Experiencing a year of record growth, GridPoint further extends leadership team to focus on product development investments

RESTON, VA – August 31, 2022 – GridPoint, a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization, today announced Tom Barbour has been named vice president of product to concentrate on product development investments and support recent growth.

Barbour will lead product development investments and decarbonization efforts across a variety of energy management product solutions, covering traditional building controls as well as emerging markets such as battery storage and electric vehicle charging. Joining GridPoint with over 10 years of experience delivering energy management solutions to the global electricity market, Barbour served as vice president at demand response provider, Comverge, where he was instrumental in scaling its demand response platform before the company was acquired by Itron in 2017. As director at Itron, a global innovator changing the way utilities and cities manage energy and water, Barbour proceeded to integrate his expertise across a number of complimentary solutions.

“An industry expert in grid interactive technologies and energy efficiency programming, Tom brings a unique perspective to customer challenges and will help accelerate our progress toward a more sustainable energy future,” said Mark Danzenbaker, CEO of GridPoint. “As we continue working to remove the barriers keeping commercial businesses from adopting greener energy solutions, Tom will be a strong asset to not only GridPoint’s current focus but for new and emerging markets as well.”

In May 2022, GridPoint welcomed two new executive team members to deepen its technology expertise. Mike Ratliff, CTO, oversees software, hardware and firmware as well as product strategy and IT to ensure alignment in an evolving technology space and Andy Brabender, CRO, leads company growth and profitability through strategic sales efforts and a culture built on transparency, teamwork and accountability.

Additionally, GridPoint recently announced new investment from Goldman Sachs and Shell Ventures for $75 million as well as new metrics reporting more than $100 million in energy cost savings and 1.4 billion pounds of carbon emissions avoided from total customer impacts in 2021.

 

About GridPoint

GridPoint is a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization. GridPoint’s data-driven platform connects energy grids with the built environment and behind-the-meter distributed energy resources, enabling the ability to optimize energy and sustainability goals for businesses and the grid at the same time. GridPoint’s technology platform is deployed in 16,000+ commercial buildings across multiple industries. Leveraging data analytics, intelligent automation and machine learning to deliver unprecedented visibility into complex building operations, GridPoint reduces energy costs, maximizes decarbonization, provides actionable facility insights and strengthens resiliency – building by building. Networked together, buildings with GridPoint Intelligence™ aggregate the reliable, precise and instantaneous capacity that energy grids increasingly require. GridPoint’s intelligent energy network of buildings is driving grid modernization and accelerating the transition to a sustainable energy future. For more information, visit gridpoint.com.