ARLINGTON, Va. — GridPoint, a supplier of energy management solutions, announced that it has been 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 said, “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.”

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, GridPoint said a major national retailer averages savings of 23 percent per site in electrical and gas energy expenses by monitoring HVAC performance. Typically, customers can see savings of up to 30 percent per site and an 18-36-month payback, said the company.

Christo Jacob, managing editor of CIOReview, said, “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.”

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Publication date: 4/14/2014

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