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Do you know how much you spent on energy last week? Is next week's purchase going to be bigger or smaller? Are you on the right rate plan? Which of your buildings perform best? Which ones are lagging?
Managing your energy spend seems easy enough. But if you've got more than a few meters, you know how hard it is to get a consolidated view of your operations. Inconsistent billing periods, fluctuating weather, shifting occupancy – suddenly a simple month-on-month comparison doesn't seem so simple.
You may already have a smart meter and not even know it. If you're on a time-of-use rate, chances are your utility is taking a meter reading every 15 minutes.
That means you've gone from 12 energy use data points per year...to 35,000.
That data is incredibly valuable. It's also a bit daunting. And don't forget your billing data, with peak pricing charges, demand response rates, ratchets, capacity reservation thresholds, and block purchases.
Managing your energy spend used to be pretty simple. Times have changed. If you're used to tracking kilowatt-hours, you may be surprised to learn how much of your bill now consists of demand charges.
As utilities seek to manage capacity on the grid, customers are being asked to share not just the expense but also the risk of delivering reliable electricity supply. Demand charges may make up 30% or more of your costs. By smartly managing your peak energy use, you can deliver big savings to your organization.
Complex rate structures and an explosion of data represent not just a challenge but an opportunity. Statistical analysis techniques can yield tremendous insights into how your buildings operate and where the best opportunities for savings lie.
Coupled with information about your rate structure, you can find the break points where simple changes yield the biggest savings. You can distill those tens of thousands of data points into the handful of pieces of information that actually matter, allowing you to save not just energy and money but also time.
Many energy management solutions promise to bury you in charts and graphs, as though that's a good thing. You don't need more information, you need better insights.
Which buildings need attention right now? Which problems can you catch before they become expensive? Which improvements will yield the biggest savings at the lowest cost? The ideal energy management solution will deliver answers to these questions – and cut out the fluff.
your energy data
mean lower cost
By taking weather
Or better yet,
before they occur
Gridium understands energy. And not just kWh. Gridium ties together your energy use, energy demand, tariff information, local weather data, and site information such as the square footage and occupancy of your buildings to provide a complete picture of your operations.
This integrated view helps you benchmark and manage your energy use. More importantly, it allows you to identify and predict events that require your attention, so you can focus on the stuff that matters and ignore the stuff that doesn't.
Chances are demand charges make up an increasing proportion of your energy spend – 30% or more for many commercial and industrial users. When a single spike can set your cost for the entire month, demand management becomes a priority.
Gridium not only helps you understand your past demand; we help you predict future periods of peak demand based on environmental factors and your building's typical behavior. Combined with knowledge of your rate plan, this predictive power allows you to manage demand to the dollar.
No two billing periods are alike. Fluctuating weather drives your heating and cooling loads. This variation makes it tough to track changes in a building's energy use over time. Comparisons between buildings in different geographic areas are even harder.
Gridium models your building's behavior to account for factors like weather and occupancy and reveal the true underlying trend in energy use. Such information is essential to understanding the effectiveness of your efficiency projects, tracking performance against budget, and benchmarking the buildings in your portfolio.
Is your HVAC system running hard in the middle of the night? Is your building's morning start causing expensive demand spikes? Is your base load suspiciously high? Gridium answers these questions and puts a dollar value on them. Armed with this info, you can prioritize your energy management efforts and communicate more effectively with stakeholders such as occupants and owners.
Gridium also offers the power of prediction. Our model of your building's behavior, combined with real-time weather forecasts and billing data, warn you of trouble before it happens.
Gridium taps into the data available in your online utility account. Even if you aren't currently using your utility's web site, your energy data is there. And even if you don't think you have a smart meter, you very well might.
Gridium accesses your data securely and makes reports available to you via our web site. No software to install, no hardware to deploy. You'll be up and running in minutes. And then the real savings – in both money and time – begin.
Who we are
Founders Tom Arnold and Adam Stein began Gridium with a simple question: why does managing energy have to be so hard?
More precisely: why do so few energy managers make use of the sophisticated analytic tools that have been developed for understanding and optimizing energy use in buildings? Thanks to smart meters, more data is freely available than ever before, but practices in the industry have barely changed to reflect the new reality.
The past few years have seen a boom in friendly, low-cost web applications that put enormous computing power in the hands of consumers. Can some of that same innovation be brought to bear on energy efficiency? Can we build software for energy managers that is not just helpful, but even enjoyable to use?
That's our challenge. With our new company, our goal is to complete the promise of the smart grid by putting actionable insights into the hands of as many energy managers as possible.