GridPoint, a supplier of data-driven energy management solutions (EMS) for commercial, light industrial and utility markets, announced it has been acquired by Twenty First Century Utilities, LLC (TFC Utilities).

TFC Utilities was launched earlier this year by Larry Kellerman, a 35-year energy industry veteran with experience in all aspects of the electric utility and power generation industries, and Peter L. Corsell, an entrepreneur and investor known for developing and commercializing innovative energy and enterprise software technologies.

Previously, Kellerman was CEO of Quantum Utility Generation, a private equity-funded power generation company, and a Partner at Goldman Sachs, where he built and led the firm’s wholly-owned power generation business. Earlier in his career, Kellerman led El Paso Corporation’s domestic power generation business, was the founding President of Citizens Power, and held various positions at regulated utilities Southern California Edison and Portland General Electric (PGE).

Corsell founded and led GridPoint as CEO from 2003 to 2010

GridPoint will operate as a subsidiary of TFC Utilities while maintaining its corporate identity and expanding its existing platform and operations.

GridPoint’s solutions include an integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services.

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