Renewable Energy Stock Alert: California State University San Marcos Expands Deployment of EnerNOC (Nasdaq:ENOC) Software to Drive Increased Energy Efficiency
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BOSTON - July 1, 2013 (Investorideas.com renewable energy newswire) EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced that California State University San Marcos (CSUSM), which has been an EnerNOC energy efficiency customer since 2008, has expanded its deployment of EnerNOC's EfficiencySMART(TM) Insight software to further increase campus energy efficiency savings. With this expanded deployment, CSUSM will be the first campus in the University of California (UC) or California State University (CSU) systems to implement monitoring-based commissioning across an entire campus. Like past deployments, this expansion is funded in part by San Diego Gas & Electric through the UC/CSU/IOU Partnership Program, which offers incentives to universities that couple building commissioning with real-time energy monitoring.
"A strong partnership between CSUSM campus engineering and facilities teams, SDG&E, and EnerNOC has been key to success," said Ed Johnson, Director of Sustainability & Utility Services at CSUSM. "Through this relationship we've been able to secure 160 percent of expected energy incentives and we look forward to identifying additional energy efficiency measures through the expanded use of EfficiencySMART."
CSUSM stands to achieve significant energy savings in newly monitored buildings and will be able to preserve savings already identified, prevent drift, allocate and manage energy costs, look for additional energy efficiency measures, and better engage campus stakeholders through data transparency.
"CSU has long understood that effective energy management starts with having the right data in real time. By deploying EfficiencySMART Insight software for all of its buildings, CSUSM has a tremendous opportunity to drive meaningful savings that persist year after year," said Tim Healy, Chairman and CEO of EnerNOC.
To date, EnerNOC has helped CSUSM achieve 10 percent savings from field-based commissioning and data analytics, as well as an additional 8 percent savings from persistent monitoring and ongoing automated fault detection. This UC/CSU/IOU Energy Efficiency Partnership Program has provided more than $40 million in customer incentives over the last three years.
EnerNOC is a leading provider of energy intelligence software and related solutions. EnerNOC unlocks the full value of energy management for 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 a suite of energy management applications including: DemandSMART(TM), comprehensive demand response; EfficiencySMART(TM), continuous energy savings; and SupplySMART(TM), energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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 EfficiencySMART application, 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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