Arlington, VA – May 12, 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 recognized in CIOReview’s “Big Data 100” list for 2014. The list covers emerging software companies that utilize Big Data to provide solutions for customers and assists chief information officers in the decision making process. GridPoint was placed in the “Energy Big Data Analytics” category and was selected for its ability to help customers save energy and reduce carbon by up to 30 percent.
“Clearly, the big data phenomenon is no longer considered a trend. In fact, it is essential for progressive companies to adopt big data strategies in some form to stay competitive and be successful,” said Pradeep Shankar, Editor-in-Chief of CIOReview. “The way GridPoint uses data to drive its energy management solutions for customers proves that the company is an innovator worth evaluating by enterprises in a variety of fields.”
GridPoint’s energy management system transforms businesses into energy conscious enterprises by introducing real-time energy usage sensors and big data analytics to provide visibility into total consumption by 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. Customers can see savings of up to 30% per site and an 18-36-month payback.
“Big data analytics has been a key differentiator for us as an energy management solutions provider. GridPoint’s submetering solutions make it easy for customers to get energy data, but it’s difficult to make sense of it and glean useful takeaways on their own,” said Jeff Hatef, Senior Vice President of Engineering and Analytics at GridPoint. “Our platform, GridPoint Energy Manager, excels at organizing and analyzing data so that customers can get maximum value and make informed energy decisions.”
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.