and continued savings generated by the variety of quantifiable savings opportunities made possible by the solution’s depth of visibility, with many customers saving 10 to 30 percent per site/month

4. Impressive customer reach and steady growth with market penetration across a diversified client base, including retailers, restaurant chains, grocery chains, convenience stores, commercial and industrial clients and government entities

“We are particularly honored to receive this award due to its focus on the importance of creating value for customers,” said GridPoint CEO Todd Raba. “GridPoint is committed to continuing in its role as a world-class innovator through our comprehensive approach to energy and sustainability management.”

The recognition from Frost & Sullivan is the latest in a string of accolades for GridPoint, who has also been recently identified as:

See the full details of the award and Frost & Sullivan’s review here.

About GridPoint

GridPoint is an established leader in smart energy solutions, providing Fortune 1000 enterprises, government agencies and utilities with the tools to implement and maintain sustainable energy management practices that improve operational efficiency and maximize energy savings. With over 12,000 energy management systems installed across the U.S., Canada and Europe, GridPoint’s U.S. customer base includes 4 of the top 10 casual dining restaurant chains, 7 of the top 20 quick serve restaurants, 3 of the top 20 convenience store growth chains and 7 of the top 10 retailers.

Founded in 2003, GridPoint is headquartered in Arlington, Virginia, with offices in Austin, Texas; Roanoke, Virginia; and Seattle, Washington. Keep up with all the latest GridPoint news via LinkedIn, Twitter, Facebook and Google+.

About Frost & Sullivan

Frost & Sullivan boasts a global research organization of 1,800 analysts and consultants who monitor more than 300 industries and 250,000 companies. The company is celebrating its 50th year partnering with Global 1000 companies, emerging businesses and the investment community from over 40 offices on six continents. Frost & Sullivan's market research identifies companies that achieve significant milestones in terms of technology innovation, product innovation and new product development. Research is based on independent research and analysis with a company's competitors, clients and other industry experts. Learn more at Frost.com.

Contact: media@gridpoint.com.


GridPoint Energy Management System Plays Critical Role in Hurricane Sandy

GridPoint Disaster Recovery Framework allows retailer to maintain business continuity, reduce financial impact

Arlington, VA – June 3, 2013 – GridPoint, Inc., a recognized leader in energy management and sustainability solutions that help customers maximize operational and energy savings, today announced it has released its Disaster Recovery White Paper to showcase how GridPoint’s integrated suite of energy management solutions and Managed Services played a critical role in maintaining business continuity for one major retailer in the wake of Hurricane Sandy, one of the most catastrophic storms in U.S. history.

By utilizing the cloud-based GridPoint Energy Manager analytics software suite, the retailer was able to quickly assess site power and equipment performance through a variety of sophisticated reports and dashboards. The remote monitoring, management, and granular visibility of site operations, including equipment, environmental conditions, and refrigerated inventory enabled the retailer’s disaster recovery and facility management teams to focus their attention on re-opening stores and optimizing on-the-ground operations.

For example, the retailer leveraged GridPoint’s granular submetering data, detailed visibility, and analysis to monitor how equipment recovered from the loss of power during the disaster. Here, GridPoint Energy Manager pinpointed when refrigeration systems were not operating at the preset temperature parameters and identified malfunctioning equipment. In one store, GridPoint Energy Manager identified that one type of refrigerator rack had been automatically shut off because the unit was not receiving the proper voltage to cool appropriately. Armed with this information, the facility manager could use GridPoint’s energy management system to verify that the refrigerators were operating properly, and the inventory had maintained adequate temperatures, potentially avoiding thousands of dollars in destroyed inventory.

“GridPoint’s integrated solution allowed a large North American retailer and grocer to proactively plan for the anticipated hurricane, and then remotely monitor and manage their recovery after the storm had passed,” said GridPoint CEO John Spirtos. “Most importantly, the retailer could assist the communities that were most severely impacted by the hurricane and access the emergency supplies, medicine, and food items that are so vital in a disaster situation.”

The white paper goes on to cite additional examples of how the retailer used GridPoint’s energy management system to achieve:

  • Granular visibility of energy and site operations that enabled efficient storm response management;
  • Remote enterprise-wide monitoring that drove rapid assessment and issue resolution;
  • Near real-time visibility of equipment performance and problem diagnosis to prevent the loss of valuable food, pharmaceutical, and climate-sensitive inventory;
  • Actionable analysis, allowing the retailer to prioritize needs based on power supply, potential inventory loss, and equipment failure; and
  • Increased business continuity while driving faster site and equipment recovery time.

GridPoint has deployed more than 11,000 sites across the U.S., Canada, and U.K., which include 4 of the top 10 U.S. retailers and 3 of the top 10 U.S. casual dining restaurants in addition to government entities and leading North American utilities.

To receive a copy of GridPoint’s white paper Hurricane Sandy Recovery Accelerated by Energy Management Solution: GridPoint’s Disaster Recovery Framework, please visit www.gridpoint.com/disasterrecovery.

 

About GridPoint

GridPoint is an established leader in smart energy solutions, providing Fortune 1000 enterprises, government agencies and utilities with the tools to implement and maintain sustainable energy management practices that improve operational efficiency and maximize energy savings. Founded in 2003, GridPoint is headquartered in Arlington, Virginia, with offices in Austin, Texas; Roanoke, Virginia; Seattle, Washington; and Ottawa, Ontario.

For more information, visit the company’s website at www.gridpoint.com
To connect with GridPoint via LinkedIn, please visit www.linkedin.com/company/gridpoint
To connect with GridPoint via Facebook, please visit www.facebook.com/gridpointinc
To connect with GridPoint via Google+, please visit www.gplus.to/gridpoint
To connect with GridPoint via Twitter, please visit www.Twitter.com/gridpoint


GridPoint Named Key Industry Player in Navigant Research Industrial Energy Management Systems Report

Intelligent submetering and data analytics drive savings

 

Arlington, VA – May 2, 2013GridPoint, Inc., a recognized leader in energy management and sustainability solutions that help customers maximize energy and operational savings, today announced that it had been named a key industry player by Navigant Research in its report, Industrial Energy Management Systems. The report, which examines the worldwide market for industrial energy management systems, focuses on software and services market issues, market drivers and inhibitors, regional trends, and global forecasts for industrial facilities.

The U.S. Department of Energy states the industrial and commercial markets account for 51 percent of total U.S. energy consumption1, spending more than $202.3 billion2 in annual energy costs with 30 percent3 of that spend categorized as inefficient or unnecessary. Further, it states a 10 percent reduction in usage would save businesses approximately $20 billion4. GridPoint’s energy management solution is designed to solve this problem, often saving customers between 10 and 30 percent on energy consumption and expenses, and can be cost-effectively tailored to address the unique needs of each industrial site.

 

Navigant Research notes that the strength of GridPoint’s energy management solution is derived from its ability to collect and aggregate data from disparate systems providing a holistic perspective on enterprise-wide energy issues by leveraging intelligent submetering data and cloud-based energy analytics software. The solution provides granular visibility into energy operations and equipment performance allowing users to combine energy data with a host of other business intelligence to make high impact decisions in real-time. In addition, the solution helps industrial customers verify that production equipment is operating at maximum efficiency, protects against the potentially devastating financial effects of unexpected production downtime, and ensures that business continuity is maintained.

 

Research Director Eric Woods highlighted the role of new technologies enabling data analytics, “Faster processing speeds and inexpensive storage have allowed big data to be processed and served up to users in real-time, or near real-time, on the floor of an industrial facility.” He also identified the operational and efficiency benefits of real-time data collection and analysis, “Operators can now see important aspects of the running processes as they are happening, allowing for adjustments ‘on the fly’ and minute improvements that add up to potential big savings over time. Understanding energy consumption is no longer an after-the-fact exercise.”

 

“Industrial energy environments are incredibly complex and require a cost-effective energy management solution that is flexible and extensible,” said GridPoint CEO John Spirtos. “Our solution provides actionable recommendations that drive deeper and more meaningful insight, efficiency, and enable real-time corrective action so customers can avoid costly unexpected downtime or sub-optimal equipment performance that can massively impact productivity.”

 

Navigant Research forecasts that the industrial market opportunity is promising for smaller, more innovative firms and expects that worldwide spending on industrial energy management systems and services will grow from $11.3 billion in 2013 to $22.4 billion in 2020, with a compound annual growth rate of 10.3 percent.

 

GridPoint touts a substantial customer roster of 11,000 sites deployed across the U.S., Canada, and U.K., that include 4 of the top 10 U.S. retailers and 3 of the top 10 U.S. restaurant companies in addition to government entities and leading North American utilities.

 

1U.S. Department of Energy (DOE), 2008 Buildings Energy Data Book, Section 1.1.1, 2008.
2Energy Information Administration. “2003 CBECS Detailed Tables. Table C4A. Expenditures for Sum of Major Fuels for All Buildings, 2003." December 2006. 1 June 2007. Energy Information Administration. “2002 Energy Consumption by Manufacturers--Data Tables. Table 7.9 Expenditures for Purchased Energy Sources, 2002." 2002. 1 June 2007.
3U.S. Environmental Protection Agency, ENERGY STAR program. “Useful Facts and Figures.” No date referenced. 1 June 2007.
4Energy Information Administration. “2003 CBECS Detailed Tables. Table C4A. Expenditures for Sum of Major Fuels for All Buildings, 2003.” December 2006. 1 June 2007. Energy Information Administration. “2002 Energy Consumption by Manufacturers--Data Tables. Table 7.9 Expenditures for Purchased Energy Sources, 2002.” 2002. 1 June 2007.

About GridPoint

GridPoint is an established leader in smart energy solutions, providing Fortune 1000 enterprises, government agencies and utilities with the tools to implement and maintain sustainable energy management practices that improve operational efficiency and maximize energy savings. Founded in 2003, GridPoint is headquartered in Arlington, Virginia, with offices in Austin, Texas; Roanoke, Virginia; Seattle, Washington; and Ottawa, Ontario.

For more information, visit the company’s website at www.gridpoint.com
To connect with GridPoint via LinkedIn, please visit www.linkedin.com/company/gridpoint
To connect with GridPoint via Facebook, please visit www.facebook.com/gridpointinc
To connect with GridPoint via Google+, please visit www.gplus.to/gridpoint
To connect with GridPoint via Twitter, please visit www.Twitter.com/gridpoint


GridPoint Appoints Former Berkshire Hathaway Executive Todd Raba CEO

Seasoned leader tapped to capitalize on enterprise energy management market growth
 

Former Berkshire Hathaway Executive Named GridPoint CEOARLINGTON, VA – October 17, 2013 – GridPoint, Inc., a recognized leader in energy management and sustainability solutions that help customers maximize operational and energy savings, today appointed Board of Directors member Todd M. Raba as Chief Executive Officer to scale the business in its next phase of growth. Mr. Raba brings over 30 years of experience leading large, highly competitive organizations, including two Berkshire Hathaway Inc. companies: Johns Manville, where as Chairman he reported directly to Warren Buffett, and MidAmerican Energy Company.

“Todd’s expertise in the energy and building industries as well as his experience in managing large organizations make him the ideal executive to lead GridPoint’s next phase in this rapidly growing market,” said Peter L. Corsell, founder and Chairman of the Board of Directors. “As a board member, Todd has already provided an invaluable contribution to our strategic direction. In his role as CEO, Todd will bring his deep operational experience to execute our vision and will strengthen GridPoint’s leadership position in the market.”

Most recently, Mr. Raba held the position of Chairman, President, and Chief Executive Officer of the Johns Manville Company, a leading global manufacturer and marketer of premium-quality building products. During his tenure, Mr. Raba maintained the company’s financial success during the recent housing collapse and resulting recession and oversaw 44 manufacturing facilities located throughout North America, Europe, and China.

Mr. Raba also served as President of the MidAmerican Energy Company, Iowa’s largest electric and gas utility. While at MidAmerican, Mr. Raba significantly grew revenues by expanding generation capacity with large investments in renewable wind technology, a new traditional energy power plant, and high-voltage transmission infrastructure.

"I'm incredibly excited to take on the CEO role at GridPoint,” said Mr. Raba. “GridPoint’s Energy Management Systems are unparalleled in the industry and offer significant energy savings and return on investment. With my experience at organizations on both sides of the energy equation, as a large producer of energy as well as a large consumer of energy, I see GridPoint as uniquely positioned to help its customers address their energy challenges, today and in the future. This market is ripe for innovative leadership, and GridPoint is at the forefront."

GridPoint’s Energy Management Systems (EMS), utilizing big data analytics, can generate savings of up to 30% and deliver an investment payback of 18-36 months. With GridPoint’s comprehensive portfolio of intelligent, real-time control, asset-levelsubmetering and monitoring, cloud-based software, and services, enterprises are able to reduce energy consumption, meet sustainability goals, improve operational efficiency, and optimize capital utilization.

According to Zpryme Smart Grid Insights, the global market for energy management systems totaled $1.7 billion in 2012, with North America accounting for 40% of the demand. Zpryme forecasts an annualized market growth rate of 25% through 2020, rising almost six-fold to reach $9.98 billion.

GridPoint has gained recent recognition from industry analysts for its unique energy management solution and market successes. In September, Frost & Sullivan, a global market research and analysis firm, recognized GridPoint with the 2013 Customer Value Leadership Award for Building Energy Management Solutions stating, “The EMS industry is currently marked by a fragmented competitive landscape of product providers that lack a solution-driven approach to meeting customer requirements. GridPoint, in this regard, truly outpaces its competitors.”

In July’s “2013 Enterprise Smart Grid and a Corporate Buyer’s Guide for Energy Management Software,” Groom Energy, an energy solutions consultancy for U.S. corporations, named GridPoint a Top 10 Enterprise Smart Grid Leader out of 200 firms “based on the strength and vision of the product, financial stability of the company, financial payback of the solution, number of customers, and sales momentum.”

With new executive leadership established, GridPoint also announced that John Spirtos will be leaving the company and its Board of Directors. “We thank John for his contribution to GridPoint, and we wish him the best in his future endeavors,” said Corsell.

About GridPoint

GridPoint is an established leader in smart energy solutions, providing Fortune 1000 enterprises, government agencies and utilities with the tools to implement and maintain sustainable energy management practices that improve operational efficiency and maximize energy savings.

With over 12,000 energy management and solar energy systems installed across the U.S., Canada, and Europe, GridPoint’s U.S. customer base includes 4 of the top 10 casual dining restaurant chains, 7 of the top 20 quick serve restaurants, 3 of the top 20 convenience store growth chains, and 7 of the top 10 retailers.

Founded in 2003, GridPoint is headquartered in Arlington, Virginia, with offices in Austin, Texas; Roanoke, Virginia; and Seattle, Washington. For more information, visit the company’s website at www.gridpoint.com.

Stay connected with GridPoint via:

GridPoint on LinkedIn LinkedIn www.linkedin.com/company/gridpoint
GridPoint on Twitter Twitter www.twitter.com/gridpoint
GridPoint on Facebook Facebook www.facebook.com/gridpointinc
GridPoint on Google+ Google + www.gplus.to/gridpoint
GridPoint on YouTube YouTube www.youtube.com/user/GridPointMarketing

Contact: media@gridpoint.com.


GridPoint Named Among Top Global Vendors for Energy Management Software by Independent Analyst Firm Verdantix

Firm recognizes GridPoint’s cloud-based energy analytics domain expertise for retail market

 

ARLINGTON, VA – January 22, 2013 – GridPoint, Inc., a recognized leader in smart energy solutions that help customers maximize energy and operational savings, today announced that its energy management data analytics platform, GridPoint Energy Manager, has been named among the top 14 energy management software applications globally in the Green Quadrant Energy Management Software by Verdantix, an independent analyst firm. More than 100 energy management software platforms were reviewed before the firm made its final selection for the report, which provides a detailed comparison of applications to help corporate buyers save time, reduce costs and mitigate risks when selecting products and suppliers.

In the report, Verdantix recognized GridPoint’s domain expertise in delivering data energy analytics tools to commercial and retail customers, specifically grocery and general merchandiser retailers. GridPoint scored best-in-class in the categories of commercial and retail building energy data capture; primary energy and on-site generation data capture; energy asset management; on-site energy generation project planning; and demand response.

“GridPoint is among the top 14 global vendors for enterprise energy management software and is gaining market momentum within the retail and restaurant sector working with some of the world’s leading retail brands,” said Verdantix Analyst Alisdair Mc Dougall. “Retail and restaurant firms with multi-site operations looking to invest in energy management software should consider GridPoint, based on the vendor’s domain knowledge and ability to provide customers granular energy data through robust data capture and analysis. GridPoint offers their customers greater visibility and control of their energy consumption through the provision of hardware, software and services.”

GridPoint’s energy management solution is founded on a data analytics platform that enables customers in key market sectors with complex energy environments to focus on operational issues with the goal of achieving lasting energy savings. The near real-time granular data derived from the company’s leading-edge submetering and control solutions allow facility and energy management teams to uncover previously hidden saving opportunities and achieve greater visibility into site operations and use of energy resources.

“We are honored to be recognized for our cloud-based platform, GridPoint Energy Manager, and the best-in-class data analytics capabilities it provides to our customers. GridPoint has gained significant market momentum with Fortune 500 retailers, grocers and restaurants due to our unique and disruptive approach based on data-driven analytics, submetering and control,” said GridPoint CEO John Spirtos. “Our solution allows customers to uncover previously hidden savings opportunities and consistently achieve double-digit percentage energy and operational savings. We are aggressively and rapidly expanding our capabilities so we can continue to deliver the most comprehensive energy management platform on the market today.”

About GridPoint

GridPoint is an established leader in smart energy solutions, providing Fortune 1000 enterprises, government agencies and utilities with the tools to implement and maintain sustainable energy management practices that improve operational efficiency and maximize energy savings.

With over 12,000 energy management solutions installed across the U.S., Canada, and Europe, GridPoint’s U.S. customer base includes 4 of the top 10 casual dining restaurant chains, 7 of the top 20 quick serve restaurants, 3 of the top 20 convenience store growth chains, and 7 of the top 10 retailers.

Founded in 2003, GridPoint is headquartered in Arlington, Virginia, with offices in Austin, Texas; Roanoke, Virginia; and Seattle, Washington. For more information, visit the company’s website at www.gridpoint.com.

Stay connected with GridPoint via:

GridPoint on LinkedIn LinkedIn www.linkedin.com/company/gridpoint
GridPoint on Twitter Twitter www.twitter.com/gridpoint
GridPoint on Facebook Facebook www.facebook.com/gridpointinc
GridPoint on Google+ Google + www.gplus.to/gridpoint
GridPoint on YouTube YouTube www.youtube.com/user/GridPointMarketing

Contact: media@gridpoint.com.