Gravity, the leading enterprise carbon accounting and energy management platform, has officially announced the launch of its Energy Management Marketplace, which is designed to connect Gravity’s customers with a wide range of actionable energy projects, all for the purpose of lowering both their operating costs and carbon footprints.
According to certain reports, the stated platform arrives on the scene bearing an ability to automatically track energy consumption and costs through AI-powered scanning of utility bills, fuel invoices, and other documents, as well as using direct integrations with over 9,000 utility and telematics providers.
Once acquired, it flips the given data for actionable insights before collaborating with customers to identify opportunities that the highest potential in regards to lowering costs and emissions.
You see, the technology quantifies the value of each opportunity upfront, and it does that on the back of prequalifying projects and projections for indicative quotes. Then, Gravity’s in-house energy management team gets to work by matching customers with a network of trusted vendors offering high-quality services at competitive prices.
Such a structured approach, like you can guess, really goes the distance to streamline both decision-making and implementation, thus giving Gravity customers access to fast and low-risk energy efficiency results.
“Our partnership with Gravity has allowed us to mitigate rising electricity costs across our business,” said Chris Beecher, President and COO, Lindsay Precast. “They helped us complete an onsite energy assessment, identify key energy efficiency opportunities, and take actions to reduce energy use.”
Talk about Gravity’s Energy Management Marketplace, we begin from the promise of power factor correction. This translates to how having factor correction hardware in place reduces electricity bills for manufacturers through minimized reactive power consumption.
Gravity also partners with providers, such as McGill Power, to deliver this technology to its customers.
Next up, we must expand upon the platform’s bid to offer demand response enrollment, which makes it possible for companies to earn cash by reducing or shifting electricity use during times of grid stress, high prices, or high emissions.
For the said purpose, Gravity has partnered with Voltus, a leading virtual power plant operator, to enroll Gravity customers into cost- and risk-free DR programs across all nine wholesale power markets in the US and Canada.
Another detail worth a mention is rooted in the offer of solar and battery storage installation. For better understanding, solar and battery energy storage basically provides energy independence, protects from rising utility rates and outages, and unlocks new revenue streams through demand charge reduction and time-of-use optimization.
To make this operation smooth and sound, Gravity works with Engineering, Procurement, and Construction firms (EPCs) to deploy behind-the-meter solutions. Beyond that, Lumen Energy is roped in for conducting feasibility studies across customer sites and make actionable recommendations for project deployments.
On top of that, Gravity will also work with solutions providers like Critical Loop and Viridi Parente to deploy battery storage systems. Critical Loop focuses on integrated power management solutions for industrial sites and temporary power solutions, whereas on the other hand, Viridi Parente happens to be a US-based manufacturer of “fail-safe” lithium-ion technology
Then comes the feature of cooling tower optimization, which ensures real-time support in response against changes in weather or cooling loads so to reduce customers’ cooling system operating costs by 5-10%. Baltimore Aircoil Company has reportedly partnered with Gravity to enable net energy cost savings.
Fleet electrification also stands to gain from Gravity’s latest brainchild, as it can conduct thorough analysis to help fleet managers identify opportunities, and therefore, reduce costs and emissions across their fleets by switching. Here, Gravity collaborates with Sawatch Labs, a WEX® company.
Among other things, it ought to be mentioned that, till date, Gravity has already generated $16 million in lifetime savings for its customers.
“Businesses lose $2 trillion every year to inefficient energy use. Beyond the climate consequences, this is wasteful spend that can be reinvested in other parts of the business to improve bottom lines,” said Saleh ElHattab, Co-Founder and CEO, Gravity. “Organizations are already collecting that data for corporate disclosure, often through painstaking manual methods. The Gravity platform automates energy and cost tracking across an organization’s operations and goes beyond just reporting.”
