GridPoint Acquires ADMMicro, Extending Smart Grid Solutions to Commercial & Industrial Customers
GridPoint, a leading smart grid company, today announced that it has acquired ADMMicro, a leader in energy management systems for the commercial and industrial sector. The acquisition extends GridPoint's smart grid solutions to a broader customer base, further strengthening the company's commitment to transform the distribution and consumption of electricity.
"The smart grid cannot be fully realized without integrating intelligent facilities that are equipped to automatically achieve optimum efficiency," said Peter L. Corsell, CEO, GridPoint. "ADMMicro is an innovative company that has established a leading position in a rapidly expanding market segment. Our respective technologies are highly complementary and will benefit producers and consumers of electricity across the board."
ADMMicro helps clients cost-effectively manage their facilities to increase energy efficiency. The Roanoke, Va.-based company's energy management and submetering systems automatically monitor and control energy consumption, including HVAC systems and lighting, and provide customers with online reports.
ADMMicro's proven Commercial and Industrial systems, which are in use at thousands of sites nationwide, will enhance GridPoint's portfolio of software solutions, which aggregate and manage distributed sources of load, storage and generation for utilities and their residential customers. GridPoint's software allows utilities to efficiently balance supply and demand and improve grid reliability and empowers consumers with user-friendly tools to manage energy consumption.
The utility market remains a core focus for GridPoint, which will continue to develop products and services that redefine relationships between utilities and their customers. For example, the extension of GridPoint's solutions into the Commercial and Industrial market creates new opportunities for utilities to engage enterprise customers in demand response and load reduction programs.
GridPoint's strength in data analytics and designing user interfaces will further enhance ADMMicro's energy management offerings by enriching the experience for customers, which include public sector and Fortune 500 businesses, including leading national retail, pharmacy and restaurant chains.
"Our companies have a closely aligned vision, which involves empowering our customers with visibility and control over energy consumption in order to realize savings and lower their carbon footprint," said Don Howell, CEO, ADMMicro. "We look forward to participating in GridPoint’s exciting mission to enable the smart grid."
GridPoint is working with utilities nationwide including Austin Energy, Duke Energy, Sacramento Municipal Utility District (SMUD) and Xcel Energy. The company’s interoperable enterprise-class server technology enables utilities to rapidly integrate and manage emerging technologies, resulting in a practical path to developing a clean, efficient 21st century grid.