#RACEPOINT ENERGY SOFTWARE#

Savant PowerвЂ™s Bold Approach to Smart EnergyДЄ rising number of power outages caused by an aging energy infrastructure and weather volatility along with a growing concern for the environment are driving significant investment in more resilient and sustainable power solutions. SavantвЂ™s best-in-class smart home solutions and renowned culture of innovation now extends into the energy space at a time when power has emerged as a focal point for consumers and utility companies. вЂњSavant Power is helping to transform the grid by utilizing our unique automation capabilities, increasing the effectiveness of alternative power sources such as solar, batteries or generators without compromising comfort and convenience,вЂќ said Madonna. вЂњSavant PowerвЂ™s innovative smart electrical panel and microgrid solutions align perfectly with trending investment in a rapidly growing energy sector.вЂќ вЂњOver the past 12 months, we have made significant strategic acquisitions triggering rapid revenue growth and projections for our brands,вЂќ said Bob Madonna, Chairman and CEO, Savant Systems, Inc. By adding automated power, Savant now addresses every pillar of the connected home вЂ“ climate, lighting, entertainment, security and now energy. Renamed Savant Power, the company now joins GE Lighting, a Savant company, as the two newest additions to Savant Systems, Inc.вЂ™s deep and diverse portfolio of scalable, easy-to-use smart home solutions. JSavant Systems, Inc., a leader in smart home technology, has acquired Racepoint Energy, an engineering-driven company known for category-defining smart electrical panel, automated power, storage and energy resiliency solutions for consumers, home builders, businesses and utility companies. Now, Savant Power is poised to make these solutions a reality alongside GE lighting, a Savant company, while improving quality of life and energy resiliency around the world.HYANNIS, MASS. вЂњThomas Edison famously remarked that he hoped we didnвЂ™t wait until supplies of oil and coal were exhausted before utilizing alternative resources such as solar and wind. вЂњThe way we produce and consume power is changing in ways not seen since the inception of the grid well over 100 years ago,вЂќ said Anna Demeo, president of Savant Power. By reimagining the concept of smart energy through an advanced automated platform, the brand brings to market the key components needed to achieve a smart living experience as well as a modernized energy infrastructure.

#RACEPOINT ENERGY SOFTWARE#

With its newest acquisition, Savant brings a scalable software platform to manage distributed energy resources such as solar, storage, and flexible load management. These factors, combined with an increase in renewable generation and EV adoption, are forcing a shift in the way power is distributed and consumed, with the goal of lower costs and improved resiliency. Savant PowerвЂ™s Approach to Smart EnergyДЄ rising number of power outages caused by an aging energy infrastructure and weather volatility along with a growing concern for the environment are driving significant investment in more resilient and sustainable power solutions. SavantвЂ™s smart home solutions now extends into the energy space at a time when power has emerged as a focal point for consumers and utility companies. вЂњSavant Power is helping to transform the grid by utilizing our unique automation capabilities, increasing the effectiveness of alternative power sources such as solar, batteries or generators without compromising comfort and convenience,вЂќ Madonna added. вЂњSavant PowerвЂ™s innovative smart electrical panel and microgrid solutions align perfectly with trending investment in a rapidly growing energy sector. вЂњOver the past 12 months, we have made significant strategic acquisitions triggering rapid revenue growth and projections for our brands,вЂќ Madonna said. Related: Vegas Modern 001, SavantвЂ™s Massive New Experience Center, is Now Open Acquisitions Bolster Savant Brand By adding automated power, Savant now addresses every pillar of the connected home вЂ“ climate, lighting, entertainment, security, and now energy. The brand now joins GE Lighting as the two newest additions to Savant Systems Inc.вЂ™s portfolio of smart home solutions. Racepoint Energy was the engineering company founded in 2015 by Savant Chairman and CEO Bob Madonna to specialize in smart electrical panels, automated power, and storage and energy resiliency solutions for consumers, home builders, businesses, and utility companies. Savant Power is the new name for Racepoint Energy, following its acquisition by Savant Systems.

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