BOSTON, Sept. 27, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), the world's leading provider of energy management applications for the smart grid, today announced that it has completed installation of its EfficiencySMART energy management software in over 480 state-owned buildings in the Commonwealth of Massachusetts. This milestone marks completion of the installation phase of a $10 million contract between EnerNOC and the Massachusetts Department of Energy Resources (DOER) in which EnerNOC has provided a comprehensive Enterprise Energy Management System (EEMS) to reduce energy costs across state-owned facilities. The installation phase included set-up of approximately 1,300 meters in over 480 buildings across 43 sites.
In total, more than two million data points from these facilities are now being streamed each week to EnerNOC's Network Operations Center. EfficiencySMART Insight collects energy data from each building, applies EnerNOC's automatic fault detection and business intelligence application to analyze the data, and combines the expertise of an EnerNOC energy analyst to deliver a prioritized list of actionable energy efficiency measures.
This deployment was initiated by DOER through funding from the American Recovery and Reinvestment Act (ARRA) to further advance the state's Leading by Example (LBE) Program. The next phase of the deployment, in which the energy use of community colleges, trial courts, and other state-owned office buildings will be brought online, is being funded in part by the Massachusetts Division of Capital Asset Management (DCAM).Participants in the program include Westfield State College, Fitchburg State University, Massachusetts Hospital School, Bridgewater State University, Massachusetts Trial Courts, the Bureau of State Office Buildings, and many others across the state. "Overall feedback from participating sites has been quite positive," said Eric Friedman, Director of the Leading by Example Program for the Commonwealth of Massachusetts. "By implementing EEMS, we are identifying numerous savings opportunities that can be addressed by simple changes in how facilities manage their day-to-day energy use, and helping meet the state's energy, economic, and environmental commitments."
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts