GridPoint’s Smart Building Solution is an energy management-as-a-service (EMaaS) that aims to help users reach sustainability goals affordably. By collecting data at the equipment-level, GridPoint provides detailed visibility into a site’s energy profile. This real-time, granular data combined with GridPoint Energy Manager software, IoT applications, and energy services allows users to automate and control sites, lower their energy expenditures, and proactively manage day-to-day operations.
The data GridPoint collects optimizes operational expenses by diagnosing malfunctioning equipment and remotely troubleshooting issues before technicians are dispatched. Savings are generally achieved through the implementation and centralized management of temperature set points, lighting schedules, and override thresholds for maximum savings and customer comfort. In addition to standard scheduling functionality, GridPoint’s patented algorithms adjust building operations to changing site conditions and proactively optimize energy consumption. Intelligent controls also minimize operational drift.
GridPoint’s EMaaS combines costs into one monthly payment that the company says is typically less than the energy savings produced. GridPoint owns the equipment throughout the term, eliminating maintenance and repair responsibility for the customer.
Customers include four of the top 10 retailers by total sales, three of the top 10 casual dining restaurants, five 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. According to GridPoint, customers saved over $300 million in energy expenses, reduced over 4 billion kilowatt- hours, and eliminated over 3.7 billion pounds of carbon dioxide equivalent to-date. Deployed at approximately 12,000 sites, GridPoint has collected over 100 billion customer data points and adds 90 million daily.