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Plymouth Public Schools Selects EnerNOC's EfficiencySMART to Reduce Energy ExpensesEnerNOC Software-as-a-Service Solution Streamlines and Prioritizes Energy Efficiency Opportunities (January 11, 2012)
BOSTON, MA -- (Marketwire) -- 01/11/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy efficiency services and technology, today announced that Plymouth Public Schools has selected its EfficiencySMART solution to streamline its energy efficiency initiatives across its schools. Plymouth Public Schools already uses EnerNOC's DemandSMART solution for demand response and will apply its quarterly demand response payments toward implementing EfficiencySMART. This deployment of EnerNOC's technology will increase the Massachusetts-based school district's monitoring, reporting, and alerting capabilities, with an expected payback period of fewer than 12 months.
"We compared EfficiencySMART with other energy efficiency products. EnerNOC's technology is not only more advanced, but it's also the least capital-intensive due to our demand response relationship," said Chris Hastings, Plymouth Public Schools' Energy Manager. "EfficiencySMART allows us to use our existing meters to target and achieve additional energy savings, and it made perfect sense to re-invest our demand response revenue in increased energy efficiency."
By harnessing real-time meter data from a variety of sources, EfficiencySMART allows multi-site organizations like Plymouth Public Schools to compare and optimize energy usage across different facilities. The application establishes benchmarks within and across buildings, identifies energy efficiency measures through advanced analytics, and delivers reports of actionable low- and no-cost efficiency recommendations that are prioritized by anticipated return on investment. In addition, EfficiencySMART enables organizations to configure and disseminate real-time alerts and alarms to avoid unnecessary energy usage and demand charges. Members of EnerNOC's energy analyst team are also available to advise customers on how to maximize savings over time.
As part of its broad-based commitment to energy management, Plymouth Public Schools is also developing off site, net-metered, solar projects that will provide a total of eight megawatts of electric power for the school system. EfficiencySMART complements these efforts and ensures that energy is being used cost-effectively throughout the district.
"Real-time energy data is a powerful cost-saving tool. When our customers see what EfficiencySMART can do, they immediately recognize the savings potential," said Tim Healy, Chairman and CEO of EnerNOC. "For our existing DemandSMART customers, EfficiencySMART is also extremely capital-efficient, because customers can channel their regular demand response payments directly into their energy efficiency budgets, effectively doubling their return on investment."
EfficiencySMART delivers a full life-cycle energy efficiency solution, from traditional energy services and commissioning to comprehensive integration of information technology used to track and control energy expenses. For more information or to schedule an EfficiencySMART demonstration, please visit www.enernoc.com/get-started.
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.
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