BOSTON -- (BUSINESS WIRE) -- Powerhouse Dynamics, creator of the award winning eMonitorTM energy and asset management system, announced that Edward P. “Ned” Grace III has joined its Advisory Board. Mr. Grace is the Managing Director for Grace Venture Partners, LP and Grace Restaurant Partners, LP. He is also a Senior Advisor in the Private Equity Group at Angelo Gordon & Co.
Mr. Grace is the Founder and past Chairman, President and CEO of The Capital Grille & Bugaboo Creek Steak House chains. He founded Hemenway’s Sea Food Grill and Oyster Bar in Providence, RI and The Old Grist Mill Tavern in Seekonk, MA. Mr. Grace is a Director of Benihana, Inc., Firebirds Wood Fired Grill, Alinean, Larkburger, Babson Capital Corporate Investors, Babson Capital Participation Investors and Shawmut Design and Construction. He has served as a Director of the National Restaurant Association (NRA) and NRA’s Educational Foundation.
“We are delighted to have someone with Ned’s knowledge and experience as an advisor to the company,” said Martin Flusberg, CEO of Powerhouse Dynamics. “His involvement will really help us refine the product to ensure it delivers maximum value to our restaurant customers.
The eMonitor analyzes every electric load in a facility and delivers real-time intelligence to weed out unnecessary energy spending. The system remotely controls heating and cooling, leverages a unique pattern recognition capability to identify equipment-related issues before they turn into major problems, and can monitor natural gas and water usage as well as temperatures and other key variables. It has been shown to reduce energy spending by 10-15% or more and deliver a range of benefits as well as a rapid payback.
Ned Grace added: “From what I’ve seen, the eMonitor is a unique tool for helping restaurants gain control of what they always have considered an uncontrollable expense, enabling them to increase profits. I look forward to working with the Powerhouse team to continue to enhance the power of this system.”
About Powerhouse Dynamics
Powerhouse Dynamics’ (www.powerhousedynamics.com) is the developer of the eMonitorTM, the first cost-effective, analytics-driven resource and asset management solution designed to monitor all uses and sources of energy while controlling energy intensive equipment. The eMonitor uniquely monitors a building’s electrical power consumption at the circuit level, monitors gas and water usage, and provides ongoing analysis, diagnostics and alerts to deliver actionable intelligence and control strategies. Thousands of customers have saved energy and money with the eMonitor, which is available for both homes and small commercial facilities.