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GridPoint was founded in 2003 by Peter L. Corsell and quickly established itself as a thought leader in energy management solutions through developing cutting-edge technologies for the modern grid. Through its early growth and into 2008, GridPoint provided solutions for utilities such as GridPoint’s Smart Grid Platform and as the energy efficiency market evolved, GridPoint grew into the energy management and analytics space serving customers in the commercial/industrial, government, and utility markets.
GridPoint was founded in 2003 by Peter L. Corsell and quickly established itself as a thought leader in energy management solutions through developing cutting-edge technologies for the modern grid. Through its early growth and into 2008, GridPoint provided solutions for utilities such as GridPoint’s Smart Grid Platform and as the energy efficiency market evolved, GridPoint grew into the energy management and analytics space serving customers in the commercial/industrial, government, and utility markets.


In 2010, John Spirtos was succeeded Peter L. Corsell as CEO to drive the company’s next phase of growth and Mr. Corsell became Chairman of the Board. Today, GridPoint is an established leader in energy management systems,<ref>GridPoint Named Among Top Global Vendors for Energy Management Software by Independent Analyst Firm: Firm Recognizes GridPoint's Cloud-Based Energy Analytics Domain Expertise for Retail Market. (2013). PRNewswire. Retrieved June 20, 2013, from http://www.prnewswire.com/news-releases/gridpoint-named-among-top-global-vendors-for-energy-management-software-by-independent-analyst-firm-187886371.html</ref> providing enterprises, government agencies, and utilities with the tools to implement and maintain sustainable energy management practices.
In 2010, John Spirtos succeeded Peter L. Corsell as CEO to drive the company’s next phase of growth and Mr. Corsell became Chairman of the Board. Today, GridPoint is an established leader in energy management systems,<ref>GridPoint Named Among Top Global Vendors for Energy Management Software by Independent Analyst Firm: Firm Recognizes GridPoint's Cloud-Based Energy Analytics Domain Expertise for Retail Market. (2013). PRNewswire. Retrieved June 20, 2013, from http://www.prnewswire.com/news-releases/gridpoint-named-among-top-global-vendors-for-energy-management-software-by-independent-analyst-firm-187886371.html</ref> providing enterprises, government agencies, and utilities with the tools to implement and maintain sustainable energy management practices.


== Driving Factors for Enterprise Energy Management and Sustainability Adoption ==
== Driving Factors for Enterprise Energy Management and Sustainability Adoption ==

Revision as of 13:10, 27 August 2013

GridPoint
Founded1 January 2003 Edit this on Wikidata
HeadquartersArlington, Virginia Other offices: Austin, Texas, Roanoke, Virginia, Seattle, Washington, and Ottawa, Ontario
ProductsEnergy management systems (EMS), solar energy systems, utility load and storage management software, utility customer engagement platforms
Websitewww.gridpoint.com

History

GridPoint was founded in 2003 by Peter L. Corsell and quickly established itself as a thought leader in energy management solutions through developing cutting-edge technologies for the modern grid. Through its early growth and into 2008, GridPoint provided solutions for utilities such as GridPoint’s Smart Grid Platform and as the energy efficiency market evolved, GridPoint grew into the energy management and analytics space serving customers in the commercial/industrial, government, and utility markets.

In 2010, John Spirtos succeeded Peter L. Corsell as CEO to drive the company’s next phase of growth and Mr. Corsell became Chairman of the Board. Today, GridPoint is an established leader in energy management systems,[1] providing enterprises, government agencies, and utilities with the tools to implement and maintain sustainable energy management practices.

Driving Factors for Enterprise Energy Management and Sustainability Adoption

There are many forces shaping today’s energy market. The first two are economic and political drivers. First, analysts with the U.S. Energy Administration estimate that there will be a 1.9% real annual price increase (after inflation), and 46% real increase over the next 20 years.[2] Second, enterprises are increasingly focused on their energy and sustainability practices so that they may minimize energy consumption, expenses and carbon emissions, as well as meet increasing government regulations.

The third main driver is technology. With the emergence of the Software as a Service (SaaS) model, enterprises are able to implement sophisticated systems across large geographies and execute daily business functions with minimal expense and complexity. Furthermore, the proliferation of smart, low cost, and wireless energy endpoints enables real-time data collection and control to be broadly deployed across enterprises. Finally, enterprises can take the real-time data from these smart endpoints and push their efficiency measures even further with advanced data aggregation and deep analytics to drive optimization in real-time and over the long-term.

Last, commonly accepted standards and guidelines presented by industry organizations have also encouraged businesses to increase building efficiency and achieve greater sustainability. For example, the American Society of Heating, Refrigerating, and Air Conditioning Engineers (ASHRAE) newest standard, 90.1-2013, to be published in September 2013 introduces requirements for electrical energy monitoring, including measurement devices, tenant monitoring, and refined energy usage reporting for all non-residential buildings larger than 10,000 ft2 and tenant spaces larger than 5,000 ft2.[3] This standard goes beyond the existing 2010 standard that already required automatic lighting shutoff generally and HVAC controls for very large facilities (50,000 ft2), and requires businesses to make additional investments in submetering technology to achieve greater efficiency.

In another instance, the U.S. Green Building Council continues to spur adoption of its Leadership in Energy and Environmental Design (LEED) certification requiring building owners to measure and verify through the continuous use of metering equipment, and employ system-level metering covering at least 40% or 80% of the total expected annual energy consumption of the building.

Selected Current Projects

Data-driven Energy Management and Sustainability

The perpetual growth of energy costs over the last few decades has spurred the adoption of intelligent energy solutions, energy efficiency, and sustainability for enterprises across the country. In 2012, the U.S. Energy Information Administration cited commercial and industrial energy use accounted for 53% of all non-transportation energy spending in the U.S.[4] In addition, government-backed Energy Star suggests more than $202.3 billion is spent annually, 30% of which is inefficient or unnecessary.[5] It goes on to state that a $20 billion of energy spend could be avoided with a 10% efficient improvement. As such, energy management systems (EMS) and their associated cost savings and sustainability opportunities are increasingly vital to enterprise cost control and competitive strategies. The emergence of relatively inexpensive computing, data storage, and cloud deployment options have already transformed many industries, and are now poised to do the same for enterprise energy management.

To manage costs and improve efficiency businesses have increasingly invested in submetering and monitoring market solutions that collect energy data from submetered devices, which is then aggregated and analyzed through cloud-based software applications. The ability to see energy production and consumption on an enterprise level, as well as respond to energy performance and equipment issues through a comprehensive set of alarms and reporting functionality, has allowed businesses to achieve greater efficiency with added insight into business continuity, environmental conditions, and emissions, ultimately reducing capital expenditures.

In 2008, after a series of acquisitions, GridPoint turned its focus to the enterprise energy management and sustainability market. Building on its utility-focused energy management knowledge, the company focused its solution portfolio on enterprise energy management systems designed to allow energy, facility, and sustainability managers to effectively and affordably reduce energy consumption, expenses and carbon emissions across a multi-site enterprise. The GridPoint Energy Manager cloud-based software suite allows enterprises to manage and monitor energy-consuming products, such as lighting, refrigeration, HVAC (heating, ventilation and air conditioning) through a dynamic set of control and submetering devices.

The platform has evolved to include measuring, monitoring, alarming, and demand response and validation functionality for not only energy-consuming devices, but energy generating devices as well, including solar energy, fuel cells, wind and more. In 2010, GridPoint introduced its GridPoint Managed Services division, including technical support, control support services, energy advisory services, and site monitoring to aid customers in achieving direct and indirect energy savings, mitigate risk, and optimize capital expense utilization.

Over the years, leading analyst firms have noted the success of GridPoint’s data-driven energy management and sustainability solution ranking it as a global industry leader:

  • IDC MarketScape Smart Building Energy Analytics, September 2011: “GridPoint’s EMS is ranked as a leader… Where GridPoint truly steps aside from other Smart Building Analytics solutions is in the company’s go-to-market strategy.”
  • Verdantix Green Quadrant Energy Management Software, January 2012: “GridPoint is among the top 14 global vendors for enterprise energy management software and is gaining market momentum within the retail and restaurant sector working with some of the world’s leading retail brands.”
  • Navigant Research Industrial Energy Management Systems (IEMS), April 2013: Named Key Industry Player - “Keeping to its strengths of developing leading EMSs…provides GridPoint with solid leverage in this market.”

Utility Engagement and Collaboration

Since its founding, GridPoint has continued to focus a portion of its business on the utility sector, providing enterprise efficiency and load management solutions to support utility companies’ commercial and industrial base through energy management and submetering systems providing visibility into energy consumption patterns, and to capture and dispatch of energy by storage assets located in utility's transmission and distribution systems T&D systems. Additionally, GridPoint's software-based dashboards consist of tools that provide insight into residential energy consumption, predicted energy usage, savings achieved, and carbon impact.

Corporate Recognition and Brand

December 18, 2012, “Energy Management Creates Great Savings in Retail” Integrated Solution for Retailers [6]

November 29, 2012, GridPoint named AlwaysOn 2012 GoingGreen Global 200 Top Companies Winner [7]

November 6, 2012, “GridPoint Takes Aim and Enterprise Energy Management” Pike Research [8]

October 14, 2012, “GridPoint Refocuses on Enterprise Energy Management” The Washington Post [9]

October 11, 2012, “GridPoint Energy manager Adds Industry Specific Algorithms” Energy Manager Today [10]

June 6, 2012, “Rancho Cordova Neighbors on Solar Energy’s Cutting Edge” Sacramento Bee [11]

March 29, 2012, “PVHS Solar Panels Should Translate to $50K Savings” Passaic Valley Today [12]

March 22, 2012, “CarMax Expands Use of Solar Panels at Multiple Locations” Auto Remarketing [13]

July 25, 2011, “GridPoint Takes Energy Management to the Cloud” GreenBang [14]

June 1, 2011, “Texas Parks and Wildlife Goes Solar” Earth Times [15]

May 21, 2011, “GridPoint Tapped to Design and Install 15 Arrays for Texas and Wildlife Department” PV-Tech [16]

October 2010, “EMS Lowers Your Energy Bills” Integrated Solutions for Retailers [17]

September 22, 2009, GridPoint named to Global Cleantech 100 List by the Guardian and Cleantech Group [18]

March 11, 2009, GridPoint Named AlwaysOn GoingGreen 50 Winner [19]

September/October 2009, Peter L. Corsell recognized by Technology Review’s prestigious TR35 Listing of the World’s Young Innovators for 2008 [20]

May 30, 2008, GridPoint received Connectivity Week’s Buildy Home Connectivity Award for “Smart Charging” [21]

September 2008, GridPoint referenced in Hot, Flat, and Crowded: Why We Need a Green Revolution and How It Can Renew America, by Thomas L. Friedman [22]

August 2008, GridPoint referenced in Perfect Power: How the Microgrid Revolution Will Unleash Cleaner, Greener, More Abundant Energy, by Robert Galvin and Kurt Yeager [23]

March 2008, GridPoint referenced in Earth: the Sequel, by Fred Krupp [24]

November 2007, GridPoint identified as one of 28 companies to receive the World Economic Forum Technology Pioneer for 2008 [25]

September 2007, GridPoint named as overall winner of AlwaysOn Going Green 2007 100 Top Private Companies [26]

September 2007, GridPoint received the 2007 North American Frost & Sullivan Award for Green Excellence [27]

June 2007, GridPoint named one of ten “Companies to Watch” in the book entitled The Clean Tech Revolutions: The Next Big Growth and Investment Opportunity by Ron Pernick and Clint Wilder [28]

April 2007, GridPoint named one of five companies to watch in Utilities Get Enlightened Trend in Clean Energy Trends Report 2007 [29]

April 2007, GridPoint identified as one of the top five emerging technology vendors in Gartner’s research report Cool Vendors in Energy and Utilities 2007 [30]

February 2007, GridPoint highlighted as Precursor to a Killer Application in Galvin Electricity’s The Path to Perfect Power Report [31]

Corporate Affairs

February 26, 2010 - GridPoint Completes Acquisition of Standard Renewable Energy

November 9, 2009 - GridPoint Acquires ADMMicro, Extending Smart Grid Solutions to Commercial & Industrial Customers

June 29, 2009 - GridPoint Acquires Lixar’s Energy Business, Enhances Smart Grid Software Platform and Establishes Canadian Presence

September 23, 2008 - GridPoint Acquires V2Green, Cementing Leadership Position in Plug-In Electric Vehicle Management Solutions for Utilities

References

  1. ^ GridPoint Named Among Top Global Vendors for Energy Management Software by Independent Analyst Firm: Firm Recognizes GridPoint's Cloud-Based Energy Analytics Domain Expertise for Retail Market. (2013). PRNewswire. Retrieved June 20, 2013, from http://www.prnewswire.com/news-releases/gridpoint-named-among-top-global-vendors-for-energy-management-software-by-independent-analyst-firm-187886371.html
  2. ^ Annual Energy Outlook 2013. (2013). U.S. Energy Information Administration. Retrieved June 21, 2013, from http://www.eia.gov/forecasts/aeo/pdf/0383(2013).pdf
  3. ^ RFP Users Manual Standard 90.1-2013. (2013). ASHRAE. Retrieved June 21, 2013, from https://www.ashrae.org/standards-research--technology/standards--guidelines/rfp-users-manual-standard-90-1-2013
  4. ^ Sieminski, A. (2012). Annual Enregy Outlook 2013 Early Release Reference Case. U.S. Energy Information Agency. Retrieved June 21, 2013, from http://www.eia.gov/pressroom/presentations/sieminski_12052012.pdf
  5. ^ Fast Facts on Energy Use. (n.d.). Energy Star. Retrieved June 21, 2013, from http://www.eia.gov/pressroom/presentations/sieminski_12052012.pdf
  6. ^ Energy Management Creates Great Savings in Retail. Integrated Solutions for Retailers. Retrieved June 20, 2013, from http://www.retailsolutionsonline.com/doc/energy-management-creates-great-savings-in-retail-0001
  7. ^ Announcing the 2012 GoingGreen Global 200 Top Private Companies. (2012). Retrieved June 20, 2013, from http://aonetwork.com/announcing-the-2012-goinggreen-global-200-top-private-companies/
  8. ^ Bloom, E. (2012). GridPoint Takes Aim and Enterprise Energy Management. Navigant. Retrieved June 20, 2012, from http://www.navigantresearch.com/blog/gridpoint-takes-aim-at-enterprise-energy-management
  9. ^ Overly, S. (2012). GridPoint Refocuses on Enterprise Energy Management. Washington Post. Retrieved June 20, 2013, from http://articles.washingtonpost.com/2012-10-14/business/35502216_1_clean-tech-energy-consumption-smart-grid
  10. ^ Gridpoint Energy Manager Adds Industry Specific Algorithms. Energy Manager Today. Retrieved June 20, 2013, from http://www.energymanagertoday.com/gridpoint-energy-manager-adds-industry-specific-algorithms-085833/
  11. ^ Glover, M. (2012). Rancho Cordova Neighbors on Solar Energy’s Cutting Edge. Sacramento Bee. Retrieved June 20, 2013, from http://www.sacbee.com/2012/06/29/4597987/rancho-cordova-neighbors-on-solar.html#mi_rss=Business
  12. ^ Pappas, T. (2012). PVHS Solar Panels Should Translate to $50K Savings. Passaic Valley Today. Retrieved June 20, 2013, from http://www.northjersey.com/news/144391415_PVHS_solar_panels_should_translate_to__50k_savings.html
  13. ^ CarMax Expands Use of Solar Panels at Multiple Locations. (2012). Auto Remarketing. Retrieved June 20, 2013, from http://www.autoremarketing.com/retail/carmax-unveils-first-pennsylvania-store
  14. ^ GridPoint Takes Energy Management to the Cloud. (2011). Greenbang. Retrieved June 20, 2013, from http://www.greenbang.com/gridpoint-takes-energy-management-to-the-cloud_18893.html
  15. ^ Ricketts, C. (2011). Texas Parks and Wildlife Goes Solar. Earth Times. Retrieved June 20, 2013, from http://www.earthtimes.org/business/texas-wildlife-service-solar/956/
  16. ^ Olsen, S. (2011). GridPoint Tapped to Design and Install 15 Arrays for Texas and Wildlife Department. PV-Tech. Retrieved June 20, 2013, from http://www.pv-tech.org/news/gridpoint_tapped_to_design_and_install_15_solar_arrays_for_texas_parks_and
  17. ^ Harris, E. (2010). EMS Lowers Your Energy Bills. Integrated Solutions for Retailers. Retrieved June 20, 2013, from http://www.retailsolutionsonline.com/doc/EMS-Lowers-Your-Energy-Bills-0002
  18. ^ GridPoint named to Global Cleantech 100 List by the Guardian and Cleantech Group. (2009). The Guardian. Retrieved June 20, 2013, from http://www.guardian.co.uk/globalcleantech100/list
  19. ^ GridPoint Named AlwaysOn GoingGreen 50 Winner. (2009). Business Wire. Retrieved June 20, 2013, from http://www.businesswire.com/news/home/20090311005353/en/GridPoint-Named-AlwaysOn-GoingGreen-50-Winner
  20. ^ Peter L. Corsell recognized by Technology Review’s prestigious TR35 Listing of the World’s Young Innovators for 2008. (2009). Business Wire. Retrieved June 20, 2013, from http://www.businesswire.com/news/home/20080821005819/en/GridPoint-CEO-Peter-L.-Corsell-Recognized-Technology
  21. ^ 2008 Buildy Awards. (2008). BuilConn. Retrieved June 20, 2013, from http://www.builconn.com/2008/na/news.asp?qsitem=2008-0530.htm
  22. ^ Friedman, T. (2008). Hot, Flat, and Crowded: Why We Need a Green Revolution and How It Can Renew America. New York, NY: Picador.
  23. ^ Galvin, R. & Yeager, K. (2008). Perfect Power: How the Microgrid Revolution Will Unleash Cleaner, Greener, More Abundant Energy. New York, NY: McGraw-Hill.
  24. ^ Krupp, F. & Horn, M. (2008). Earth: the Sequel:Earth: the Sequel: The Race to Reinvent Energy and Stop Global Warming. New York, NY: W.W. Norton and Company
  25. ^ GridPoint Selected by World Economic Forum as Technology Pioneer 2008. (2008). Reuters. Retrieved June 20, 2013, from http://www.reuters.com/article/2007/11/29/idUS09838+29-Nov-2007+BW20071129
  26. ^ GridPoint Tops List of 100 Innovative Greentech Companies. Environmental Leader. Retrieved June 20, 2013, from http://www.environmentalleader.com/2007/09/13/gridpoint-tops-list-of-100-innovative-greentech-companies/
  27. ^ Frost & Sullivan Applauds GridPoint for Green Excellence in Technology: A Smart Grid Solution to Achieve Environmental Sustainability. (2007). Frost & Sullivan. Retrieved June 20, 2013, from http://www.frost.com/prod/servlet/press-release.pag?docid=106996407
  28. ^ Pernick, R. & Wilder, C. (2007). The Clean Tech Revolutions: The Next Big Growth and Investment Opportunity. New York, NY: HarperCollins
  29. ^ GridPoint One of Five "Companies to Watch" in "Utilities Get Enlightened" Trend in Clean Energy Trends Report 2007. (2007). intelligentutility. Retrieved June 20, 2013, from http://www.intelligentutility.com/article/07/04/gridpoint-one-five-companies-watch-utilities-get-enlightened-trend-clean-energy-trends-report-2007
  30. ^ GridPoint Named “Cool Vendor” By Leading Analyst Firm. (2007). intelligentutility. Retrieved June 20, 2013, from http://www.intelligentutility.com/article/07/04/gridpoint-named-cool-vendor-leading-analyst-firm
  31. ^ GridPoint Highlighted as `Precursor to a Killer Application' in Galvin Electricity’s The Path to Perfect Power Report. (2007). Businesswire. Retrieved June 20, 2013, from http://www.businesswire.com/news/home/20070228005298/en/GridPoint-Highlighted-Precursor-Killer-Application-Galvin-Electricitys
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