Leveraging the SMB portfolio to position as a full-service aggregator

RESTON, Va.–(BUSINESS WIRE)–GridPoint,
a smart buildings technology innovator, today announced the launch of an
OpenADR 2.0 certified, automated demand response (DR) program available
to customers and various partner networks nationwide. GridPoint’s
flexible solution can support direct utility programs, act as the
aggregator, or integrate with other DR aggregators based on customer
preference. This program adds one of many additional layers of value
that GridPoint is focused on bundling, on top of energy reduction
savings, in response to 21^st century energy needs. By value
stacking solutions together into one platform, GridPoint is creating a
foundation that can be built upon and integrated with new technologies
as society adapts to changing energy needs and standards in the future.

GridPoint bridges the gap between utilities, partners, and customers to
make demand response simple. While GridPoint has historically
participated in DR programs on behalf of customers, this launch
consolidates participation on a new platform that is modular, flexible,
and more scalable for a greater variety of programs. This full-service
approach is designed to increase adoption of demand response, within
traditional and new markets, to better support energy supply challenges,
energy savings, and sustainability goals. Traditionally large buildings
have been the main source of load curtailment during an event, now
GridPoint’s automated DR program paired with reduced energy costs and
utility rebates makes it easier, and more worthwhile, for customers with
smaller, or fewer, buildings to participate and contribute to a more
flexible grid.

Granular data collected by GridPoint’s platform paired with powerful
algorithms, analytics, and building controls provides real-time
visibility on the load profile, and availability of flexible load, to
manage peaks and stabilize the grid. “On the customer side, this means
greater savings built upon the success of traditional energy management
programs through incentives and rebates,” says Deepak Budhiraja VP,
Product Management at GridPoint. “On the utility side, this enables a
new reliable load source provided by the underserved SMB market. With
more buildings enrolled in these programs, utilities are better able to
shape, shift, and manipulate loads when the grid is stressed.”

A custom DR strategy is created for a customer based on goals and
asset-level data, then the customer is enrolled in best-fit programs
through GridPoint’s vast network of utilities and partners. When an
event is dispatched by a utility, the customer is notified, and load
curtailment is automated through GridPoint’s platform. Facility and
energy managers are able to monitor the event in real-time through
notifications and cloud-based software GridPoint Energy Manager, and are
also able to view trended data post-event to measure success & validate
projects.

To learn more about GridPoint’s demand response program visit www.gridpoint.com/demand-response

Contacts

GridPoint
Media Contact:
Katie O’Shea
[email protected]
(703)
667-7051