EnerNOC Launches DemandSMART(TM) Predictor in New England
New Demand Response Product Helps New England Enterprise Customers Avoid
Costly Peak Demand Charges
BOSTON, March 28, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a
leading provider of cloud-based demand response and energy management
applications, today announced the launch of DemandSMART^TM Predictor for New
England. DemandSMART Predictor leverages a proprietary predictive analytics
model to forecast the high demand hours when consumers' capacity and
transmission charges are set for the following year. By activating a
customized energy reduction strategy during peak hours, enterprises using
DemandSMART Predictor can dramatically reduce their ICAP charges, which can
account for up to 30 percent of their annual electricity costs.
"DemandSMART Predictor is a powerful tool with an impeccable track record in
other markets. We're excited to now offer this solution to our expansive New
England customer base," said Tim Healy, Chairman and CEO of EnerNOC. "By
pairing our granular understanding of the electric power grid in New England
with our predictive analytic capabilities, we are able to help our customers
proactively reduce a significant driver of their energy costs."
With DemandSMART Predictor, customers get a daily notification of the
likelihood of a peak demand hour occurring that day, a specific timeframe when
energy reduction strategies should be enacted, as well as a forecast for the
week ahead. When a peak hour is predicted, customers can monitor their load
with DemandSMART's real-time energy profiling tools.
"We are excited to add DemandSMART Predictor to our product offerings for New
England customers, and we will continue to work with ISO-NE and other
stakeholders to create new opportunities for demand response to deliver value
to the grid and to ratepayers," said David Brewster, President of EnerNOC.
"New England is already our largest market for energy efficiency and our
second largest market for supply procurement services, and we look forward to
continuing to grow our presence in the region with innovative new solutions
that help our customers save money on their utility bills."
DemandSMART Predictor is part of a suite of energy management applications and
services that help customers throughout New England proactively manage energy
to drive bottom line results. Other products include EfficiencySMART,
technology and services designed to deliver continuous energy savings, and
SupplySMART, EnerNOC's energy procurement and risk management offering. For
more information, visit www.enernoc.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 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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