The Emergence of the Energy Conscious Enterprise

As significant economic, political and technological forces evolve, enterprises are continuing to shift into a more energy-conscious mindset. New advances in technology are making innovative energy management possible, affordable and achievable from the residential sector to businesses with multiple locations across the country.

Asset-level submetering, environmental monitoring and cloud-based software platforms, in particular, are changing the way enterprises measure, monitor and manage energy usage with affordable solutions that can generate up to 30% savings, typically with 24-month-payback. In our newest white paper, GridPoint has identified five megatrends transforming the way enterprises approach energy management to reduce carbon emissions and save money:

Megatrend 1: Rising and Volatile Energy PricesEnergy prices are on a long-term, secular rise. In fact, the United States Department of Energy estimates that industrial electricity prices will grow an average 1.9% annually and 46% total over the next 20 years after inflation due to demand growth, resource supply, capacity lagging behind increased demand, political events and unexpected weather such as the polar vortex.

Megatrend 2: Government Regulation and Standards

There are numerous organizations that create and promote standards for energy management and overall building energy efficiency, including the Environmental Protection Agency (EPA) and the American Council for an Energy-Efficient Economy (ACEEE) among others, which highlight the importance of real-time, asset-level submetering to achieve granular visibility into energy use, optimize site operations and satisfy regulatory compliance requirements.

Megatrend 3: Corporate Responsibility

Corporate responsibility continues to be a key goal and priority for corporations and government institutions alike as good citizenship behavior is expected by the market and constituents.

Megatrend 4: Internet of Things

The rapid growth of devices connected to the Internet of Things (IoT) makes energy management more affordable and effective than ever before. IoT devices communicate to each other by sending data over a network without any necessary human interaction and, according to Business Insider’s “Here Comes the Internet of Things,” these devices are estimated to grow from 10 billion in 2012 to 70 billion in 2020.

Megatrend 5: Data-driven Energy Management

Finally, you cannot manage what you do not measure. Data-driven energy efficiency management will become an expected approach to achieve maximum financial savings, operational efficiencies, capital returns and carbon reductions.

As a result of these five megatrends, tomorrow’s successful organizations will become energy conscious today by leveraging real-time energy usage data to gain visibility, analysis and control of their overall energy usage.

To learn more about what’s fueling the market, download GridPoint’s white paper The Five Megatrends Shaping the Energy Conscious Enterprise or our e-book available on Slideshare.


Billion Dollar Baby: Navigant Research Identifies GridPoint as Key Player in Billion Dollar Small- and Medium-Sized Building Market

Billion Dollar Baby: Navigant Research Identifies GridPoint as Key Player in Billion Dollar Small- and Medium-Sized Building Market

Navigant Research recently released a report projecting revenues for building energy management systems (BEMSs) for small and medium-sized buildings to increase globally from $227 million annually in 2014 to $1.3 billion in 2022. The research confirms GridPoint’s decision to transition from the smart grid to focus entirely on energy management systems (EMS) to provide innovative solutions for businesses wanting to transform into energy conscious enterprises.

In the press release, Noah Goldstein, research director with Navigant Research, said, “Innovative BEMS solutions are being tested in the market, while increased digital control infrastructure is being installed in both new buildings and retrofits to comply with more stringent building codes. At the same time, executives are pushing for more enterprise energy management to manage costs.” Goldstein’s statement supports the five megatrends GridPoint outlined in the June issue of Buying & Using Utilities (pp. 8-9).

Similar to Navigant’s market drivers, GridPoint identified that rising and volatile energy prices, increasing government regulation and standards, continued focus on carbon reduction and energy efficiency as well as the need to manage operational costs including energy expenses are driving businesses to evaluate and implement EMS solutions. At the same time, Internet of Things technologies are becoming more prevalent and accessible, making things like big data analytics and cloud computing more affordable and easier to implement for effective energy and facility management.

The new research sheds light on the need for the right balance of hardware, software and services, depending on the building size, when implementing energy management systems. GridPoint’s recognized strength is our ability to integrate submetering and monitoring, big data analytics and control into the energy management process for superior results. Our new GridPoint Open Connect Platform allows us to integrate into existing environments and leverage previous investments to make energy management even more powerful for our customers which is why six of the top 10 retailers by total sales, four of the top 10 casual dining restaurants and seven of the top 20 quick serve restaurants have our products installed across their portfolio.

The report, “Energy Management for Small and Medium Buildings,” identifies GridPoint as a key BEMS player in the small and medium commercial building market, with a special call out to our energy controller. We are excited to be in a position to offer innovative solutions for enterprises looking to improve equipment performance, enhance corporate image through sustainability measures, meet regulations and standards, reduce carbon emissions and save money.


GridPoint Cloud Connector for Niagara Released as First Product of Open Connect Platform

GridPoint Cloud Connector for Niagara Released as First Product of Open Connect Platform

New Software Applications Provide Open Approach for Customers to Leverage Existing Investments

Arlington, VA – May 30, 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 has released the GridPoint Cloud Connector for Niagara, GridPoint’s first open platform connector product. The new solution allows customers to leverage existing investments and environments using application programming interfaces (APIs), on-site drivers and cloud connectors, and is designed to aggregate data from multiple sources for a more holistic energy picture.GridPoint Cloud Connector for Niagara Provides Enterprise-Wide Energy Visibility

With more than 400,000 instances of the Niagara platform installed globally, Tridium’s technology helps businesses implement effective controls throughout the enterprise. When this technology is combined with GridPoint’s cloud-based big data analytics software platform, GridPoint Energy Manager, businesses are given a comprehensive view into their energy consumption. Heating, ventilation and air conditioning (HVAC), lighting, refrigeration, renewable and other energy and non-energy related data are seamlessly transmitted from the NiagaraAX software platform to GridPoint Energy Manager, giving users site-level visibility into structured data across the enterprise.

“Combining GridPoint’s advanced submetering and cloud-based energy management and analytics platform with our industry-leading Niagara Framework-based solutions gives customers greater and more flexible control over management of their energy usage,” said Nino DiCosmo, general manager for Tridium. “As the advanced energy management market continues its rapid growth, our combined products will offer both smart energy solutions and intelligent building automation that provide quantifiable, actionable information leading to better decisions and greater energy savings.”

Asset-level submetering is beneficial because unlike traditional metering solutions, which only measure total site energy usage, submetering allows energy managers to delve deeper into energy consumed by individual assets to optimize equipment performance, implement smarter alarms and intelligently manage crucial projects.

“As cloud-based approaches to energy management become more prevalent, an open approach like the GridPoint Cloud Connector for Niagara will be essential to businesses who want to integrate new solutions into existing environments and get the maximum value out of their EMS investments,” said Todd M. Raba, president and CEO of GridPoint.

Enhanced Equipment Integration for Better Data Organization

When businesses install equipment from various vendors across multiple sites, it is often installed by different contractors resulting in important data labeled differently across the enterprise. If data is not labeled properly, downstream analytics are more costly and less accurate. GridPoint’s Open Connect Platform applications listen locally, translate the data and allow users to assign consistent labels to which GridPoint Energy Manger can apply its analytics and create useful reports for customers. The GridPoint Open Connect Platform supports Tridium’s NiagaraAX platform, as well as common communication protocols such as BACnet and Modbus for on-site integration with Trane, Lennox, Carrier and other energy-consuming assets.

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
(703) 667-7173


GridPoint Provides Dataset for National College Tournament DataFest

GridPoint Provides Dataset for National College Tournament “DataFest”

Students from Princeton, UCLA, Duke, Emory and the Five Colleges Analyzed Data in Competitive Setting

Arlington, VA – May 15, 2014 – GridPoint, an innovator in comprehensive, data-driven energy management systems (EMS) that enable customers to optimize energy savings, facility efficiency and sustainability agendas, partnered with colleges and universities throughout the United States to provide a common dataset for the fourth annual DataFest, which began at Duke University on March 21 and ended at the University of California, Los Angeles on May 4.A total of fifteen schools participated in five separate DataFest events hosted by Duke; Princeton University; Emory University; Five Colleges, a consortium composed of Amherst College, Hampshire College, Mount Holyoke College, Smith College and the University of Massachusetts Amherst; and UCLA. Approximately 450 students gathered throughout the course of the event to review, analyze and develop visualizations of three million rows and 80 columns of data provided by GridPoint. The data points were generated from three years of hourly readings at 110 buildings and ranged from energy-consuming assets such as lighting panels and kitchen appliances to weather data points such as precipitation and temperature. The dataset provided exposure to the challenges of real world analysis projects—including the difficulties presented by missing data, inverted readings and other realities a professional analyst deals with on a daily basis.

Working in teams, the students analyzed the large, complex dataset to understand total building energy use, spot assets that consumed a large amount of energy and analyze patterns and trends in energy consumption that could be reduced, saving energy and money. At the end of each competition, the teams presented their findings to a panel of judges who selected top performers based on the level of sophistication, information and usefulness in their reports.

“The DataFest is a great way for students interested in the fast-growing field of Big Data to get firsthand experience into what is possible to learn when given an extensive dataset,” said Mine Çetinkaya-Rundel, Ph.D., Assistant Professor of the Practice at Duke University’s Department of Statistical Science. “This year was especially challenging for students because they had a short time to learn as much as they could about energy management and the many external facets that affect the data surrounding effective energy management, but they surprised the visitors, the judges and themselves with the variety and the quality of their analyses.”

Students’ insight into the data produced many interesting results. Some teams chose to focus on savings analysis; some showcased the market potential of an energy management system, while others looked at the way weather events like Hurricane Irene impacted buildings and disrupted businesses.

“GridPoint was honored to participate in the DataFest this year. Big Data is a major component of our success as an energy management solutions provider and it will continue to be an important field as the technology supporting the Internet of Things grows and matures,” said Mark Straton, Senior Vice President of Sales and Marketing at GridPoint. “We were glad to enrich students’ education in Big Data and have them reimagine energy management with us.”

GridPoint would like to thank all those who participated in the event and congratulate the following winning teams:

Duke University:
Best in Show: “Wolfram Alphas”: Mao Hu, Avinash Moondra, Sankash Shankar, Daniel Zhang, Zenia Zheng, Josh Latner, Meghan Scanlon; “D 4 C”: Alvin Kang, Paul Kim, Lilly Park, Kevin Wu, Eric Wu
Best Use of External Data: “Team Clairvoyant”: Ashish Agarwal, Yu Fan, Fangjian Guo, Yizhe Zhang, Weiqiang Zhu; “The Fantastic 5+1”: Xirui Diao, Mingqiang Fu, Xiangcheng Gao, Yi Rong Hoo, Ruisi Zhan, Brianna Bai; “Data Cruncherz”: Travis Britain, Brittany Cohen, Varun Himamshu, Gabrielle Levac, Heather Shapiro, Philip Srevrev
Best Visualization: “Cougar Bait”: Lorin Crawford, Nghi Nguyen, Derek Owens-Oas, Shinichiro Shirota, Xi Chen, Joseph Futoma, Christoph Hellmayr, Matt Johnson, Victor Pena; “Spectral”: Bryan Davis, Fuhui Fang, Yinan Fang, Jie Gao

Princeton University:
Best in Show: “DJ Hydrazine”: Harold Li, Nathaniel May, David Zhao
Best Visualization: “The Outliers”: Ujjwal Dahuja, Mihaela Curmei, Arunraj Balaji, Mark Aksen, Lydia Liu, Kevin Lin
Best Use of External Data: “WuTang Financial”: Farhan Abrol, John Anderson, David Jensen, Leor Klainerman, Robert Sami

Five Colleges: Smith College’s “The P-Valuables”: Deidre Fitzpatrick Michele Handy, Maja Milosavljevic , Sara Stoudt, Dana Udwin

Emory University: Best Insight and Best Visualization: “Data Miners”: Kirk Hadley, Aiming Nie, Michael Zhai, Tony Wang, Fei Gao; “ANOVA One Bites the Dust”: Kyle Niezgoda

UCLA: Best Insight: “Oops I Dataed Again”: Siena Duplan, Kayla Frisoli, Kimberly Mauleon, Greta Olesen, Daniel Smith; “SC Statistics”: Chris Funaki, Sri Ramesh, Bradley Rava, Tsz Chan, Matthew Norris
Best Visualization: “Jack n Coke”: Lev Golod, Johghyun Lee
Best Use of External Data: “JSS”: Shahid Cohan, James Lepore, Sean Grant

Photo Credit: Whitley Pro Media Inc.

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
(703) 667-7173