The CEO of GridPoint (Peter Corsell) actually stepped down, so he voluntarily left the company. However this has led to its own controversy because of the uncertainty about the future of the company. Since the inception of the GridPoint, the business plan has continued to shift. Originally, the company was set to manage energy in upper middle class homes. Soon after the company switched to utilities that communicate with electric cars; and most recently, the company has started dealing with retrofitting.
All along the way the company has been acquiring smaller companies and made grandiose promises to investors about future revenue potential, however none of this has to come to fruition which may lead investors and members of the business community that Peter Corsell’s resignation may be a pre-emptive sign of what’s to come for GridPoint.
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