Energy management system firm GridPoint has partnered with CDP, becoming the carbon reporting organization’s only carbon reduction partner.
Every year, major corporations, including the majority of S&P 500 companies, disclose their carbon emissions by responding to a thorough questionnaire with sections outlining specific carbon reduction goals and initiatives as well as the action steps planned to accomplish them in the near future. While many companies use billing data to determine how these goals are tracking, utility bills lack the granularity and real-time insight necessary to understand exactly how energy is being consumed and how operations can be improved, GridPoint says.
The company says its submetering, monitoring and data-driven building control products solve this by collecting data from individual energy-consuming assets and pushing that data into a cloud-based software platform called GridPoint Energy Manager, which provides detailed visibility into a site’s energy profile and enables users to intelligently control their portfolio from a common EMS system. This system complements CDP’s investor-led carbon action initiative, designed to advance companies’ carbon reduction activities while delivering a favorable return on investment.
With intelligent controls in place, enterprises can achieve energy savings up to 30 percent with an 18- to 36-month payback, GridPoint says.