Commercial Real Estate Company Deploys EfficiencySMART(TM) Insight to Reduce Energy Costs and Expand Sustainability Leadership
(GlobeNewswire Via Acquire Media NewsEdge) BOSTON, Dec. 6, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications and services, today announced that Glenborough, LLC will deploy EfficiencySMART Insight as its enterprise energy management platform. Glenborough, an EnerNOC demand response customer since mid-2011, has already deployed EnerNOC's DemandSMART™ software which has delivered significant value to the commercial real estate company. The addition of EfficiencySMART Insight software to the DemandSMART offering means that Glenborough will capitalize on energy data already being gathered through DemandSMART. While Glenborough can currently view its energy use through the DemandSMART portal, the addition of EfficiencySMART unlocks powerful analytics and proprietary diagnostics that will derive even greater value from Glenborough's data, and identify additional savings opportunities.
Glenborough will deploy EnerNOC's EfficiencySMART Insight software across its portfolio of commercial properties in California, New Jersey, Colorado, and Maryland. EfficiencySMART Insight will collect energy data from each building in Glenborough's portfolio and generate actionable business intelligence and recommendations. Unlike other solutions that focus only on alerts or dashboards, EfficiencySMART Insight delivers a prioritized list of the highest impact energy savings opportunities so that property managers can make informed decisions about resource allocation.
"Our customers place premium value on highly efficient operations, and we already know through our experience with DemandSMART that real-time data can be a powerful tool for identifying savings opportunities," said Carlos Santamaria, Vice President of Engineering Services for Glenborough and Vice Chair of the Building Owners & Managers Association (BOMA) International Energy & Environment Committee. "With EfficiencySMART Insight, we can leverage EnerNOC's automated analytics to scale those efforts, pinpoint the highest payback opportunities across our portfolio, and further advance our industry-leading commitment to sustainable operations. We're positioning our buildings to be 'Smart Grid prepared' so that we can maximize energy savings through current and future utility incentive programs."
EfficiencySMART Insight will be part of Glenborough's comprehensive approach to energy management, which has already earned the company accreditation as an ENERGY STAR Top Performer for two years in a row. In addition, Glenborough has accepted BOMA's 7-Point Challenge to improve energy performance and pursue a portfolio-wide 30 percent energy usage reduction.
"Glenborough is a prime example of what great energy management looks like. It starts with having clearly defined goals, an organization-wide plan, and a commitment to using data and software to drive meaningful results. We are excited that EfficiencySMART Insight will be the engine that powers Glenborough's industry-leading efforts," said Tim Healy, Chairman and CEO of EnerNOC.
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™ 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; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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Glenborough, LLC brings over three decades of experience to the commercial real estate industry. Formerly a NYSE listed real estate investment trust, the company is a privately held full service real estate investment and management company focused on the acquisition, management, and leasing of high quality commercial properties. We invest in core and value add properties in major markets across the country including San Francisco, Southern California, and Washington DC.
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™ solutions, 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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Source: EnerNOC, Inc.
2012 GlobeNewswire, Inc.
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