BOSTON, Oct. 20, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications and services for the smart grid, today announced that Transamerica Pyramid Properties, LLC, the owner of the Transamerica Pyramid and part of AEGON, an international life insurance, pension and investment company, has contracted to deploy EnerNOC's SiteSMART™ data-driven energy efficiency application and DemandSMART™ comprehensive demand response application at the Pyramid Center in downtown San Francisco.
EnerNOC's suite of energy management applications are designed to address the full lifecycle of an organization's energy usage. While DemandSMART manages peak usage, SiteSMART focuses on finding energy efficiency opportunities continuously. Together, the two are expected to deliver $50,000 in annual energy savings for the owner.
The icon of the San Francisco skyline will respond to demand response dispatches by agreeing to reduce non-essential electricity, such as lobby and garage lighting, turning off the outside water fountain pump, and resetting air conditioners by just two degrees, when demand for electricity is at its highest.
The deployment of SiteSMART is funded through a bi-lateral agreement between EnerNOC and the Pyramid Center's utility, Pacific Gas & Electric, which pays for the installation of all metering equipment and the first year of data analytics. DemandSMART deployment at the Pyramid Center is cost-free, as it is for all customers in EnerNOC's network.
"The Transamerica Pyramid is one of San Francisco's greatest modern architectural features and is a model in energy efficiency, attaining a LEED Gold Certification. By leveraging sophisticated energy management applications to look at energy management holistically, the Pyramid owners are demonstrating to other commercial property owners that being sustainable and energy efficient doesn't always have to be expensive. In fact, it can – and should – have a positive impact on your bottom line," said Tim Healy, EnerNOC's chairman and CEO.
For more information about the bilateral agreement between EnerNOC and PG&E, please visit . For information about joining EnerNOC's demand response network or the Company's energy management applications, please visit .
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; SiteSMART™, 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 are being made by EnerNOC, and not by Transamerica Pyramid Properties, LLC or any member of the AEGON companies. EnerNOC's statements 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 and the ability of EnerNOC's customers to recognize energy savings 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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