Energy Points
| File:Energy Points Corporate Logo (Drop).png | |
| Industry | Enterprise Energy Management |
|---|---|
| Headquarters | Boston, MA, U.S. |
Key people | |
| Website | N/A |
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Before being acquired in 2015, Energy Points operated as a privately owned company specializing in source energy intelligence. Its SaaS solution quantified energy use by translating all forms of energy—including water, electricity, fuels, and materials—into a unified measurement called "source energy," tracking consumption from origin to end use.
History
Established in May 2011 by Dr. Ory Zik and Roy Stein in Boston, Massachusetts, Energy Points obtained $3 million in Series A financing from Plan-B Ventures by December 2011 and officially launched its platform in February 2012.
In April 2014, the company was recognized as one of the top five contenders in The Wall Street Journal's "Next Big Thing in Clean Tech" and presented at the ECO:nomics conference.
Energy Points was subsequently acquired by Lux Research, a research and advisory firm spun out of Lux Capital, in February 2015.
Product
The Energy Points Analytics platform analyzes enterprise-level on-site energy data by linking it to a geospatial source energy database. Utilizing proprietary mathematical models, it delivers source-to-site energy insights accessible through the Energy Points portal or integrated with external dashboards and services.
Science and technology
Energy Points utilizes unique algorithms combined with geospatial and temporal datasets to convert diverse resource categories—such as water, electricity, and transportation—into the equivalent primary energy embodied by a gallon of gasoline. This approach allows organizations to accurately assess and report their overall resource consumption.
The methodology of Energy Points is founded on three core concepts:
- Quantifying resources including electricity, water, fuels, and materials in terms of energy;
- Evaluating energy usage beginning at its original source; and
- Factoring environmental externalities into the analysis from source to site.