|Page (1) of 1 - 04/11/12||email article||print page|
Connecticut Selects EnerNOC's EfficiencySMART to Reduce Energy Use at State BuildingsState Targets Continuous Energy Savings at up to 100 State Facilities as Part of 'Lead by Example' Program (April 11, 2012)
BOSTON, MA -- (Marketwire) -- 04/11/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy efficiency applications and services for commercial, institutional, and industrial customers, today announced that the State of Connecticut has selected EnerNOC's EfficiencySMART to reduce energy use and costs at up to 100 state facilities through 2014. EnerNOC will provide metering and monitoring equipment as well as cloud-based software that gives facilities managers access to real-time energy data, allowing for specific and timely actions to reduce energy consumption at colleges, medical campuses, correctional facilities, and other state buildings.
This initiative is part of a new Connecticut state program called Lead by Example, a partnership between the State's Department of Energy and Environmental Protection (DEEP) and the Department of Administrative Services (DAS) that demonstrates the economic benefits of energy efficiency by achieving energy savings in state buildings. As part of this program, EfficiencySMART is expected to achieve significant savings to reduce Connecticut's energy budget and help the State use energy more efficiently moving forward.
"The state of Connecticut spends more than $100 million a year to provide heating, cooling, and electricity for its buildings," said DEEP Commissioner Daniel C. Esty. "Lead by Example will help us bring that bill down -- providing real savings for taxpayers, reducing the environmental footprint of state government, and proving to municipalities, businesses and property owners that energy efficiency is a sound investment."
"Knowing more about the state's energy consumption provides a very real opportunity to better manage our facilities, achieve efficiencies, and save money," said DAS Commissioner Donald DeFronzo. "In this time of tight budgets, we need to do more with less and this new system will help us do just that."
By harnessing real-time meter data from a variety of sources, EfficiencySMART allows large, multi-site organizations like the State of Connecticut to optimize energy usage. EfficiencySMART establishes benchmarks within and across facilities, identifies top performers, provides user-configurable alerts to avoid overuse, and uncovers additional savings opportunities. State facilities managers can also generate on-demand and scheduled reports that help them identify efficiency opportunities prioritize ongoing projects by anticipated savings and return on investment. Throughout this project, EnerNOC's energy analysts will also provide expert analysis of building energy use, helping the State to achieve continuous energy savings across the enrolled facilities.
"When budgets are constrained, energy efficiency is one of the best investments any large organization can make. Energy efficiency helps states, organizations, and businesses optimize their operations so that they can focus resources on supporting greater productivity and building their workforce," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC has a long history of success in Connecticut, where we have been providing demand response since the Company's very earliest days. We are excited to build upon that legacy by collaborating with the State of Connecticut on this innovative, cost-saving energy efficiency program."
EnerNOC provides energy efficiency and other energy management services for many states and public entities, including the States of New Mexico, Rhode Island, Colorado, Vermont, and the Commonwealth of Massachusetts, among others. To learn more about EnerNOC and to view a demonstration of its EfficiencySMART energy efficiency product suite, please visit http://www.enernoc.com/for-businesses/efficiencysmart.
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART, comprehensive demand response; EfficiencySMART, data-driven energy efficiency; SupplySMART, energy price and risk management; and CarbonSMART, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy management applications and services, including its EfficiencySMART services, and the benefits that customers may receive from these applications and services, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, EnerNOC's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Copyright @ Marketwire
Related Keywords: EnerNOC, energy efficiency, smart grid, energy, Connecticut, Dan Esty, energy management, Marketwire, , Management Services, mexico, Other,