Prior its acquisition in 2015, Energy Points was a privately held source energy intelligence company. Its SaaS platform, no longer in use by Lux Research, measured 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.“Measuring energy,” By: Kirk Kardashian, Fortune Magazine, Feb. 6, 2014
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.
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.
Energy Points was acquired by research and advisory firm Lux Research in February 2015"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 Lux Research is a spin-off of Lux Capital.
Product The company's product, Energy Points 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.
Science and technology The Energy Points 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“The Sustainability Babel Fish,” By Nalin Kulatilaka and Ory Zik: Social Science Research Network, May 24, 2011 in order to help companies calculate and communicate their resource consumption in a comprehensive way. By Elisa Wood, Real Energy Writers: Energy Efficiency Markets Blog, March 15, 2012“A Tale of Two Desks: Integrated Reporting and the Road to Environmentally, Financially Sustainable Success,” By Ory Zik: Triple Pundit, May 30, 2012“Apples to Apples: Comparing Sustainability Projects' Cost And Environment Benefits,” By Erica Gies, Forbes: Green Tech, May 29, 2012
Energy Points’ methodology is based on three principles: Resources such as electricity, water, fuels, and materials can be measured as energy; The energy we use must be measured from its source; and Source-to-site energy analysis should incorporate environmental externalities.
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