×

Commonwealth of Massachusetts Centralizes Energy Management with EnerNOC’s Energy Intelligence Software

BOSTON, May 04, 2016 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that the Commonwealth of Massachusetts’ Division of Capital Asset Management and Maintenance (MA DCAMM) selected EnerNOC’s EIS to manage energy costs across a portfolio of over 420 state-run facilities, including universities, administrative buildings, courthouses, hospitals and other multi-purpose buildings. The $5.6 million dollar, three-year agreement, which is the result of a competitive bidding process that evaluated EnerNOC against several other proposals, will help the Commonwealth track and advance progress toward greenhouse gas (GHG) and energy usage reduction goals, and promote energy management best practices. EnerNOC’s software will also drive operational efficiencies for the Commonwealth by making it easier for users to identify and prioritize capital investments, as well as measure and verify savings achieved through discrete energy projects,

“This innovative program further signals our commitment to using advanced technologies and cutting edge strategies to make state government more efficient, cost-effective and environmentally sound,” said Governor Charlie Baker. “This initiative will ensure that Massachusetts continues to lead the nation in energy efficiency standards and reducing greenhouse gas emissions.”

“As our nation’s leader in energy efficiency, we applaud Massachusetts’ commitment to innovation, maintaining its first place status, and meeting its aggressive GHG reduction goal of 25% by 2020," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC's energy intelligence software provides the visibility and insights that entities like the Commonwealth of Massachusetts need to drive further efficiency and accountability into how they manage energy.”

To learn more about the challenges EnerNOC’s enterprise energy intelligence software solves, go to: https://www.enernoc.com/products/businesses/capabilities.

About EnerNOC

EnerNOC is a leading provider of energy intelligence software (EIS) and demand response solutions. With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking, and demand management, EnerNOC’s enterprise SaaS platform helps businesses control energy costs, mitigate risk, and streamline compliance and sustainability reporting. EnerNOC also offers access to more demand response programs worldwide than any other provider, offering businesses a valuable payment stream to further enhance bottom line results. EnerNOC’s utility SaaS platform enables energy suppliers to forge deeper customer relationships, address regulatory mandates, and cost-effectively integrate demand-side resources to improve grid reliability through key capabilities, including customer engagement, demand response, energy efficiency, operational effectiveness, and wholesale procurement. 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 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.

EnerNOC Media Relations: Robin Woodcock 617.692.2601 news@enernoc.com EnerNOC Investor Relations: Christopher Sands 617.692.2569 ir@enernoc.com

Source:EnerNOC, Inc.