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EnerNOC Solutions Deliver Over $10 Million in Cost Savings for Maryland-Based Energy TrustMembers Capture Savings Using SupplySMART, DemandSMART, and EfficiencySMART Applications (December 14, 2011)
BOSTON, MA -- (Marketwire) -- 12/14/11 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications and services for commercial, institutional, and industrial customers, today announced that the Eastern Shore of Maryland Educational Consortium (ESMEC) Energy Trust has achieved net savings of approximately $10 million through EnerNOC's electricity procurement services program, SupplySMART. In addition, several ESMEC sites use EnerNOC's DemandSMART and EfficiencySMART applications to participate in demand response programs and manage their energy efficiency initiatives. This comprehensive approach to energy management has enabled the Trust to pay for public services projects with funding previously spent on electricity.
"We are very pleased to have reached this energy savings milestone, and EnerNOC has been a strong partner in the process," said Allan Gorsuch, Trust Manager, ESMEC Energy Trust. "The EnerNOC team has given us the purchasing strategies and access to advanced energy management solutions that have saved our members millions of dollars on electricity."
The ESMEC Energy Trust consists of 28 institutional members, including nine school systems, three community colleges, seven county governments, and seven towns. Through its SupplySMART solution and advisory services, EnerNOC designs competitive supply purchasing agreements that take into account the Trust's priorities on cost reduction and long-term price visibility. In addition, several Trust members participate in demand response to receive additional payments for reducing energy usage through DemandSMART, and others also capture continuous energy savings using EnerNOC's EfficiencySMART energy efficiency applications.
"The ESMEC Energy Trust is a model of comprehensive energy management. Nothing could please us more than to see the outstanding savings they have achieved," said Tim Healy, Chairman and CEO of EnerNOC. "Energy management is a full lifecycle activity, from purchasing to demand management to efficient use. The Trust's members clearly understand this mission, and we look forward to working with them to achieve further savings."
EnerNOC provides energy management services to many states, cities, and trusts, including the States of Connecticut, Vermont, and Rhode Island, the City of Boston, and the Washington Real Estate Trust. For more information about ESMEC and its Energy Trust, please visit http://www.esmec.org/EnergyTrust.html. To learn more about EnerNOC's energy management solutions, please visit http://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 future growth and success of the Company energy management applications and services, and the ability of EnerNOC's customers to derive benefits from such solutions, 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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