GridPoint

GridPoint, Inc. offers an energy management platform for commercial buildings that collects data from building systems such as HVAC units, refrigeration and lighting, analyzes it, and automates equipment operation to reduce energy consumption and cost. The platform captures real-time equipment-level data alongside building performance history and utility grid status, and applies analytics the company brands as GridPoint Intelligence to interpret data points and adjust building operations for efficiency.

Functional capabilities described by the company include automated anomaly detection that flags inefficiencies and generates recommendations; HVAC health monitoring that tests individual and enterprise-wide units so facility managers can diagnose issues remotely, prioritize by severity and validate repairs; and advanced HVAC scheduling driven by time-of-use rates, operating hours, occupancy, sensors and daylight in order to avoid peak charges. GridPoint positions the platform as serving both sides of the meter, giving building operators real-time visibility into facility operations while enabling dynamic load flexibility that makes buildings grid-interactive and contributes to grid reliability. The company states its field technology experience spans more than 20 years.

Business model

GridPoint sells building energy management technology and services to commercial building operators and to utilities through a single platform, offered either as out-of-the-box packaged solutions or as more customized site-level deployments.

Traction

The company reports cumulative results of $1.5 billion in energy savings, more than 18.5 billion pounds of CO2 avoided and more than 10.6 billion kWh reduced.