Auditable carbon accounting reporting combined with automated building controls helps businesses manage emissions in real time to drive a more sustainable future
RESTON, VA – September 15, 2022 – GridPoint, a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization, in partnership with TimberRock, a software and energy solutions provider that helps organizations account for and reduce their energy emissions, today announced a new, innovative technology integration that delivers a simplified carbon accounting, management and reduction platform for commercial businesses looking to comply with climate-related emission disclosure guidelines and drive emissions reductions.
As a growing number of corporations launch sustainability initiatives, adopt environmental, social and governance (ESG) standards, and work toward net zero emissions, the GridPoint-TimberRock partnership addresses an increased demand for standardized, accurate data and reporting on carbon reduction metrics. Additionally, governing bodies like the Securities and Exchange Commission are considering new requirements to disclose direct greenhouse gas emissions (Scope 1), indirect emissions (Scope 2) as well as emissions that are the result of activities from assets not owned or controlled by the reporting organization (Scope 3).
“Combining TimberRock’s insights alongside GridPoint’s platform significantly enhances the data available to businesses as they transition toward net zero emissions,” said Mark Danzenbaker, CEO of GridPoint. “The integration will equip businesses with visibility into their carbon footprint, controls to help adjust emissions in real time and reporting capabilities to adhere to oncoming environmental impact regulations.”
TimberRock’s E-IQ platform provides accurate and auditable greenhouse gas and carbon reduction metrics, including Scope 1, 2 and 3 emissions, that are ready for third-party validation to support customer sustainability reporting. Data on carbon reduction metrics has a wide range of applications, including tracking progress of sustainability initiatives, reporting on ESG compliance and anticipating future regulations as governing bodies consider added requirements for emissions reporting.
Beyond AccountingTM, the combination of TimberRock and GridPoint’s data unlocks new pathways for CO2e reduction. Customers can adjust building performance to a variety of factors like energy cost savings, utility signals like demand response and now, carbon emissions. Customers can automate and orchestrate energy-intensive equipment and distributed energy resources (DERs) within a building to reduce electricity demand at times when energy production is most carbon intensive. These CO2e mitigations are quantified via immutable record and ready for audit or third-party verification.
“Many organizations are committed to achieving net zero emissions but lack both the data to account for CO2e and the tools to then reduce it,” said Brent Hollenbeck, founder and CEO of TimberRock. “We’re excited about the integration with GridPoint’s platform as it addresses both of these challenges and provides companies the tools needed to achieve their goals.”
TimberRock believes in an emissions-free energy future in which decarbonized energy is abundant, accessible, low-cost and reliable. TimberRock’s mission is to deliver the technology and services that achieve this future via it’s E-IQ platform. E-IQ is deployed across 100-million square feet of buildings today and provides energy emissions “impact” accounting that enables the journey to net zero energy emissions. For more information, visit www.trock.io.
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.