Boston Properties Expands Deployment of EnerNOC's Energy Intelligence Software Platform
(GlobeNewswire Via Acquire Media NewsEdge) BOSTON, Sept. 3, 2014 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that Boston Properties, a real estate investment trust and one of the largest owners, managers, and developers of commercial office properties in the United States, has expanded its deployment of EnerNOC's software to include utility bill management across its portfolio. As of June 30, 2014, Boston Properties' portfolio consisted of 180 properties, comprised primarily of Class A office space, totaling approximately 46.6 million square feet. Boston Properties has been an EnerNOC customer since 2006.
"With this deployment, we are taking an enterprise and all-inclusive approach to our energy data by unlocking invoice data and complementing it with existing real-time meter data. The platform will increase visibility through streamlined reporting and introduce efficiencies for our property operations in the processing and handling of data while supporting our overall sustainability program. This investment will underpin our entire reporting and benchmarking processes for greater responsiveness including integration with ENERGY STAR," said Jim Whalen, Senior Vice President and Chief Information Officer of Boston Properties.
This expanded deployment of EnerNOC's software will help Boston Properties improve management of the thousands of utility bills it receives each year, and provide better data to inform more accurate budget forecasts. EnerNOC first began working with Boston Properties to optimize its energy procurement, and the relationship expanded to incorporate other energy intelligence software and solutions, including demand response, analytics for facility optimization, and a dedicated energy advisor.
"Boston Properties has demonstrated strong leadership in innovative energy management for years, and this expanded deployment affirms its commitment to solutions that deliver value for tenants, management, and owners alike," said Tim Healy, Chairman and CEO of EnerNOC. "Using energy intelligence software, companies like Boston Properties can gain visibility into sustainability and other core business goals, identify bill errors, and surface other opportunities for savings that can differentiate an organization among industry peers in a meaningful way."
To learn more about EnerNOC's energy intelligence software, visit: www.enernoc.com/solutions/enterprise-solutions.
EnerNOC is a leading provider of cloud-based energy intelligence software (EIS) and services to thousands of enterprise customers and utilities globally. EnerNOC's EIS solutions for enterprise customers improve energy productivity by optimizing how they buy, how much they use, and when they use energy. EIS for enterprise includes supply management, utility bill management, facility optimization, visibility and reporting, project management, demand management, and demand response. EnerNOC's EIS solutions for utilities help maximize the value of demand-side resources, including fully outsourced and utility-managed demand response and energy efficiency programs that drive customer engagement. EnerNOC supports customer success with its world-class professional services team and a Network Operations Center (NOC) staffed 24x7x365. For more information, visit www.enernoc.com.
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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 intelligence software, and the benefits that customers may derive from technology updates or enhancements to that software, 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.
2014 GlobeNewswire, Inc.
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