Publication recognizes GridPoint’s energy management systems and cloud-based software solutions
Arlington, VA – March 25, 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 named one of CIOReview’s “20 Most Promising Enterprise Software Companies.” The report highlights industry leaders in a variety of software fields that are poised for rapid growth and aims to assist chief information officers in evaluating solutions that best suit the needs of their businesses. President and CEO Todd M. Raba commented on the award saying, “GridPoint is honored to once again be recognized as a leader in enterprise energy management solutions. Our asset-level submetering, environmental monitoring and intelligent controllers leverage Internet of Things technology—from big data to cloud-based analytics—and allow us to help companies and organizations cut down energy usage, costs and carbon emissions.”
When it comes to managing energy, businesses and organizations face several problems: Costs of energy are rising and volatile, pricing is complex, government regulation is steadily increasing and there is a lack of granular equipment-level energy consumption data, which is necessary to help enterprises determine how energy is used and make intelligent decisions to reduce consumption. According to the United States Department of Energy and ENERGY STAR, there are five million commercial buildings and industrial facilities that account for 61% of U.S. electricity consumption and $202 billion in total energy costs each year. Additionally, ENERGY STAR’s research shows that 30% of this energy is either unnecessary or inefficiently used.
GridPoint’s energy management system combats wasted energy and money by introducing real-time energy usage sensoring and big data analytics to provide visibility into total consumption of 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. Typically, customers can see savings of up to 30% per site and an 18-36-month payback.
Christo Jacob, managing editor of CIOReview says, “GridPoint’s energy management applications rose to the top due to its advanced cloud-based architecture and real-time, data-driven approach to energy monitoring, analytics and control, things we know CIOs look for when evaluating new systems.”
Over the past year, GridPoint has consistently received industry recognition for its comprehensive energy management system. In 2013, Frost & Sullivan awarded GridPoint with the Customer Value Leadership Award in Building Energy Management Solutions, and Groom Energy selected GridPoint as a top ten Enterprise Smart Grid Leader out of 200 providers.
CIOReview is a technology magazine that talks about the enterprise solutions that can redefine the business goals of enterprises tomorrow. It is the leading source that shares innovative enterprise solutions developed by established solutions providers, upcoming hot enterprises and is a neutral source for technology decision makers. Published from Fremont, California, CIOReview is an excellent platform for the enterprise to showcase their innovative solutions. http://www.cioreview.com/magazine/
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/.