Los Angeles, CA, March 10, 2009 — Craton Equity Partners, a clean technology fund, has made an undisclosed capital commitment to GridPoint Inc., an Arlington, Virginia-based smart grid company whose software platform is designed to benefit electric utilities, consumers and the environment.
GridPoint’s platform provides smart grid solutions including energy efficiency, load management, renewable energy management, energy storage management and electric vehicle management.
“GridPoint is not only participating in what has emerged as a major market for energy efficiency and conservation, but has actually helped to create the market that exists today,” said Bob MacDonald, a managing partner of Craton Equity Partners.
Smart grid technology is increasingly being recognized for its potential to work synergistically with the expansion of renewable energy generation and distributed generation. Craton expects that any substantial growth in clean energy production or funding to energy efficiency initiatives will consequently create opportunities in the space.
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