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, 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.
GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint's integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services can generate energy savings up to 30% and an 18-36-month payback.
GridPoint solutions are deployed at more than 12,000 sites with over 64 billion customer data points collected to date, and 100 million added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. To learn more, visit GridPoint.com, and keep up with the latest GridPoint news via LinkedIn linkedin.com/company/gridpoint and Twitter @gridpoint.
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/
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