GridPoint Acquires Energy Management Company ADMMicro

Smart Grid technologies software leader GridPoint has acquired energy management company ADMMicro, a move that the CEOs of both companies praised as a solid marriage of complementary technologies and visions. The acquisition extends GridPoint's customer base to include commercial and industrial sectors.

"The Smart Grid cannot be fully realized without integrating intelligent facilities that are equipped to automatically achieve optimum efficiency," said Peter L. Corsell, GridPoint CEO. "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."

Don Howell, ADMMicro CEO, mirrored Corsell's comments. "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. We look forward to participating in GridPoint's exciting mission to enable the Smart Grid."

ADMMicro works with clients to help them cost-effectively manage their operations 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 also generate online reports for customers.

Howell and ADMMicro's management group are veteran electrical engineers and utility executives who have worked in energy management, building management, power monitoring and retail operations for more than 25 years.

ADMMicro's commercial and industrial systems will enhance Arlington, VA-based GridPoint's portfolio of software solutions, which aggregate and manage distributed sources of load, storage and generation for utilities and their residential customers. GridPoint software gives utilities the ability to efficiently balance supply and demand, improve grid reliability and allows electricity consumers with user-friendly ways to manage their energy use.

   Quick Take: This is more evidence that the world is rapidly heading to the "distributed resources" paradigm.

   GridPoint news release

   GridPoint profile on SGN