GridPoint is targeting 2 GW of distributed battery storage across more than 20,000 commercial buildings
Battery storage could provide up to 15% in additional energy bill savings at qualifying sites, according to the company
The planned expansion adds energy storage and backup power capabilities to GridPoint’s existing building control and energy management services
US-based GridPoint, Inc., a provider of energy management and building control solutions for commercial facilities, plans to add 2 GW of battery energy storage systems (BESS) across its existing network of more than 20,000 buildings.
The company cites rising electricity costs as one reason behind this move. The company says commercial electricity rates across its customer sites have risen by 42% over the past five years. Growing power demand from AI data centers and manufacturing is further pressuring the US electricity grid. For commercial users, battery storage offers a way to manage electricity costs and use available power more effectively.
GridPoint already monitors and controls electricity consumption across commercial buildings. Its platform covers heating, ventilation, and air conditioning (HVAC), refrigeration, lighting, and other electrical loads. With batteries added to these systems, the company will also be able to manage electricity consumption and storage while controlling the building’s power use.
For its customers, this means storing electricity when prices are low and using it when rates are higher. It can also help reduce peak demand and the associated charges on electricity bills. Depending on the site and available utility programs, stored energy and battery capacity could also be offered to the grid, providing an additional revenue stream.
GridPoint estimates that battery storage could bring up to 15% in additional energy bill savings at qualifying sites. This would be on top of the approximately 20% savings its customers typically achieve through the existing platform. The company reported 1,699 weather-related outages across its customer locations in 26 US states over the past year. During such outages, customers can also use on-site batteries as backup power.
The company has not yet provided a deployment timeline for the planned storage capacity. For now, the announcement signals an expansion of its existing energy management offering, bringing building controls, electricity consumption management, and on-site storage under the same platform.
