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EnerNOC Named a Company to Watch in Energy Management Software in Groom Energy ReportLatest Platform Release Enhances Alerting, Multi-Commodity Data Tracking, OpenADR Compliance, and Frequency Response Capabilities (March 14, 2012)
BOSTON, MA -- (Marketwire) -- 03/14/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications and services for utilities and commercial, industrial, and institutional customers, today announced that it has been named a "Company to Watch" in energy management software in a new Groom Energy Solutions report entitled "The Enterprise Smart Grid -- a Corporate Buyer's Guide for Energy Management Software," which was released yesterday. The report indicates that more large corporations are seeking solutions that provide an enterprise view of energy use and associated costs across multiple facilities, and it cites EnerNOC as a leader for its track record of "innovation, customer proof points, strong market momentum, aggressive product development, and increased emphasis on enterprise-wide and multiple-site implementations."
"By deploying enterprise smart grid software solutions, large organizations can effectively drive energy efficiency performance across their operations," said Paul Baier, report author and vice president of research for Groom Energy Solutions. "With its strong customer base and range of software solutions for energy management initiatives, EnerNOC has proven itself a clear leader in the space."
This recognition coincides with the latest release of EnerNOC's Software-as-a-Service (SaaS) energy management platform, which will be available to customers at EnerNOC.com on March 17. The new release includes several updates and enhancements to EnerNOC's product suite, including:
- Alerts with Operating Schedule Integration in EfficiencySMART: EnerNOC's energy management platform provides automated real-time alerts that help to avoid costly unintended energy usage. These alerts are now customizable for each site's specific operating schedule, which enables facility managers to identify and eliminate off-hours energy use, reduce peak demand during business hours, or ensure that production continues according to schedule across a network of sites. Users can update operating schedules at any time to adjust for planned maintenance or other factors that would change expected energy usage.
- Enhanced Multi-Commodity Support in EfficiencySMART: In addition to electricity data, EfficiencySMART users gain enhanced ability to track steam, natural gas, propane, heating oil, and chilled and hot water data in the same user-friendly platform. EfficiencySMART also includes additional measures, including power factor, which can assist customers in reducing energy costs.
- OpenADR 1.0 Hardware Compliance for DemandSMART: OpenADR 1.0 is an industry-adopted communications standard used in certain automated demand response (AutoDR) applications. With this release, EnerNOC can now support customers in any market with OpenADR-compliant hardware. As a member of the OpenADR Alliance, EnerNOC continues to be actively involved in the development of the OpenADR 2.0 standard, which is expected to be ratified in 2012.
- Market-Optimized Frequency Response Capabilities in DemandSMART: EnerNOC provides frequency response and other ancillary services in multiple markets across the globe. Most recently, EnerNOC expanded its ancillary services portfolio through a 150 megawatt contract with the Alberta Electric System Operator. This platform release includes market-specific tools and reports that enable EnerNOC's customers to manage participation in ancillary services programs across the Company's global network.
- Enhanced On-Boarding Tools: This release includes improvements to EnerNOC's on-boarding software tools, which speed up the installation process at customer sites and improve initial and ongoing data quality to ensure that energy-related data is quickly verified.
"EnerNOC's customers represent a wide array of energy users and utilities with distinct energy savings targets and operating plans. Our goal is to serve them all. That's why we've designed a suite of software tools and a network infrastructure that offers the broadest possible support and integration," said Gregg Dixon, Senior Vice President of Marketing and Sales at EnerNOC. "This release continues our established leadership in energy management, and we are honored to see our hard work recognized in the Enterprise Smart Grid report."
EnerNOC's energy management platform is designed to integrate seamlessly with a variety of industry-standard systems and equipment. This open platform enables utilities and commercial, institutional, and industrial customers to maximize the value of demand response and energy efficiency initiatives by unlocking valuable insights from real-time energy data without requiring the purchase of additional equipment.
For more information about EnerNOC's energy management applications, visit www.enernoc.com/solutions.
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 capabilities of EnerNOC's energy management platform and the future growth and success of the Company's energy management 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.
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