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 a leader in energy optimization technology that decarbonizes commercial buildings and accelerates a more sustainable energy future. GridPoint’s data-driven platform connects energy grids with the built environment and behind-the-meter distributed energy resources, enabling the ability to coordinate energy supply and demand to achieve energy and sustainability goals for businesses and the grid at the same time. GridPoint’s platform is deployed in over 18,000 commercial buildings across multiple industries. Leveraging data analytics, patented algorithms, and intelligent automation to deliver unprecedented visibility into complex building operations, GridPoint reduces energy costs, lowers carbon emissions, 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. The GridPoint Intelligent Energy Network™ of buildings is driving grid modernization and accelerating the transition to a sustainable energy future. For more information, visit https://www.gridpoint.com/.