GridPoint Raises $48.5 Million in Series D and Appoints Energy & Financial I

Other new GridPoint shareholders include New Enterprise Associates(NEA), Perella Weinberg Partners, and Robeco, a subsidiary of RabobankGroup. Since the company's inception in November 2003, GridPoint hasraised $88 million in equity capital.

"This significant financing demonstrates investor confidence inbuilding an intelligent electric grid that integrates distributedclean technologies," said Peter L. Corsell, President and CEO ofGridPoint. "Just as the Internet forever changed communication andcommerce, the Smart Grid will revolutionize the delivery andconsumption of electric power."

Joining GridPoint's board of directors are David W. Mohler, ChiefTechnology Officer of Duke Energy, a Fortune 500 investor-ownedutility; Jacob J. Worenklein, Chairman and Chief Executive Officer ofUS Power Generating Company, which owns and operates a major portionof the power capacity in New York City and Boston; George P. Stamas,Venture Partner at NEA and the former Vice Chairman of Deutsche BancAlex. Brown; and Eric C. Taubenheim, who leads private investmentopportunities in the industrial and clean technology sectors at SIG.

In addition to the appointment of new directors, GridPoint hasnamed J. Roderick Heller, III as its Chairman. Heller is Chairman andCEO of Carnton Capital Associates and was formerly Chairman and CEO ofNHP, Inc. The company's board also includes Corsell; Larry M.Kellerman, Managing Director at Goldman Sachs and President ofCogentrix Energy; Joseph M. Perta, a private investor; and Paul J.Powers, former Chairman and CEO of Commercial Intertech Corp.

GridPoint is the pioneer of an innovative smart grid platform thataligns the interests of electric utilities, consumers and theenvironment. The platform applies information technology to theelectric grid to provide utilities with an intelligent network ofdistributed resources (e.g., advanced load control devices, batteries,solar systems) that reside at the point of consumption - the home orbusiness. Additionally, the platform's modular, scaleable andupgradeable architecture enables utilities to create a practical pathfor integrating new clean technologies (e.g., plug-in hybrid electricvehicles and fuel cells).

During peak demand periods, the platform enables utilities toefficiently balance supply and demand by discharging stored power orreducing loads with minimal impact on customers (i.e., controllingtemperature versus shutting down air conditioners). Utilities can alsooptimize existing baseload generation assets and relieve stress ontransmission and distribution (T&D) lines.

The platform serves as a virtual peaking power plant, enablingutilities to avoid the regulatory, environmental and "time-to-build"hurdles associated with building centralized plants while fueling themass adoption of renewable energy, reducing carbon emissions andconserving fuel, capital and land resources.

For consumers, GridPoint's platform provides protection from poweroutages, increases energy efficiency through online energy managementand integrates utility-controlled renewable energy systems, paving theway for the commercial success of residential and light commercialsolar and wind energy sources.

Last month, GridPoint was selected as the overall winner byAlwaysOn GoingGreen 100 Top Private Companies for 2007. Companies werepeer-nominated, with AlwaysOn receiving more than 500 nominations fromventure investors, investment bankers and other industry experts.Additionally, GridPoint received the 2007 North American Frost &Sullivan Award for Green Excellence in recognition of its success inpioneering a way to harness load management and distributed generationto achieve environmental sustainability.

About Goldman Sachs Group

Goldman Sachs Group is a leading global investment banking,securities and investment management firm which provides a wide rangeof services worldwide to a substantial and diversified client base,which includes corporations, financial institutions, governments andhigh net worth individuals. Founded in 1869, it is one of the oldestand largest investment banking firms. The firm is headquartered in NewYork and maintains offices in London, Frankfurt, Tokyo, Hong Kong andother major financial centers around the world. For information, visit

About Susquehanna International Group

The Susquehanna International Group of Companies (SIG) is one ofthe largest privately held global financial firms servicing majorsecurities markets and institutional clients worldwide. An innovatorwith options and derivatives, SIG leverages its quantitativeapplications to maintain its renowned liquidity provision andexecution capabilities in a broad range of equity, fixed income, andcommodity products. SIG includes affiliated entities specializing ininvestment banking, research, institutional sales and trading, privateequity and venture capital. Headquartered in the Philadelphia area,SIG employs more than 1,400 individuals located in Asia, Australia,Europe, and North America. For further information about SIG'sservices, products, and recruitment opportunities, please visit

About NEA

New Enterprise Associates (NEA) is a leading venture capital firmfocused on helping entrepreneurs create and build major newenterprises that use technology to improve the way we live, work andplay. Since its founding in 1978, the firm has followed the same coreprinciples: supporting its entrepreneurs, providing an excellentreturn to its limited partners and practicing its profession with thehighest standards and respect. NEA focuses on investments at allstages of a company's development, from seed-stage through IPO. Withapproximately $8.5 billion in committed capital, NEA's experiencedmanagement team has invested in over 550 companies, of which more than160 have gone public and more than 230 have been acquired. Forinformation, visit

About Perella Weinberg Partners

Launched in June 2006, Perella Weinberg Partners is anindependent, privately-owned financial services firm that providescorporate advisory and asset management services to clients around theworld. Today, in its London and New York offices, the firm comprises23 partners and over 95 employees recruited from a wide variety ofleading financial institutions. Perella Weinberg Partners raised $1.1billion from a global group of investors to establish the operationsof the firm and to fund its asset management initiatives. Forinformation, visit

About Robeco

Robeco, established in Rotterdam in 1929, offers investmentproducts and services to institutional and private investorsworldwide. It has EUR 142 billion in assets under management (at 31December 2006). The product range encompasses equity and fixed-incomeinvestments, money-market and real-estate funds and alternativeinvestments, such as private equity, hedge funds and structuredproducts. The various strategies are managed from Rotterdam (headoffice), Paris, Boston and New York. Robeco is part of Rabobank Group,one of the few retail banks with the highest credit ratings fromMoody's and Standard & Poor's. For information, visit

About GridPoint

GridPoint, Inc., a leading clean tech company, is the pioneer ofan innovative smart grid platform that aligns the interests ofelectric utilities, consumers and the environment through anintelligent network of distributed resources that controls load,stores energy and produces power. Utilities efficiently balance demandand supply by discharging stored power during peak periods, reducingcustomers' non-essential loads, optimizing baseload generation assetsand relieving stress on T&D assets. The platform's modular, scaleableand upgradeable architecture enables utilities to deploy proventechnologies, (e.g., load control devices and advanced batteries)while creating a practical path for integrating new technologies(e.g., plug-in hybrid electric vehicles and fuel cells). Forconsumers, the platform provides protection from power outages,increases energy efficiency and integrates renewable energy, pavingthe way for the commercial success of solar and wind energy sources.On the Net: