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EnerNOC Announces Commitment to White House-Inspired, Industry-Led Green Button Initiative at 2012 CGI America MeetingCEO Tim Healy Joins Clean Electricity and Efficiency Working Group (June 07, 2012)
BOSTON, MA and CHICAGO, IL -- (Marketwire) -- 06/07/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications for the smart grid, today announced its support of the Green Button Initiative, an industry-led effort in response to a White House call-to-action to standardize the accessibility and delivery of energy use data to electricity users. EnerNOC announces its support of the Green Button Initiative as its "Commitment to Action" submitted to the Clinton Global Initiative (CGI) in advance of its participation in the CGI America meeting, held today and tomorrow in Chicago, IL. EnerNOC's Chairman and CEO, Tim Healy, is contributing to the Clean Electricity and Efficiency Working Group, one of 12 working groups aimed at finding solutions that promote economic recovery in the United States.
Historically, energy data has been difficult and costly to obtain, and its usefulness was limited due to the lack of a standard format. The goal of the Green Button Initiative is to provide more openness, standardization, and scalability of energy data and to empower energy users and technology innovators to identify creative ways to save energy. Utilities participating in the initiative are committing to provide electricity customers with easy and secure access to their own energy usage data in a consumer-friendly and computer-friendly format via a "green button" on their websites.
"The key to better energy management in the US is unlocking the latent potential we already have at our finger tips in the form of demand response and energy efficiency, which are by far the most cost-effective and sustainable resources we have as a nation today," said Tim Healy, Chairman and CEO of EnerNOC. "The more we rally around industry standards for utility data, the faster companies like EnerNOC can continue to innovate and derive value from that data for our customers and all ratepayers."
With more than 12,500 customer sites streaming real-time data into its Network Operations Center (NOC), EnerNOC helps commercial, institutional, and industrial energy users deploy better energy management strategies, including demand response and data-driven energy efficiency solutions. In addition to providing its commercial, institutional, and industrial customers with a real-time view into their energy consumption, EnerNOC helps customers identify and quantify energy savings opportunities to make that information actionable. EnerNOC's Energy Management Application Platform supports the import of Green Button data, which is used to streamline customer qualification and on-boarding.
The Green Button Initiative is based on a technical standard developed in collaboration with a public-private partnership supported by the U.S. Commerce Department's National Institute of Standards and Technology.
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, continuous energy savings; 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 Green Button Initiative and the Company's energy management applications and services, including the ability of customers to derive benefits from those 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.
About CGI America
President Clinton established the Clinton Global Initiative America (CGI America) to address economic recovery in the United States. CGI America brings together leaders in business, government, and civil society to generate and implement commitments to create jobs, stimulate economic growth, foster innovation, and support workforce development in the United States. Since its first meeting in June 2011,CGI America participants have made more than 100 commitments valued at $11.8 billion. When fully funded and implemented, these commitments will improve the lives of three million people, create or fill more than 150,000 jobs, and invest and loan $354 million to small and medium enterprises in the United States. The 2012 CGI America meeting will take place June 7-8 in Chicago. To learn more, visit cgiamerica.org.
About the Clinton Global Initiative
Established in 2005 by President Bill Clinton, the Clinton Global Initiative (CGI) convenes global leaders to create and implement innovative solutions to the world's most pressing challenges. CGI Annual Meetings have brought together more than 150 heads of state, 20 Nobel Prize laureates, and hundreds of leading CEOs, heads of foundations and NGOs, major philanthropists, and members of the media. To date CGI members have made more than 2,100 commitments, which are already improving the lives of nearly 400 million people in more than 180 countries. When fully funded and implemented, these commitments will be valued at $69.2 billion.
CGI's Annual Meeting is held each September in New York City. CGI also convenes CGI America, a meeting focused on collaborative solutions to economic recovery in the United States, and CGI University (CGI U), which brings together undergraduate and graduate students to address pressing challenges in their community or around the world. For more information, visit clintonglobalinitiative.org and follow us on Twitter @ClintonGlobal and Facebook at facebook.com/clintonglobalinitiative.
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