BOSTON, March 15, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy management applications, has entered into a three-year contract with Pacific Gas and Electric Company (PG&E) to deliver SiteSMART™, EnerNOC's data-driven energy efficiency application, to commercial and institutional customers in Northern and Central California.
EnerNOC's SiteSMART application helps customers achieve persistent energy savings, while in many cases improving occupant comfort. Implementation and the first year of energy efficiency data analytics and reporting for each participating customer are offered at no cost as part of the program services.
"Although the economy is beginning to rebound, most businesses are still operating within capital-constrained budgets. EnerNOC provides innovative applications to help customers drive energy efficiency results that have a considerable and immediate bottom line impact," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC's unique ability to provide commercial and institutional customers with integrated energy efficiency and demand response applications gives customers a comprehensive approach to capture greater and more persistent energy savings over time."
EnerNOC's SiteSMART application combines advanced metering technology with sophisticated data analysis software to provide insights into facilities' energy usage. The technology continuously analyzes thousands of streams of data at each facility to identify energy savings opportunities that EnerNOC support analysts then package into clear, actionable recommendations that reduce energy consumption, prioritize maintenance issues, and enhance occupant comfort. Unlike traditional, periodic retro-commissioning, SiteSMART savings are persistent over time, as SiteSMART automatically detects "drifts" in optimal facility performance on a continuous basis.
By deploying SiteSMART, participating customers can expect to achieve significant, measurable savings on their total addressable electricity and fuel spend. The detailed data acquired throughout the program will support the ongoing measurement and verification of customer energy savings, as well as support California's goals to deploy successful and cost-effective energy efficiency programs.
"Energy efficiency is increasingly being recognized by local and federal regulators as the most practical, quick-to-market, and cost-efficient resource to address today's energy challenges," said David Brewster, EnerNOC's President. "We applaud the California Public Utilities Commission's leadership in supporting innovative, technology-based efficiency programs, and we look forward to bringing the benefits of SiteSMART to additional California businesses."
The EnerNOC SiteSMART Program is administered by Pacific Gas and Electric Company under the auspices of the California Public Utilities Commission.
For information about EnerNOC's energy management applications, please visit www.enernoc.com/solutions or email info@enernoc.com.
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; SiteSMART™, data-driven energy efficiency; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Energy Network Operations Center (EnerNOC) supports these applications across thousands of C&I customer sites throughout the world. Using our C&I customers' energy usage flexibility, we make capacity, energy, ancillary services, and carbon products available to grid operators and our more than 100 utility customers on demand as a cost-effective alternative to traditional power generation, transmission, and distribution. For more information, visit www.enernoc.com.
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