GridPoint Closes $75M Strategic Investment From Goldman Sachs

“We are now delighted to work closely with Goldman’s Sustainable Investing Group and Shell Ventures in this next, important chapter of GridPoint’s growth.” “GridPoint is an ideal fit for the climate and sustainability goals of our business and we believe the addressable market is massive with over 30 million commercial buildings under 200,000 square feet across the world,” said Vikas Agrawal, managing director within Goldman Sachs Asset Management. “By leveraging extensive data, automation and controls to continuously optimize building assets, GridPoint’s platform provides immediate energy savings to customers and a gateway to integrating additional grid-interactive assets like EV chargers, generators, and storage.” Shell’s global corporate venture capital arm, Shell Ventures, is dedicated to advancing innovative technologies and new business models that have the potential to accelerate the energy transition. It partners with companies that help lower emissions, electrify the energy system, increase data-based insights and provide innovative solutions. Browse The Complete News About Aithority: MiVote Technology Announces Metaverse Platform from Mobile World Congress, Supporting the… “This new investment will be transformational for GridPoint and is particularly timely due to converging trends and major disruptions impacting energy reliability and costs for commercial businesses,” said Mark Danzenbaker, CEO of GridPoint. Funds will be used to accelerate growth by investing in GridPoint’s technology, sales, marketing, delivery, and customer success teams.