GridPoint Announces Carbon Reduction Partnership with CDP

Energy management solutions help businesses achieve sustainability goals

Arlington, VA –– September 23, 2014 –– GridPoint, an innovator in comprehensive, data-driven energy management systems (EMS) that enable customers to optimize energy savings, facility efficiency and sustainability efforts, is pleased to announce a new partnership with CDP, formerly the Carbon Disclosure Project. As CDP’s only current carbon reduction partner, GridPoint is uniquely positioned to help companies, which disclose greenhouse gas emissions to CDP, take proactive steps to measurably decrease energy consumption and the resulting emissions.

“CDP’s partnerships with organizations such as GridPoint are critical to our mission of preventing climate change by transforming the way the world does business. GridPoint’s energy management systems allow companies to increase their awareness of their energy consumption and take steps towards reducing carbon emissions in a meaningful manner,” said Paul Robins, head of partnerships at CDP.

A Data-driven Approach to Carbon Reduction

Every year, major corporations, including the majority of S&P 500 companies, disclose their carbon emissions by responding to a thorough questionnaire with sections outlining specific carbon reduction goals and initiatives as well as the action steps planned to accomplish them in the near future. While many companies use billing data to determine how these goals are tracking, utility bills lack the granularity and real-time insight necessary to understand exactly how energy is being consumed and how operations can be improved.

GridPoint’s submetering, monitoring and data-driven building control products solve this by collecting data from individual energy-consuming assets and pushing that data into a cloud-based software platform called GridPoint Energy Manager, which provides detailed visibility into a site’s energy profile and enables users to intelligently control their portfolio from a common EMS system. This solution complements CDP’s investor-led carbon action initiative, designed to advance companies’ carbon reduction activities while delivering a favorable return on investment. With intelligent controls in place, enterprises can achieve energy savings up to 30% with an 18-36-month payback.

“By disclosing carbon emissions to CDP, companies demonstrate their commitment to sustainability and intent to make a positive impact on the environment,” said Mark Danzenbaker, senior vice president of sales, marketing and product management at GridPoint. “We want to help companies get to the next level and achieve better carbon reduction results with an enterprise energy management system built on a deeper foundation of data and tied to intelligent building control.”

 

About CDP
CDP is an international, not-for-profit organization providing the only global system for companies and cities to measure, disclose, manage and share vital environmental information. CDP works with market forces, including 767 institutional investors with assets of US$92 trillion, to motivate companies to disclose their impacts on the environment and natural resources and take action to reduce them. CDP now holds the largest collection globally of primary climate change, water and forest risk commodities information and puts these insights at the heart of strategic business, investment and policy decisions. Please visit cdp.net or follow us @CDP to find out more.

 

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 75 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