GridGlo, LLC, a Delray Beach, Florida-based newly formed company that specializes in data fusion and the development of smart grid applications, has launched and raised $1.2m in seed funding from research organization CUBRC.
Led by founder and CEO Isaias Sudit, GridGlo has developed a proprietary software platform designed to identify, score, and predict energy consumption behaviour and to create dynamic applications providing insights into the behavior of all smart grid players from the utility to the consumer.
One of the first applications the company has developed is the Energy People Meter (EPM) score, 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.
Along with its utility partners, GridGlo is testing a number of other applications, including:
– a forecasting tool to predict demand on an individual-premise basis, and
– a demand response scenario builder to predict the impact of future demand response events.
The company is also developing a risk management tool for identifying potential abandonment, energy theft, and consumer financial health.