GridGlo sells software and services that help utilities see how and why customers—primarily homeowners—use electricity in real time and provides an Energy People Scoring Mechanism (EPM) intended to benchmark customer energy behavior. The EPM aggregates four criteria—consumption, efficiency, engagement and predictability—and GridGlo says it starts with roughly 1,300 data criteria to model customers. The company focuses strictly on serving utilities rather than offering consumer-facing apps, and its models infer household attributes (e.g., household size, square footage, rooftop solar, vehicle type) to explain usage patterns. GridGlo is still in a proof-of-concept phase and the CEO, Isais Sudit, acknowledged the company cannot yet provide firm evidence that its EPM will change customer behavior. Financially, GridGlo recently received a $1.2 million seed investment from New York research firm CUBRC and established a strategic partnership with that investor. The company hopes the EPM will become a standard metric for utilities akin to a FICO-style score for energy.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

May 2011