DELRAY BEACH, Fla.--(BUSINESS WIRE)--GridGlo, LLC., a startup specializing in data fusion and the development of smart grid applications, today publicly launched the Company and a first-of-its kind platform for turning disparate energy data into breakthrough solutions for utilities. As part of the launch, GridGlo also announced a strategic partnership with, and $1.2 million capital raise from, CUBRC, a Buffalo, NY-based research organization with deep data fusion expertise developed over decades serving the Department of Defense and other Government agencies.
GridGlo’s new cloud-based, platform-as-a-service (PaaS) solution aggregates petabytes of advanced metering infrastructure (AMI) data and analyzes it by applying proprietary algorithms and advanced data fusion processes. Data fusion is the science of combining disparate sources of data to develop inferences and continually refine them, and GridGlo is the first to leverage this approach to derive novel insights from energy consumption data. GridGlo enriches usage data with consumer behavioral, demographic and premises-specific information, providing new ways for utilities to drive customer engagement and forecast, segment and monetize their market opportunities.
One of the first applications GridGlo has developed with this approach is the Energy People Meter (EPM), a FICO-like score for energy consumers. An EPM score is a real-time digital fingerprint of a customer’s energy behavior. EPM scores range from 1 to 1000, with a higher score reflecting a user who consumes energy efficiently, has predictable consumption patterns, and is actively improving his or her energy consumption behavior.
GridGlo and its utility partners are also testing a number of other applications, such as a forecasting tool to reliably predict demand on an individual-premise basis and a demand response scenario builder to predict the impact of future demand response events. In addition, GridGlo is testing a risk management tool for identifying potential abandonment, energy theft, and consumer financial health.
“The smart grid today is like the wireless industry of the early 2000s – a market of great latent potential nearing an inflection point,” said Isaias Sudit, founder and CEO of GridGlo. “With reams of data constantly being generated by AMI and other smart grid systems, we see tremendous opportunity in unlocking the value of that data and know we have the right technology and approach to do so.”
Added Michael Moskal, Vice President & CIO at CUBRC: “GridGlo came to us with the idea that data aggregation combined with data fusion could transform the energy industry and accelerate the development of a new class of smart applications for the smart grid – we agreed. The Company’s platform has already attracted the interest of major utilities, and its open standard, API-based approach is right for fostering the developer ecosystem and fueling the creation of innovative new applications.”
GridGlo brings together an experienced management team led by Isaias Sudit, a seasoned executive and entrepreneur who has built four businesses in the data aggregation industry, most recently in location-based services. Sudit is joined by industry veterans Richard Viens in the role of CFO/COO and Luis Amat as CTO.
About GridGlo
GridGlo® is a private company providing insights into energy consumption. Based in Delray Beach, Florida, we work with utilities, OEMs, application developers and other customers to integrate consumer behavioral data with energy consumption data. Our core strengths are data fusion, data aggregation, algorithm development, and scoring matrices. We have developed a proprietary software platform that can identify, score, and predict energy consumption behavior. Our platform allows us to create many dynamic applications that provide insights into the behavior of all smart grid players from the utility to the consumer. We have also created an open, secure privacy-centric ecosystem to share our tools and promote the creation of killer apps by third-party application developers. For more information, please visit: http://www.gridglo.com.
About CUBRC
CUBRC is a nationally recognized leader in data aggregation and data fusion techniques. As a not-for-profit (501(c)3) research and development corporation based in Buffalo, New York, CUBRC’s primary business is Research, Development, Testing and Integration of systems for Government and commercial customers in Defense, Space, Intelligence, Public Health, Transportation and Infrastructure markets.