by Brianna Crandall — October 11, 2019 — GridPoint, a smart buildings technology innovator, recently announced an investment by Hannon Armstrong, an investor in climate change solutions, that allows GridPoint to offer a more accessible behind-the-meter energy efficiency solution for small to mid-sized buildings.
GridPoint will now offer its award-winning energy management platform as an all-inclusive service, requiring zero capital down with a monthly pricing structure. This go-to-market strategy eliminates the financial hurdles associated with up-front costs and enables customers to deploy the platform at multiple locations with more impactful energy and emissions savings from day one, says the company.
GridPoint’s Energy Management as a Service (EMaaS) approach combines installation, equipment, software and service costs into a bundled monthly payment that is designed to be significantly lower than the energy savings the solution provides. As part of the agreement, Hannon Armstrong will provide long-term financing for EMaaS projects across GridPoint’s clients’ distributed portfolio of sites.
GridPoint CEO Mark Danzenbaker pointed out:
High up-front capital costs have been a long-time hurdle when selling energy and demand management technology to businesses. The synergies between GridPoint and Hannon Armstrong enable our technology to be more accessible while creating a greater carbon emission reduction and energy savings impact for customers.
Building optimization made simple
GridPoint’s platform captures energy and facility data from buildings to better understand patterns, identify inefficiencies, and assess building health across enterprises. GridPoint Energy Manager software then makes the data actionable by leveraging controls and automation tools to optimize energy and facility operations, save money, and reduce the greenhouse gas emissions from buildings that accelerate climate change.
GridPoint’s flexible and expandable platform also enables customers to participate in utility-based programs, like demand response, and integrate with other distributed energy resources (DERs) to achieve greater value and support a more reliable and resilient grid.
For more information about the GridPoint platform, visit the company’s website. The platform is installed in over 15,000 locations, including Fortune 500 enterprises, small businesses, government organizations and industrial complexes, and has reportedly reduced over 5.6 billion kWh to-date.