Energy Points
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| Industry | Enterprise Energy Management |
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| Headquarters | Boston, MA, U.S. |
Key people | |
| Website | N/A[1] |
Prior its acquisition in 2015, Energy Points was a privately held source energy intelligence company. Its SaaS platform, no longer in use by Lux Research, measured energy use from its source through the site of consumption. By measuring what is known as "source energy," the company is able to convert all energy sources, including water, electricity, fuels, and materials, into a single common unit.[2]
History
[edit]Energy Points was founded in May 2011 by Dr. Ory Zik and Roy Stein and is based in Boston, Massachusetts.
In December 2011, the company secured $3 million in Series A financing from U.S.-based Plan-B Ventures before formally launching in February 2012.[3]
In April 2014, it was honored as one of the top five of the top 10 in The Wall Street Journal's rankings of The Next Big Thing in Clean Tech and invited to pitch at the ECO:nomics conference.[4]
Energy Points was acquired by research and advisory firm Lux Research in February 2015[5] Lux Research is a spin-off of Lux Capital.
Product
[edit]The company's product, Energy Points Analytics, takes enterprise's on-site energy consumption data and maps it to its database of geospatial source energy data. Mathematical models process this data and generate source-to-site energy analytics, which can be viewed in the Energy Points portal or integrated with 3rd-party dashboards and services.[6]
Science and technology
[edit]The Energy Points platform uses proprietary algorithms, coupled with geospatial and temporal databases to convert all domains (water, electricity, transportation, etc.) into the amount of primary energy (crude oil) embodied in one gallon of gasoline[7] in order to help companies calculate and communicate their resource consumption in a comprehensive way.[8][9][10]
Energy Points’ methodology is based on three principles:
- Resources such as electricity, water, fuels, and materials can be measured as energy;
- The energy we use must be measured from its source; and
- Source-to-site energy analysis should incorporate environmental externalities.[citation needed]
References
[edit]- ^ "Lux Research Acquires Resource Data and Analytics provider Energy Points," (February 26, 2015); http://www.luxresearchinc.com/news-and-events/press-releases/read/lux-research-acquires-resource-data-and-analytics-provider#sthash.4Vofy7aQ.dpuf Archived 2016-02-15 at the Wayback Machine
- ^ “Measuring energy,” Archived 2014-04-08 at the Wayback Machine By: Kirk Kardashian, Fortune Magazine, Feb. 6, 2014
- ^ "Energy Points Harnesses $3M, Wants to Create Sustainability Standard". Xconomy. Archived from the original on April 24, 2012. Retrieved April 27, 2012.
- ^ "ECO:nomics FRIDAY, APRIL 4, 2014". The Wall Street Journal. Archived from the original on January 12, 2014. Retrieved April 4, 2014.
- ^ "Lux Research Acquires Resource Data and Analytics provider Energy Points," (February 26, 2015); http://www.luxresearchinc.com/news-and-events/press-releases/read/lux-research-acquires-resource-data-and-analytics-provider#sthash.4Vofy7aQ.dpuf Archived 2016-02-15 at the Wayback Machine
- ^ "How It Works". Energy Points. Archived from the original on 2014-04-08.
- ^ “The Sustainability Babel Fish,” Archived 2023-08-13 at the Wayback Machine By Nalin Kulatilaka and Ory Zik: Social Science Research Network, May 24, 2011
- ^ “All Sustainability is Local,”[permanent dead link] By Elisa Wood, Real Energy Writers: Energy Efficiency Markets Blog, March 15, 2012
- ^ “A Tale of Two Desks: Integrated Reporting and the Road to Environmentally, Financially Sustainable Success,” Archived 2012-10-19 at the Wayback Machine By Ory Zik: Triple Pundit, May 30, 2012
- ^ “Apples to Apples: Comparing Sustainability Projects' Cost And Environment Benefits,” Archived 2016-03-03 at the Wayback Machine By Erica Gies, Forbes: Green Tech, May 29, 2012