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In this audio-exclusive, host Nico Johnson gets unique behind-the-scenes insight into the strategic investment by two industry giants, Goldman Sachs Asset Management and Shell Ventures, into one of the more well-established building energy management platforms in climatetech - GridPoint.
GridPoint today announced it has closed a $75 million strategic capital raise led by the Sustainable Investing Group within Goldman Sachs Asset Management (Goldman Sachs), with additional participation by Shell Ventures . “Goldman Sachs has been a strong supporter of GridPoint since the company's early days,” said Peter L. Corsell, Chairman & Founder of GridPoint and Global InfraTech Fund Partner at I Squared Capital. “We are now delighted to work closely with Goldman’s Sustainable Investing Group and Shell Ventures in this next, important chapter of GridPoint’s growth.”
Listen in as Nico discusses both the nature of the investment and the new GridPoint that is set to emerge with Peter Corsell. How will the existing business model expand or change? Hear from Melissa Blanken, GridPoint’s CMO, on the renewed vision for this climatetech startup that was indeed ahead of its time. And Nico probes for further clarity as this investment appears to usher in a clear shift in focus from Utilities to their Commercial building customers.
Consider this the official behind-the-scenes story to the Press Release issued today by GridPoint.
Enjoy, and let us know what other questions you still have.
Peter returns to GridPoint (3:49)
Goldman Sachs & Shell Ventures invest in Gridpoint (5:28)
GridPoint's vision (10:24)
What Gridpoint offers (11:28)
Gridpoint's shift in focus (13:01)
Connecting with Gridpoint (17:05)
Wrap up (17:44)
RESOURCES:
Follow GridPoint on LinkedIn, Facebook, YouTube, Twitter and check out their website.
GridPoint is an American clean technology company based in Reston, Virginia, United States. GridPoint is a leader in building energy management and optimization technology that decarbonizes commercial buildings and drives grid modernization. The company provides a software based technology platform for commercial buildings and electric utilities that uses artificial intelligence to manage energy and integrate distributed sustainable energy technologies, including battery storage systems and electric vehicle charging stations, to help decarbonize commercial buildings.
NOTEWORTHY QUOTE:
“Our focus, as we look forward to the next few years is just build the business, build the business, build the business.”
“Our mission is about accelerating the world’s transition to a sustainable energy future.”
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ABOUT THE HOST OF SUNCAST:
Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.
Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.
You can connect with Nico Johnson on Twitter, LinkedIn or email.
If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.