GridPoint

History and growth

GridPoint was founded in 2003 by Peter L. Corsell. Through its early growth and into 2009, GridPoint’s Smart Grid Platform provided an intelligent network for utilities to integrate load measurement and control devices, energy storage technologies and renewable energy sources into the electric grid.

In 2009, the company began leveraging the data and analytics research and knowledge from its utility-facing smart grid technologies to develop energy management solutions for the enterprise and government sectors.

Later that year, GridPoint acquired ADMMicro, a developer of energy management systems for the commercial and industrial (C&I) sector and Lixar, a cloud-based energy management software technology company.

In 2013, former Berkshire Hathaway executive Todd Raba joined GridPoint as CEO. Raba had previously run the Berkshire Hathaway companies Johns Manville and MidAmerican Energy Company.

Technology and services

GridPoint’s integrated energy management solution includes hardware, software and services that collect data about equipment-level energy consumption and building environmental conditions, aggregate and analyze that data and then communicate what actions can be taken to reduce energy consumption and carbon emissions, improve operational efficiency and capital utilization and help ensure business continuity.

Energy management hardware

GridPoint’s real-time controllers manage lighting schedules and HVAC (heating, ventilation and air conditioning) temperature setpoints across a network of facilities. Equipment-level submeters measure circuit-level power consumption for equipment such as individual HVAC units, chiller boiler systems, lighting, refrigeration, kitchen equipment, plug loads and signage and monitoring devices collect environmental data such as temperature, humidity and CO2 levels. Captured data is then fed into the GridPoint Energy Manager software platform.

Energy management software

GridPoint’s energy management software platform, GridPoint Energy Manager, is a cloud-based data aggregation and analytics engine that presents equipment-level energy consumption and building environmental information through SaaS-based dashboards, reports and alarms. The software platform can be used with either GridPoint equipment or third-party hardware via open, standards-based public interfaces. The software platform also includes demand response functionality and renewable energy integration for technologies such as solar, fuel cells and wind.

Energy management services

GridPoint’s energy management services include energy advisory services, advanced reporting, custom savings analyses, alarm management, facility triage, equipment diagnoses and training.

Utility solutions

GridPoint’s current utility solutions include enterprise energy management and submetering systems to support utilities’ commercial and industrial customers by providing information about energy consumption patterns and load and storage management solutions that capture and dispatch energy by storage assets located in a utility's transmission and distribution system. For residential utility customers, GridPoint provides software-based dashboards that provide information about energy consumption, predicted energy usage and carbon impact.

Awards and recognition

GridPoint has received various honors including designation as a 2008 Technology Pioneer by The World Economic Forum, inclusion in the 2009 Global Cleantech 100 by The Guardian and Cleantech Group, the 2013 Customer Value Leadership Award for Building Energy Management Solutions from Frost & Sullivan and selection as a 2013 Top 10 Enterprise Smart Grid Leader by Groom Energy.

The company has also been referenced in books including Hot, Flat, and Crowded by Thomas Friedman, The Clean Tech Revolution by Ron Pernick and Clint Wilder, Perfect Power by Robert Galvin and Kurt Yeager and Earth: The Sequel by Fred Krupp.

GridPoint’s institutional investors include Goldman Sachs and New Enterprise Associates (NEA).