GridPoint Raises Funds

GridPoint, based in Washington, DC, is in the process of raising more than $32 million in a fourth round of funding. GridPoint's platform provides utilities with an intelligent network of distributed energy conservation and generation resources that controls load, stores energy and produces power. The investors in this round are said to include Goldman Sachs, Altira Group and Standard Renewable Energy Group. Two other young companies that focus on energy efficiency, EnerNoc and Comverge, have recently had successful IPO's...