BOSTON, Nov. 12, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy solutions, today announced that it has been honored as the New England Clean Energy Council's Breakout Company of the Year for its accomplishments in accelerating New England's clean energy economy. The award was announced at the Council's second annual Green Tie Gala on November 11, 2009 at the John F. Kennedy Presidential Library and Museum.
"EnerNOC is proud to be recognized as the Breakout Company of the Year. 2009 has been a tipping point in our company's evolution. As we continue to grow, we remain focused on delivering innovative new products to market, providing exceptional customer service, and creating investor value. One of the keys to our success has been maintaining an entrepreneurial culture that attracts top talent," said Tim Healy, EnerNOC's chairman and CEO.
"We'd also like to recognize and thank the New England Clean Energy Council for its fantastic work fostering the growth of New England's cleantech cluster. The industry as a whole is vital to the region's economy, and EnerNOC is proud to be recognized as a leader in a field that is filled with exciting and innovative companies," continued Healy.
EnerNOC was chosen as Breakout Company of the Year in recognition of the Company's rapid and continued growth. The Company has grown its revenues from $26 million in 2006 to $106 million in 2008. On November 5th, 2009, the Company guided that it will record between $187 and $189 million in 2009 revenue.
EnerNOC provides a comprehensive suite of energy management solutions to commercial, institutional, and industrial customers, including demand response, energy efficiency through Monitoring-Based Commissioning (MBCx), energy supply management (ESM), and carbon management and accounting. EnerNOC's demand response programs pay organizations to reduce real-time demand for electricity to create a clean alternative to fossil fuel-burning power plants. MBCx helps businesses uncover substantial energy saving opportunities through analysis of energy data and business operations. EnerNOC's ESM services improve energy supply transparency to mitigate risk and unlock significant savings. EnerNOC's CarbonTrak(R) software measures, manages, and reports facilities' greenhouse gas emissions and prioritizes greenhouse gas reduction efforts.
EnerNOC customer, Millipore Corporation (NYSE:MIL), a leading provider of technologies, tools, and services for the global life science industry, was also honored by the New England Clean Energy Council as Corporate Citizen of the Year. As part of Millipore's comprehensive approach to sustainability, the company joined EnerNOC's demand response network, reducing electricity demand by more than a megawatt when needed.
For information about joining EnerNOC's demand response network, please visit www.enernoc.com/get-started or email info@enernoc.com.
About EnerNOC
EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning services, energy procurement services, and emissions tracking and trading services. These solutions help optimize the balance of electric supply and demand, provide cost-efficient alternatives to traditional power generation, transmission, and distribution resources, and drive significant cost-savings for its customers. The Company uses its Network Operations Center, or NOC, and PowerTrak(R) enterprise software platform to remotely manage and reduce electricity consumption across a growing network of commercial, institutional, and industrial customer sites, making demand response capacity available to grid operators and utilities on demand while helping end-users of electricity achieve energy savings, environmental benefits, and improved financial results. For more information visit www.enernoc.com.
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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 Company's future financial performance, the future growth and success of EnerNOC's demand response and energy management solutions and the ability of EnerNOC to drive value for its customers, 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.