BOSTON, Jan. 29, 2013 (GLOBE NEWSWIRE) -- Today at DistribuTECH, EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications, announced a partnership with Numenta, a breakthrough machine intelligence company. This partnership couples Numenta's Grok streaming analytics solution with EnerNOC's cloud-based software to create opportunities for additional demand response participation by commercial, institutional, and industrial customers with variable load profiles and increased ability to detect energy efficiency faults and anomalies.
This partnership will enable EnerNOC to more effectively predict and monetize the electricity demand of its portfolio. For example, Grok's capabilities will integrate with EnerNOC's DemandSMART™ application to optimize the level at which demand response customers are offered into frequency reserve markets. EnerNOC participates in frequency reserve markets that involve taking large loads off the grid in less than a second to maintain grid frequency.
"We're delighted that EnerNOC has selected Grok," said Numenta CEO, Rami Branitzky. "EnerNOC's ability to capture high-quality, real-time end user energy data enhanced with Grok's ability to automatically model and continuously learn from this data is a leading example of how data can be used to transform energy management. EnerNOC's open architecture made for a seamless integration, and we're excited to hit the ground running."EnerNOC plans to seek additional partnerships with innovative firms such as Numenta that continue to allow the company to harness big data to change the way the world uses energy. "Working with Numenta is the start to building a world-class partner network that will accelerate smart grid innovation," said EnerNOC Chairman and CEO, Tim Healy. "To date, energy data has largely been a black box for consumers and utilities alike, and we look forward to pulling back the curtain and turning energy data into actionable business intelligence and new opportunities to drive results for our customers."
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