Gridium’s distributed energy resource (DER) management technology, used by buildings to navigate the energy transition, can deliver around 40% savings while requiring zero capex
SAN FRANCISCO – February 8, 2021 – Gridium was recognized in the Efficient Fifty Private Companies List from JMP Securities, honoring innovative companies in the industrial and energy technology industries. This is the second year in row that Gridium has made the selection.
“Our analysis reveals an unmistakable shift in capital market sentiment and it’s exciting to see the value delivered by the selected companies earn this new attention,” said Joseph Osha, Managing Director and Senior Research Analyst at JMP Securities. “Gridium’s energy analytics and creative financing tools mean relief for strained capital budgets, reductions in carbon emissions, and meaningful increases in building value.”
For example, one recent efficiency development project in California leveraged the Normalized Metered Energy Consumption savings quantification protocol and a new pay-for-performance utility transaction program to sell harvested efficiency resources to the Grid. The project included a makeup air unit retrofitted with two high-efficiency motors and controls to precisely match fan speeds to ventilation demands. A hydronic heat boiler controller was installed, enabling outdoor air resets and sequencing control strategies that produce energy savings. And the project upgraded the remaining 50% of interior lighting to high-efficiency LED lights, providing higher-quality light at about 40% of the energy. Annual energy costs will be dropped by $0.26/sf.
The NMEC protocol measures savings over time, allowing payments to be made in real time as the efficiency resources are delivered to the electric grid. In effect, the utility buys energy efficiency from the building as though it were buying renewable energy generated from a wind turbine installed on the roof.
Commercial buildings account for around 20% of the nation’s energy use, spending about $158 billion on energy every year. “The push from mandates and the pull from societal interest in ESG and the recognition of long-term climate risks are changing investor decisions across the market, from public mutual funds and private venture capital and family investment offices,” said Joe Aamidor, Managing Director of Aamidor Consulting. “There’s a tremendous opportunity in commercial buildings to improve performance for all stakeholders by dropping energy costs, decarbonizing, and boosting the experience for occupants and operators.”
Buildings across the country, including some of the largest REITs and technology firms, use Gridium to manage their energy use. “Corporate leaders are quickly moving from identifying climate change as a fundamental business risk to seeing it also as an opportunity for distinguished action,” said Tom Arnold, CEO at Gridium. “Leading building owners and operators are already making progress, and it’s a privilege for Gridium to partner with them. There’s much work to do as the energy transition unfolds, it’s going to be a challenge but we’re here to make it happen.”
JMP Securities evaluated more than 300 companies in the process of identifying the leading 50 companies in industrial and energy technology. Market segment categories include Mapping and Sensors, Energy Management and Technology, Food Water and Air, Transportation Technology, and Logistics and Efficiency.
About Gridium Inc.
Buildings use Gridium to navigate the energy transition by improving efficiency, financing retrofits, and streamlining operations. All told, the company directly serves about 300 million square feet of buildings across the United States, and with Gridium, these buildings save millions of dollars on electricity, gas, and water utility bills, reduce their carbon emissions, and data-drive their sustainable operations.