GridMarket | Top 20 Artificial Intelligence Solutions Company - 2023
GridMarket: Leveraging AI to Facilitate Decisions in the Clean Energy Space
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CIOREVIEW >> Artificial Intelligence >> GridMarket

GridMarket has been recognized by CIOReview Magazine as the recipient of “Top 20 Artificial Intelligence Solutions Companies - 2023,” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the CIOReview research and editorial team based on insights from an interview with Nick Davis, CEO.

GridMarket
Leveraging AI to Facilitate Decisions in the Clean Energy Space

GridMarket

Powering cities and businesses with clean energy isn’t a pipe dream. It’s an achievable goal and we have the data and technologies to make it happen.

Buildings are using data to become more sustainable and energy efficient. However, the sheer volume of data collected from disparate sources can be overwhelming for property owners who want to add renewable solutions to their portfolios. Making informed decisions by manually processing and synthesizing this data requires tremendous time and resources.

Enter GridMarket.

By leveraging artificial intelligence (AI), machine learning algorithms, and proprietary analytics, the GridMarket platform processes trillions of data points ingested from partners, customers and proprietary and publicly available datasets worldwide to help property owners accelerate their clean energy projects and execute them more cost-effectively.

Nick Davis, CEO of GridMarket, says, “By turning data into actionable insights, we help customers efficiently and costeffectively increase renewable energy in their portfolios and meet their net-zero goals.”

With GridMarket, customers can make critical decisions faster using a tool that has analyzed over 700 million properties around the world for distributed energy resources (DER) potential.

The GridMarket Platform enables the automated analysis of thousands of properties within a territory or across a company’s portfolio to determine what clean energy assets to install, the estimated return on investment, and how to navigate potential barriers. The platform also provides information about financial, environmental, and operational benefits, then connects customers with top-tier vendors and suppliers who provide the best-fit products and services based on the project parameters.

It would cost companies between six and seven figures to manually generate the data analysis provided by GridMarket’s AI. The accuracy AI provides is just as crucial as speed and cost-effectiveness, and the vetted data continuously feeding GridMarket’s system ensures that level of accuracy. The ultimate goal is to help customers complete clean energy projects faster, more cost-effectively, and with more confidence.

Regularly updating the platform through AI crawlers and data scraping ensures GridMarket’s data is as up-to-date and accurate as possible.

The platform can batch interpret large numbers of properties, processing terabytes of data points to quickly develop an in-depth understanding of each individual property or land parcel. Therein lies one of GridMarket’s main differentiators; where other solutions require customers to provide large amounts of data and information in order to begin analysis, the platform can interpret available datasets independently before confirming its findings with clients.

By turning data into actionable insights, we help customers efficiently and cost-effectively increase renewable energy in their portfolios and meet their net-zero goals

The platform and model have many successful proofpoints, including a recent portfolio project with an automotive client looking to meet their energy goals across multiple locations. The client was interested in renewable generation and EV chargers paired with battery storage, but did not know how to begin the process or meet economic thresholds. GridMarket examined all of the client’s properties to identify and recommend the best sites for phased installations, distributing the savings and carbon benefits across the entire portfolio via a strategic energy roadmap generated through the platform. The process concluded with GridMarket hosting a competitive RFP and helping the client select the ideal partner(s).

GridMarket calls it “land and expand” and the strategy includes prioritizing a site or sites in a portfolio for rapid initial project deployment, followed by portfolio-wide expansion based on the unique infrastructure, energy, and financing needs of a specific client. The model maximizes savings and scales deployment using data and AI to transform traditional analytics processes.

All of this is made possible through a precise interplay between GridMarket’s industry analytics professionals and its platform engineers. Working collaboratively and continuously integrating new data and findings results in the creation of a flexible platform that caters to the needs of different customers around the world.

As the world battles a global energy crisis, GridMarket aims to use data and AI applications to be one of the strongest foundations supporting a more resilient, cleaner future.

Top 20 Artificial Intelligence Solutions Companies - 2023

Company
GridMarket

Headquarters
.

Management
Nick Davis, CEO

Description
Leveraging deep data, artificial intelligence, advanced analytics, and a digital project marketplace, GridMarket helps customers, utilities, governments, and vendors deploy best-fit solutions to achieve renewable energy goals, enact carbon mitigation and adaption initiatives, and increase resiliency.

Top 20 Artificial Intelligence Solutions Companies - 2023

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