BOSTON, Nov. 17, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leader in energy management, today announced the release of EfficiencySMART™, a suite of data-driven energy efficiency applications and services that enables a wide range of organizations, including commercial and industrial corporations; states, cities, and municipalities; as well as schools, hospitals, and utilities, to drive substantial energy savings. Already an established leader in the fast-growing energy efficiency market, EnerNOC has delivered its energy efficiency solutions to such marquee customers as Morgan Stanley, Carnegie Mellon University, and National Grid, and was recently awarded a $10 million contract to deploy an enterprise energy management system for the Commonwealth of Massachusetts.
"We estimate that the annual addressable market size for EfficiencySMART in the U.S. is nearly $10 billion annually and has the potential to deliver over $20 billion in annual savings to C&I customers," said Tim Healy, Chairman and CEO at EnerNOC. "We have thousands of commercial and industrial customers and work with hundreds of utilities that are eager to realize the full value of energy efficiency. EfficiencySMART addresses these needs."
"Energy users and utilities alike are looking for innovative new ways to meet energy savings goals while making smart, focused decisions regarding capital investment. Applying the same data-driven approach to energy management that has been applied to other areas of business just makes sense," said David Metcalfe, Director of industry research firm, Verdantix. "EnerNOC is well positioned to grow their market share through innovative new commercial offerings like EfficiencySMART."
EfficiencySMART's suite of applications and services is designed to deliver 15 percent or more energy bill savings to C&I customers through lifecycle energy efficiency management, from a facility's initial commissioning to ensuring that energy efficiency measures remain persistent to delivering real-time, enterprise data visualization and insights. The EfficiencySMART suite, which complements EnerNOC's other suites of energy management applications and services, includes:
EfficiencySMART Commissioning blends initial and retro-commissioning services with real-time, persistent commissioning technology (formerly SiteSMART). EfficiencySMARTCommissioning ensures that buildings are operating at their maximum efficiency from the start and that savings are maintained over time with built-in measurement and verification (M&V) that meets utility M&V standards. EfficiencySMARTCommissioning is currently available directly to C&I customers or funded under new incentive programs with a number of progressive utilities across the U.S., including Southern California Edison, Pacific Gas & Electric, National Grid, and ComEd.
EfficiencySMART Insight offers customers visibility into energy usage and costs across their entire portfolio of facilities. Using EfficiencySMART Insight , organizations can rapidly identify and harvest a range of low and no-cost energy savings previously hidden from view, reduce energy spikes and related demand charges, optimize their energy efficiency investments and strategy, and enhance measurement and verification of ongoing and future energy efficiency projects. EfficiencySMART Insight is a web-based solution that leverages EnerNOC's expertise in meter deployment and energy data management at over 8,200 sites globally.
EfficiencySMART Services include a wide range of energy engineering, energy project design, and utility program management services, delivered through EnerNOC's team of industry veterans to ensure the achievement of C&I and utility customer goals.
For further information or an EfficiencySMART demonstration, please visit .
About EnerNOC
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 application and services suites 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 .
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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 addressable market size for EfficiencySMART, the future growth and success of the Company's EfficiencySMART solution and the ability of EnerNOC's customers to derive benefits from such solution, 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.
CONTACT: EnerNOC, Inc. Media Relations: Sarah McAuley (617) 532.8195 news@enernoc.com Investor Relations: Will Lyons (617) 532.8104 ir@enernoc.com