GridPoint, an energy management and optimization technology company based in Reston, has secured a credit facility of up to $150 million from HASI, an investor in climate solutions. The investment will enable GridPoint to extend its services to small and midsize commercial businesses with the aim of helping them improve energy efficiency and reduce their carbon footprints.
GridPoint’s platform collects data from sensors and other sources for analysis of energy usage patterns, identification of inefficiencies, as well as assessment of building health. Already serving national brands such as Walgreens, Chipotle & Panda Express; the company has achieved significant savings on energy costs while reducing carbon emissions for its customers. The funding will accelerate adoption rates for this type of technology with Gridpoint aiming to expand deployment across 100000 sites within the next few years.
This new financing is set to revolutionize how businesses manage their buildings’ operations by providing accessibly priced tools that can help reduce both operational costs & environmental impact simultaneously – all while keeping occupants comfortable!
