Energy Points

Energy Points
Industry Enterprise Energy Management
Headquarters Boston, MA, U.S.
Key people
  • Dr. Ory Zik (Founder & CEO)
  • Roy Stein (Co-founder & COO)
  • Bill Rebozo (VP Product)
Website N/A[1]

Before being acquired in 2015, Energy Points was a privately held source energy intelligence company. Its SaaS platform,now in use by Lux Research, measures energy use from its source through the site of consumption. By measuring what is known as "source energy," the company is able to convert all energy sources, including water, electricity, fuels, and materials, into a single common unit.[2]

History

Energy Points was founded in May 2011 by Dr. Ory Zik and Roy Stein and is based in Boston, Massachusetts. In December 2011, the company secured $3 million in Series A financing from U.S.-based Plan-B Ventures before formally launching in February 2012.[3] In April 2014 it was honored as one of the top five of the top 10 in The Wall Street Journal's rankings of The Next Big Thing in Clean Tech and invited to pitch at the ECO:nomics conference.[4]

Energy Points was acquired by research and advisory firm Lux Research in February 2015[5] Lux Research is a spin off of Lux Capital.

Product

The company’s product, EnergyPoints Analytics, takes enterprise’s on-site energy consumption data and maps it to its database of geospatial source energy data. Mathematical models process this data and generate source-to-site energy analytics, which can be viewed in the Energy Points portal or integrated with 3rd-party dashboards and services.[6]

Science and Technology

The EnergyPoints platform uses proprietary algorithms, coupled with geospatial and temporal databases to convert all domains(water, electricity, transportation, etc.) into the amount of primary energy (crude oil) embodied in one gallon of gasoline[7] in order to help companies calculate and communicate their resource consumption in a comprehensive way.[8][9][10] Energy Points’ methodology is based on three principles: 1) resources such as electricity, water, fuels, and materials can be measured as energy; 2) the energy we use must be measured from its source; and 3) source-to-site energy analysis should incorporate environmental externalities.


People

Energy Points CEO, founder and inventor, Dr. Ory Zik,[11] holds his B.Sc. (cum laude) in Physics and Mathematics from Tel Aviv University and his M.Sc. (cum laude) and Ph.D. in Physics from the Weizmann Institute of Science[12] in Rehovot, Israel, where he received the Feinberg physics award and the national Amos De-Shalit Physics Prize. As a student, he founded Greenpeace Israel. Zik is past founder and CEO of two other companies: QuantomiX[13] (based on his invention that enabled the use of electron microscopy for imaging live cells), and HelioFocus[14](solar-assisted power plants using the world’s largest solar dish) where, in January 2010, Zik raised the first equity investment of a Chinese company in an Israeli startup.[15]

References

  1. ↑ "Lux Research Acquires Resource Data and Analytics provider Energy Points," (February 26, 2015); http://www.luxresearchinc.com/news-and-events/press-releases/read/lux-research-acquires-resource-data-and-analytics-provider#sthash.4Vofy7aQ.dpuf
  2. ↑ “Measuring energy,” By: Kirk Kardashian, Fortune Magazine, Feb. 6, 2014
  3. ↑ "Energy Points Harnesses $3M, Wants to Create Sustainability Standard". Xconomy. Retrieved April 27, 2012.
  4. ↑ April 4, 2014 "ECO:nomics FRIDAY, APRIL 4, 2014" Check |url= value (help). The Wall Street Journal. Retrieved April 4, 2014.
  5. ↑ "Lux Research Acquires Resource Data and Analytics provider Energy Points," (February 26, 2015); http://www.luxresearchinc.com/news-and-events/press-releases/read/lux-research-acquires-resource-data-and-analytics-provider#sthash.4Vofy7aQ.dpuf
  6. ↑ "How It Works". Energy Points.
  7. ↑ “The Sustainability Babel Fish,” By Nalin Kulatilaka and Ory Zik: Social Science Research Network, May 24, 2011
  8. ↑ “All Sustainability is Local,” By Elisa Wood, Real Energy Writers: Energy Efficiency Markets Blog, March 15, 2012
  9. ↑ “A Tale of Two Desks: Integrated Reporting and the Road to Environmentally, Financially Sustainable Success,” By Ory Zik: Triple Pundit, May 30, 2012
  10. ↑ “Apples to Apples: Comparing Sustainability Projects' Cost And Environment Benefits,” By Erica Gies, Forbes: Green Tech, May 29, 2012
  11. ↑ “Profile: Ory Zik” CrunchBase, Retrieved April 30, 2012
  12. ↑ “Weizmann Institute of Science” Weizmann, Retrieved March 27, 2012
  13. ↑ “QuantomiX WETSEM® Technology” QuantomiX, Retrieved March 27, 2012
  14. ↑ “HelioFocus” HelioFocus Website, Retrieved Feb. 17, 2012
  15. ↑ “Sanhua Buys 30% of Israeli Solar Developer HelioFocus” By:Gwen Ackerman, Bloomberg, Jan. 5, 2012
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