GridPoint, a Virginia-based leader in energy management and building optimization, has raised $45 million to fuel its international expansion and scale its platform designed to decarbonize commercial buildings and stabilize aging power grids.
Founded in 2003, GridPoint’s core mission is to transform how commercial buildings consume and manage energy. Its platform connects physical buildings and distributed energy systems to the grid using intelligent automation, machine learning, and data analytics. This powerful combination helps businesses lower energy costs, reduce carbon emissions, and increase resilience. Today, GridPoint’s technology operates in over 20,000 commercial buildings across industries, making it a key player in the clean energy transition.
Tackling Grid Strain Amid Rising Energy Demands
GridPoint’s solution is becoming increasingly essential as global power grids face mounting pressure. The explosive growth in electricity demand—driven by AI computing, data center operations, cloud infrastructure, and renewable energy adoption—has exposed the vulnerabilities of outdated grid systems. These challenges are further intensified by climate-related disruptions and aging infrastructure. GridPoint’s technology offers much-needed relief by increasing grid flexibility and delivering real-time energy insights that empower buildings to optimize consumption and support grid stability.
Mitsubishi-Backed Climate Tech Fund Leads Investment
The $45 million funding round was anchored by a $20 million investment from Marunouchi Innovation Partners (MIP), a climate-focused fund backed by Mitsubishi Corporation. This strategic investment marks a major milestone for GridPoint’s global ambitions.
Ichiro Miyoshi, CEO and CIO of MIP, emphasized the alignment between both companies’ sustainability goals:
“MIP is committed to backing innovative companies that accelerate decarbonization. GridPoint’s unique combination of proprietary hardware and advanced software delivers immediate energy reductions and deep operational insights for commercial businesses. It’s the kind of game-changing solution we believe can drive global carbon reduction efforts.”
New Markets: Japan and South Korea in Focus
GridPoint revealed that the MIP partnership will serve as a gateway into Asia, with plans to expand operations into Japan and South Korea. These markets, already investing heavily in smart grid infrastructure and clean energy, present ripe opportunities for GridPoint’s next growth phase.
Peter Corsell, GridPoint’s Chairman, highlighted the strategic fit:
“Our missions couldn’t be more aligned. As global demand from AI, electrification, and manufacturing intensifies pressure on energy systems, GridPoint is positioned to deliver the digital infrastructure needed to support sustainable growth. MIP brings both capital and deep regional relationships that will accelerate our international rollout.”
