SAN ANTONIO and BOSTON, Jan. 28, 2014 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced the latest updates to its technology platform for enterprise customers. This new release allows customers to view projected energy efficiency baselines, benchmark their buildings against similar facilities, and take action to reduce on- versus off-peak energy usage. "Our enterprise customers understand that energy is not a fixed cost like rent," said Tim Healy, Chairman and CEO of EnerNOC. "This release helps them connect energy usage to spend and enhance their competitive edge. We are excited to build on this release and continue to drive adoption of energy intelligence software in 2014." Projected energy efficiency baselines give customers granular, seasonally-adjusted visibility into expected energy use and improve accuracy of budget and operating costs. This data is also visible in monthly and daily dashboard views. With the inclusion of Commercial Building Energy Consumption Survey (CBECS) data from the U.S. Energy Information Administration in EnerNOC's software platform, users can not only rank buildings in their portfolio by energy intensity, but also compare building energy intensity to similar buildings within the comprehensive CBECS database of over 12,000 commercial buildings in the United States, and also see average disaggregated energy use for similar individual buildings. "For our enterprise customers with multi-site portfolios that include facilities of varied size, type, and energy usage, this update is particularly beneficial," said Fielder Hiss, Vice President of Product Management at EnerNOC. "Providing this new information to better understand energy usage and being able to budget accordingly – which now includes forward-looking capabilities – empowers our customers to not only take control of energy costs but also get ahead of them and be more proactive than ever before." EnerNOC's software platform update also includes new on-peak versus off-peak analysis that breaks out consumption by day in kilowatt-hours and currency. This functionality identifies days where a savings opportunity exists and enables users to adjust building settings or production schedules away from on-peak hours, which can be the root cause of significant energy costs.
To learn more about the new features of the platform, go to enernoc.com/our-technology, or visit EnerNOC's booth #619 at DistribuTECH. DistribuTECH is the premier annual conference for power industry professionals.About EnerNOC EnerNOC is a leading provider of energy intelligence software and related solutions. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions™ offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com. The EnerNOC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5804 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 intelligence software, and the benefits that customers may derive from technology updates or enhancements to that software, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. 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, the Company'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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