Recognized for energy solutions for commercial buildings, Edo secures top prize in pitch competition focused on unlocking grid potential and overcoming market barriers
Portland, Oregon, October 8, 2024 – Grid Forward, a member-based non-profit organization promoting grid modernization, announced Edo, a solution provider transforming how commercial buildings connect with the grid, as the winner of the 2024 Grid Innovation Pitch Competition during GridFWD 2024 in Banff, Canada. Grid Forward invited eight carefully vetted startups to participate, representing technology or services spanning across analytics and forecasting, virtual power plants, electric vehicle management, and resource modeling.
Edo is leading the charge in transforming how commercial building operators manage energy, optimize operations, and enhance occupant comfort. By leveraging transformative technology, Edo helps businesses significantly reduce energy consumption, lower carbon emissions, and realize substantial cost savings. As the winner, Edo is eligible for up to $50K of business advisory services and up to $250K equity investment from Accurant International, a technology consulting and capital investment firm working with energy, power, and climate-tech companies.
“Edo is honored to receive this recognition from the Grid Forward community,” said Courtney Blodgett, Director of Strategy at EDO. “Our solution is designed to help utilities and commercial buildings unlock the potential of demand flexibility, enabling the clean energy transition and benefiting both the grid and buildings.”
“Accurant is proud to support the next generation of grid-enhancing technologies through the GridFWD 2024 pitch competition,” commented Mark Hormann, Managing Partner of Accurant International. “Flexible resources, including commercial loads, are critical to balancing the grid and lowering the cost of power. The pitch winner, EDO, is tackling this key opportunity of using buildings as a grid battery.”
Click here to read more about the Grid Innovation Pitch Competition, the other finalists and competitors, the judges and Grid Forward.