GridPoint Inc., a leading clean technology

Clean technology

Clean technology includes recycling, renewable energy , information technology, green transportation, electric motors, green chemistry, lighting, Greywater, and many other appliances that are now more energy efficient. It is a means to create electricity and fuels, with a smaller environmental...

 company, has developed an innovative smart grid platform which allows utilities to efficiently balance electricity

Load balancing (electrical power)

Load balancing refers to the use of various techniques by electrical power stations to store excess electrical power during low demand periods for release as demand rises....

 supply and demand.

The platform’s modular, scalable and upgradeable architecture enables utilities to deploy proven technologies, (e.g., load control devices and advanced batteries) while creating a practical path for integrating new technologies (e.g., plug-in hybrid electric vehicles and fuel cells). For consumers, the platform provides protection from power outages, increases energy efficiency

Efficient energy use

Efficient energy use, sometimes simply called energy efficiency, is the goal of efforts to reduce the amount of energy required to provide products and services. For example, insulating a home allows a building to use less heating and cooling energy to achieve and maintain a comfortable temperature...

 and assists renewable energy commercialization

Renewable energy commercialization

Renewable energy commercialization involves the deployment of three generations of renewable energy technologies dating back more than 100 years. First-generation technologies, which are already mature and economically competitive, include biomass, hydroelectricity, geothermal power and heat...

. Gridpoint was selected by the World Economic Forum

World Economic Forum

The World Economic Forum is a Swiss non-profit foundation, based in Cologny, Geneva, best known for its annual meeting in Davos, a mountain resort in Graubünden, in the eastern Alps region of Switzerland....

 in 2008 to receive the Technology Pioneer award.

GridPoint has acquired V2Green.