ENERNOC, INC. 
By BOSTON, MA -- (MARKET WIRE) -- 03/14/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications and services for utilities and commercial, industrial, and institutional customers, today announced that it has been named a "Company to Watch" in energy management software in a new Groom Energy Solutions report entitled "The Enterprise Smart Grid -- a Corporate Buyer's Guide for Energy Management Software," which was released yesterday. The report indicates that more large corporations are seeking solutions that provide an enterprise view of energy use and associated costs across multiple facilities, and it cites EnerNOC as a leader for its track record of "innovation, customer proof points, strong market momentum, aggressive product development, and increased emphasis on enterprise-wide and multiple-site implementations."
"By deploying enterprise smart grid software solutions, large organizations can effectively drive energy efficiency performance across their operations," said Paul Baier, report author and vice president of research for Groom Energy Solutions. "With its strong customer base and range of software solutions for energy management initiatives, EnerNOC has proven itself a clear leader in the space."
This recognition coincides with the latest release of EnerNOC'sSoftware-as-a-Service (SaaS) energy management platform, which will be available to customers at EnerNOC.com on March 17. The new release includes several updates and enhancements to EnerNOC's product suite, including:
- Alerts with Operating Schedule Integration in EfficiencySMART: EnerNOC's energy management platform provides automated real-time alerts that help to avoid costly unintended energy usage. These alerts are now customizable for each site's specific operating schedule, which enables facility managers to identify and eliminate off-hours energy use, reduce peak demand during business hours, or ensure that production continues according to schedule across a network of sites. Users can update operating schedules at any time to adjust for planned maintenance or other factors that would change expected energy usage.
- Enhanced Multi-Commodity Support in EfficiencySMART: In addition to electricity data, EfficiencySMART users gain enhanced ability to track steam, natural gas, propane, heating oil, and chilled and hot water data in the same user-friendly platform. EfficiencySMART also includes additional measures, including power factor, which can assist customers in reducing energy costs.
- OpenADR 1.0 Hardware Compliance for DemandSMART: OpenADR 1.0 is an industry-adopted communications standard used in certain automated demand response (AutoDR) applications. With this release, EnerNOC can now support customers in any market with OpenADR-compliant hardware. As a member of the OpenADR Alliance, EnerNOC continues to be actively involved in the development of the OpenADR 2.0 standard, which is expected to be ratified in 2012.
- Market-Optimized Frequency Response Capabilities in DemandSMART: EnerNOC provides frequency response and other ancillary services in multiple markets across the globe. Most recently, EnerNOC expanded its ancillary services portfolio through a 150 megawatt contract with the Alberta Electric System Operator. This platform release includes market-specific tools and reports that enable EnerNOC's customers to manage participation in ancillary services programs across the Company's global network.
- Enhanced On-Boarding Tools: This release includes improvements to EnerNOC's on-boarding software tools, which speed up the installation process at customer sites and improve initial and ongoing data quality to ensure that energy-related data is quickly verified.
"EnerNOC's customers represent a wide array of energy users and utilities with distinct energy savings targets and operating plans. Our goal is to serve them all. That's why we've designed a suite of software tools and a network infrastructure that offers the broadest possible support and integration," said Gregg Dixon, Senior Vice President of Marketing and Sales at EnerNOC. "This release continues our established leadership in energy management, and we are honored to see our hard work recognized in the Enterprise Smart Grid report."
EnerNOC's energy management platform is designed to integrate seamlessly with a variety of industry-standard systems and equipment. This open platform enables utilities and commercial, institutional, and industrial customers to maximize the value of demand response and energy efficiency initiatives by unlocking valuable insights from real-time energy data without requiring the purchase of additional equipment.
For more information about EnerNOC's energy management applications, visit www.enernoc.com/solutions.
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 applications 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
www.enernoc.com.
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 capabilities of
EnerNOC's energy management platform and the future
growth and success of the Company's energy management
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.
Contact: Media Relations: Sarah McAuley (617) 532.8195 news@enernoc.com Investor Relations: ir@enernoc.com
Source: EnerNOC, Inc.
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