BOSTON - October 24, 2012 (Investorideas.com renewable energy newswire) EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications and services, today announced that The University of Vermont (UVM) will deploy the company's EfficiencySMART Insight application to deliver energy savings at its highest energy-consuming buildings. EfficiencySMART is a key component of UVM's growing lineup of sustainability initiatives; EnerNOC's software-as-a-service (SaaS) application enables UVM to track and manage its energy use, furthering the University's position as a sustainability leader in the higher education space.
"At The University of Vermont, we are committed to fostering sustainability and improving the operational performance of our campus. Beyond our commitment to being good environmental stewards, investing in energy efficiency is important to us because the value we generate can be reinvested back into the university to improve the experience of our students," said Richard Wolbach, UVM's Energy Management Engineer. "EnerNOC's data-driven approach to energy management is unique because it gives us the necessary tools and information we need to prioritize our limited resources for immediate results. UVM is very anxious to review those results over the next year with the EnerNOC team."
EfficiencySMART Insight collects energy data from each building, applies EnerNOC's automated fault detection and diagnostic tools to analyze the data, and, with the help of an EnerNOC energy analyst, delivers a prioritized list of energy efficiency measures. Historically, greater than 80 percent of the energy efficiency measures identified by EfficiencySMART Insight have been low- or no-cost, making the economics of Insight compelling to budget-constrained organizations.
Because UVM is a longtime EnerNOC customer, having deployed EnerNOC's DemandSMART(TM) solution to participate in New England's demand response program since 2007, much of the infrastructure required to collect energy data was already installed. All but one of the UVM buildings that will be enabled with EfficiencySMART on campus already have existing EnerNOC Site Servers streaming five-minute interval data to EnerNOC's Network Operations Center. EnerNOC, UVM, and its local electric utility provider, Burlington Electric Department, have strategically deployed Insight at a total of five large campus facilities.
For more information about what utility incentive programs might be available for EfficiencySMART Insight or other energy management solutions, visit the "Funding Energy Efficiency" section of the EnerNOC website.
EnerNOC unlocks the full value of energy management for our 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(TM) 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 its suite of energy management applications including: DemandSMART(TM), comprehensive demand response; EfficiencySMART(TM), continuous energy savings; SupplySMART(TM), energy price and risk management; and CarbonSMART(TM), enterprise carbon management. Our Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
About The University of Vermont (UVM)
The University of Vermont combines faculty-student relationships most commonly found in a small liberal arts college with the resources of a major research institution. The university is home to 10,459 undergraduates, 1,540 graduate students, 449 medical students and 1,471 full-and part-time faculty. Located in Burlington, Vermont (perennially voted one of America's most exciting small cities), UVM's setting in a valley on the shores of Lake Champlain, between the Adirondack and the Green mountain ranges, inspires visitors and residents. For more information, visit www.uvm.edu.
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 management applications and services, including its DemandSMART(TM) and EfficiencySMART(TM) services, and the benefits that customers may derive from those applications and services, 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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