According to Craton Equity Partners Managing PartnerBob MacDonald, the company has made an undisclosed capital commitment to GridPoint, Inc. (Arlington, VA). GridPoint is a leading smart grid company whose software platform benefits electric utilities, consumers and the environment. Grid-Point is working with investor-owned utilities such as Duke Energy and Xcel Energy to provide smart grid solutions including energy efficiency, load management, renewable energy management, energy storage management and EV management. MacDonald added, "The GridPoint platform applies information technology to the electric grid to provide utilities with an intelligent network that controls load, stores energy and produces power. The platform also offers utilities a single interface for managing distributed energy assets, including plug-in electric vehicles, solar panels, wind turbines, advanced batteries and household devices such as thermostats and electric water heaters. During peak periods, utilities can efficiently balance supply and demand by discharging stored power from distributed generation assets or reducing customers' non- essential loads."
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