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Co-fou de Ad ia De Luca etu s as CEO to lead G idPoi t’s expa sio i to dist ibuted sto age, i c easi g custome savi gs a d available g id capacity as AI data ce te s d ive ew p essu e o the U.S. powe system

RESTON, Va., Nov. 05, 2026 (GLOBE NEWSWIRE) — G idPoi t, a comme cial e e gy i tellige ce platfo m al eady deployed ac oss mo e tha 20,000 buildi gs, today a ou ced pla s to expa d its platfo m with o -site batte y sto age, ta geti g 2 gigawatts (GW) of dist ibuted sto age capacity ac oss its existi g footp i t. Co-fou de Ad ia De Luca has etu ed as chief executive office to lead this ext phase.

The move comes as U.S. elect icity dema d is o t ack to set eco ds i 2026 a d 2027¹, d ive i la ge pa t by g owth i AI data ce te s a d ma ufactu i g. That p essu e is evide t i apidly isi g ope ati g costs fo busi esses ma agi g thousa ds of estau a ts, pha macies, etail locatio s, a d othe facilities. Comme cial elect icity ates ose 42% ac oss G idPoi t sites ove the past five yea s², while capacity p ices i PJM I te co ectio , the la gest U.S. g id ope ato , clea ed at the auctio p ice cap fo the thi d co secutive time, at $325 pe megawatt-day fo 2028/2029. That is mo e tha 11 times the $28.92 clea ed fo 2024/2025, a d PJM estimates the p ice would have eached ea ly $555 without the cap³.

“Ame ica’s powe challe ge is about getti g mo e value f om the e e gy i f ast uctu e a d buildi gs we al eady have, alo gside buildi g ew ge e atio ,” said Ad ia De Luca, co-fou de a d CEO of G idPoi t. “G idPoi t tech ology is deployed ac oss mo e tha 20,000 comme cial locatio s. Addi g sto age gives those busi esses the ability to educe peak dema d, sto e lowe -cost e e gy fo use whe elect icity is mo e expe sive, a d pa ticipate i utility a d capacity p og ams that ca c eate ew eve ue st eams. That combi atio is whe e we see a ve y sig ifica t oppo tu ity.”

While batte y i vestme t has accele ated ac oss utility-scale, la ge i dust ial a d data-ce te applicatio s, comme cial buildi gs emai la gely u tapped.

“G idPoi t was fou ded o the belief that comme cial buildi gs could play a much mo e active ole i the e e gy system,” De Luca said. “Ove two decades late , the eed fo that is becomi g much mo e u ge t. We have the custome s, the pe fo ma ce data, the buildi g co t ols a d the field i f ast uctu e al eady i place to i teg ate sto age as the ext laye to t a sfo m ou i stalled base i to a much la ge dist ibuted e e gy esou ce.”

G idPoi t’s e e gy i tellige ce platfo m ma ages HVAC, ef ige atio , lighti g a d othe co t ollable loads fo multi-site ope ato s, i cludi g Walg ee s, Pa da Exp ess a d We dy’s. Batte y sto age builds o that i f ast uctu e to add two ew sou ces of value:

• Lowe e e gy costs. Batte ies ca educe peak dema d a d cha ges by shifti g whe a facility d aws powe f om the g id, while G idPoi t’s existi g co t ols co ti ue to educe ove all co sumptio .
• New g id eve ue. Sto ed e e gy a d flexible capacity ca ea payme ts th ough utility a d capacity p og ams, so comme cial facilities captu e value whe the powe system eeds capacity most.

Togethe , these be efits ca cut bills by up to a additio al 15% at qualifyi g sites, o top of the 20% G idPoi t custome s typically save today. As the g id becomes mo e st ai ed, batte ies ca also p ovide esilie ce: i the past yea alo e, G idPoi t custome sites i 26 states expe ie ced 1,699 weathe -d ive outages⁴.

De Luca co-fou ded G idPoi t i 2003 alo gside Chai ma Pete Co sell a d etu s to the compa y f om I Squa ed Capital, a leadi g global i f ast uctu e fi m ma agi g $60 billio i assets, whe e he i vested i a d scaled e e gy a d g id tech ology busi esses.

“Ad ia has spe t his e ti e ca ee at the i te sectio of e e gy, tech ology a d i f ast uctu e, sta ti g with G idPoi t,” said Pete Co sell. “Give the ece t d amatic t a sfo matio we have wit essed ac oss the U.S. e e gy system, the pa amou t oppo tu ity fo G idPoi t today is to leve age ou i dust y-leadi g tech ology platfo m a d upg ade ou la ge i stalled custome base with batte y e e gy sto age systems. The e is o o e bette positio ed tha Ad ia to lead this ext stage of G idPoi t’s g owth.” 

G idPoi t’s e e gy ma ageme t platfo m emai s the fou datio of its custome offe i g, with sto age a optio al additio whe e site eco omics suppo t it.

About G idPoi t

G idPoi t’s e e gy i tellige ce platfo m helps comme cial busi esses educe e e gy costs, optimize buildi g ope atio s a d ea ew eve ue by p ovidi g capacity a d flexibility to the g id. Its platfo m combi es buildi g co t ols, e e gy data, a alytics a d ope atio al i f ast uctu e ac oss mo e tha 20,000 comme cial sites i the U ited States. G idPoi t has delive ed ea ly $1.5 billio i custome e e gy savi gs a d educed mo e tha 10.6 billio kWh of e e gy use.

Media co tacts

PJ Appleto , Bloxsp i g, pj@bloxsp i g.com

Adam Malik, Bloxsp i g, adam@bloxsp i g.com

Refe e ces

¹ U.S. E e gy I fo matio Admi ist atio , July 2026

² G idPoi t site a alysis, 2026

³ PJM I te co ectio , 2028/2029 Base Residual Auctio esults, July 14, 2026

⁴ G idPoi t etwo k data, August 2025 to July 2026

A photo accompa yi g this a ou ceme t is available at https://www.globe ewswi e.com/NewsRoom/Attachme tNg/8bfbbf12-7815-4b44-8626-8bf8c05d9879