EnerNOC Increases Flexibility of Utility Demand Response Offerings and
Enhances Business Intelligence Functionality With Latest Platform Release
BOSTON, Jan. 30, 2013 (GLOBE NEWSWIRE) -- Today at DistribuTECH, EnerNOC, Inc.
(Nasdaq:ENOC), a leading provider of energy management applications and
services, announced the latest release of its award-winning energy management
application platform. The latest release provides utilities and energy
retailers around the world the flexibility to engage customers and manage
their demand response programs in new ways, enhances the business intelligence
tools available to commercial and industrial enterprises, and supports
additional third-party integration for data analytics.
"By continuing to invest in our technology, we're significantly expanding our
ability to deliver value to our utility and enterprise customers. With this
latest release, we have increased flexibility to roll out 'white-labeled'
versions of our platform for utilities that want to put a consistent brand in
front of their customers, which complements our traditional turnkey demand
response model," said Tim Healy, Chairman and CEO of EnerNOC.
Utility-related enhancements in this release include:
*Co-branded portal and "white-labeling" capabilities: EnerNOC now offers
utilities three different customer engagement models: its traditional
full-service demand response offering; a "white-labeled"
software-as-a-service (SaaS) offering, which enables utilities and energy
retailers to directly recruit participants and administer programs on the
world's most advanced energy management platform; and a hybrid model in
which EnerNOC's platform is branded as the utility's offering and EnerNOC
serves as the program implementer, performing sales, network deployment,
and dispatch management on behalf of the utility. Regardless of the
engagement model, this additional functionality allows utilities to
maintain their brand image without having to invest in building out the
technology and infrastructure to support their programs.
*Improved utility-driven zonal dispatch: The utility portal, which allows
utilities to dispatch and manage demand response capacity from a
centralized interface, now includes functionality for more granular
localized dispatch to ensure capacity is delivered precisely where it is
most beneficial to the utility. Utilities have direct visibility into
available capacity by zone, and can monitor dispatch performance in
Enterprise-related enhancements in this release include:
*Automated fault detection (AFD) engine enhancements: EnerNOC's AFD engine,
which helps energy analysts and facility staff to identify building
operating anomalies or faults, has been updated to include an expanded
fault library and improved fault visualization tools.
*Additional third-party integration: As previously announced, this update
establishes a new application programming interface (API) to support
predictive analytics and machine learning.
*Advanced alerting capabilities: EnerNOC's EfficiencySMART^TM alert library
has been expanded to include new units of measure found in international
*Industrial production data visualization and analytics: EfficiencySMART
Insight now features the ability to collect and chart production data,
enabling industrial enterprises to measure and normalize energy patterns
on a production-unit basis and to use those insights to make better
*Expanded automated report library: This update introduces eight new
reports, such as advanced daily demand profile, load profile comparison,
monthly year-over-year cost comparisons, and weather-adjusted energy use
"These enhancements continue our push to maximize our platform's flexibility
for our utility and enterprise customers," said Hugh Scandrett, EnerNOC's Vice
President of Engineering. "We've made great advancements to collect the energy
data that matters most to our customers. We are relentlessly focused on
delivering the flexibility utilities need to achieve their demand response
program objectives and the best energy-related business intelligence software
and services possible to help reduce energy costs and drive productivity."
To learn more about the features of the platform release, visit EnerNOC's
booth #3051 or go to www.enernoc.com/our-technology. DistribuTECH is the
premier annual conference for power industry professionals, focusing on energy
distribution infrastructure and related topics. To arrange a meeting with
EnerNOC while at DistribuTECH, please email email@example.com.
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 servicesthat reduce real-time
demand for electricity, increase energy efficiency, improve energy supply
transparency in competitive markets, and mitigate emissions. EnerNOC's Utility
Solutions™ 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™, comprehensive
demand response; EfficiencySMART™, continuous energy savings; and
SupplySMART™, energy price and risk management. Our Network Operations Center
(NOC) offers 24x7x365 customer support. For more information, visit
The EnerNOC, Inc. logo is available at
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 and EfficiencySMART products, 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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