This solution illustrates the power of applying next-generation technology innovations such as IoT, smart sensors, big data analytics, and cloud-based software in a connected fashion to take a data-driven approach to solving sustainability problems at enterprise and global levels.
GridPoint’s Energy Management System of hardware, software, and services gives end-users tools for achieving their sustainability goals. Many businesses measure and report carbon emissions but lack insight into ways they can proactively lower energy consumption and emissions. GridPoint addresses this by collecting data from individual energy-consuming assets, providing detailed visibility into a site’s energy profile, and offering intelligent building control.
Low-cost submetering and monitoring sensors collect real-time, granular energy data from assets such as heating, air conditioning, ventilation and cooling, lighting, and refrigeration. The system also collects data about renewable energy sources and environmental conditions. That data is aggregated in a cloud-based software platform called GridPoint Energy Manager, enabling tools like smart alarms, facility diagnostics, and project tracking. The company’s professional services offer customers data-driven insights.
The data GridPoint collects optimizes operational expenses by diagnosing malfunctioning equipment and remotely troubleshooting issues before technicians are dispatched. In addition, GridPoint’s Energy Management System customers can make smarter capital purchases based on real, asset-level consumption data. With a constant feedback loop of real-time data, costumers can adjust dynamically to changing site conditions and combat operational drift to maintain savings over time, the company says.
Deployed at more than 11,000 sites, GridPoint has collected more than 100 billion customer data points and adds 75 million daily. GridPoint’s solutions have saved customers over $250 million in energy expenses, reduced over 3.4 billion kilowatt-hours, and eliminated over 3.1 billion pounds of carbon dioxide equivalent to date, according to the company.
Customers currently include five of the top 10 retailers by total sales, three of the top 10 casual dining restaurants, four of the top 20 quick serve restaurants, leading commercial and industrial enterprises, and major government and educational institutions. National retail customer VF Outlet reported savings of 26% across sites since installation, with some stores reaching 30% individually. GridPoint’s EMS has enabled VF Outlet to significantly reduce operating costs.