Savant Power is the new name for Racepoint Energy, following its acquisition by Savant Systems.
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.
The brand now joins GE Lighting as the two newest additions to Savant Systems Inc.’s portfolio of smart home solutions. By adding automated power, Savant now addresses every pillar of the connected home – climate, lighting, entertainment, security, and now energy.
Acquisitions Bolster Savant Brand
“Over the past 12 months, we have made significant strategic acquisitions triggering rapid revenue growth and projections for our brands,” Madonna said. “Savant Power’s innovative smart electrical panel and microgrid solutions align perfectly with trending investment in a rapidly growing energy sector.
“Savant 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,” Madonna added.
Savant’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.
Savant Power’s Approach to Smart Energy
A 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. 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.
With its newest acquisition, Savant brings a scalable software platform to manage distributed energy resources such as solar, storage, and flexible load management. 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.
“The way we produce and consume power is changing in ways not seen since the inception of the grid well over 100 years ago,” said Anna Demeo, president of Savant Power. “Thomas Edison famously remarked that he hoped we didn’t wait until supplies of oil and coal were exhausted before utilizing alternative resources such as solar and wind. 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.”