New metrics analyzing total customer impacts in 2021 translate to more than $100M in energy cost savings and 1.4B lbs. of carbon emissions avoided
RESTON, Va., April 20, 2022 /PRNewswire-PRWeb/ -- GridPoint, a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization, announced new metrics that demonstrate the overall impact of the company's technology in customer locations throughout 2021. Serving more than 15,000 commercial sites, GridPoint's platform was adopted at more locations than ever before last year, generated cumulative energy savings of more than $100 million for customers, and eliminated 1.4 billion pounds of carbon dioxide equivalent (CO2e) emissions. The impact of last year's CO2e reductions is equal to 202,000 tons of waste recycled or 71 million gallons of gasoline not used, according to the U.S. Environmental Protection Agency.
GridPoint also experienced substantial growth in participation by its customers in automated demand response programs, achieving a nearly 200% increase in grid capacity under management in 2021 vs. 2020. Drivers of growth include today's landscape of increased energy costs, issues with grid reliability, more frequent power disruptions, and intensified extreme weather events. The dramatic increase in demand response participation substantiates the collective benefit of grid-interactivity for both commercial businesses and the grid.
"Every company has reason to celebrate the progress toward a more sustainable future, but for GridPoint, the impact is especially meaningful as our growth correlates significant reductions in energy consumption and carbon emissions to dollars saved for our customers," said Mark Danzenbaker, CEO of GridPoint. "Small and mid-sized commercial buildings are often overlooked as opportunities when it comes to reducing greenhouse gas emissions and other efforts toward sustainability. The compelling achievements of our customers are a clear indication that greener commercial buildings should continue to be leveraged as an important grid resource and as a driver of cost savings and emission reductions."
Walgreens, for example, has leveraged GridPoint's platform to manage energy and optimize its buildings since 2009. Together with GridPoint, Walgreens has reduced emissions by over 80 million kWh annually. Walgreens also participates in demand response programs nationwide managed by GridPoint to curtail load and provide reliable on-demand capacity back to the grid, while keeping essential zones, like the pharmacy, functioning normally.
In 2021 GridPoint partnered with the Meritage Hospitality Group and is deploying its technology platform across 345 restaurant locations for one of the largest Wendy's franchise entities.
Additionally, GridPoint added three new utility energy efficiency and five new demand response programs in 2021, bringing the total utility program portfolio to over twenty, and plans to announce more in the coming months. The programs are designed to help utilities better engage with their commercial business customers and provide greater value to them through energy efficiency, demand response, and decarbonization. Many utilities have approved GridPoint as an efficiency measure and offer significant incentives and rebates to commercial customers to deploy the GridPoint technology platform, including Hawai'i Energy. With energy prices at unprecedented highs in Hawaii, Hawai'i Energy is providing qualified businesses with a 50% rebate to deploy GridPoint's smart devices and building controls to help their customers save money on energy and better control their electric demand.
About GridPoint
GridPoint is a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization. GridPoint's data-driven platform connects energy grids with the built environment and behind-the-meter distributed energy resources, enabling the ability to optimize energy and sustainability goals for businesses and the grid at the same time. GridPoint's technology platform is deployed in 15,000+ commercial buildings across multiple industries. Leveraging data analytics, intelligent automation and machine learning to deliver unprecedented visibility into complex building operations, GridPoint reduces energy costs, maximizes decarbonization, provides actionable facility insights, and strengthens resiliency – building by building. Networked together, buildings with GridPoint IntelligenceTM aggregate the reliable, precise and instantaneous capacity that energy grids increasingly require. GridPoint's intelligent energy network of buildings is driving grid modernization and accelerating the transition to a sustainable energy future. For more information, visit https://www.gridpoint.com.
Media Contact
Elizabeth Buccianti, Gabriel Marketing Group (for GridPoint), 407-463-8865, [email protected]
SOURCE GridPoint
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