BOSTON, Feb. 4, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading developer and provider of clean and intelligent energy solutions, today announced that it is sponsoring the Massachusetts Institute of Technology (MIT) Clean Energy Prize. The MIT Clean Energy Prize is a top business plan competition open to all full-time students in the United States. Winning teams will receive cash and other prizes including legal advice and administrative support to help commercialize clean energy innovations in Massachusetts and throughout the world. Total prize awards are valued at over $500,000.
EnerNOC, which offers energy efficiency technologies and other smart grid applications that enable commercial, institutional, and industrial customers to achieve low-cost and no-cost energy savings, is sponsoring the energy efficiency category.
"Energy efficiency and other smart grid applications represent some of the largest and most cost-effective opportunities for our nation to become more energy independent. By supporting the MIT Clean Energy Prize, EnerNOC is supporting the next wave of entrepreneurs who will help us capitalize on that opportunity," said Tim Healy, Chairman and CEO of EnerNOC. "In addition, supporting the MIT Clean Energy Prize attracts more clean energy innovators to Massachusetts, creates green jobs, and enhances the region's position as the hub of clean tech innovation."
"Our goal is to provide game-changers in the energy industry with the resources they need to provide breakthrough technologies that will redefine the energy landscape," said MIT President Susan Hockfield. "We're grateful that EnerNOC honors its position as a leader in the clean tech industry not only by supporting the Clean Energy Prize, but also by staying actively involved in the MIT community."
The 2009 MIT Clean Energy Prize is affiliated with MIT's $100K Entrepreneurship Competition - the world's leading university entrepreneurship competition. Notable alumni of the competition include companies like Akamai and Direct Hit (acquired by AskJeeves).
"MIT's Entrepreneurship Competitions have been the driving force behind many of the companies that reshaped the Internet era. We support this initiative because we hope it has the same impact on the evolution of smart grid applications and the further development of the clean tech ecosystem," continued Healy.
Additional information regarding the MIT Clean Energy Prize and the full competition is available at www.MIT100K.org/CEP/. Updates on the progress of teams participating in the competition will be available at that address over the coming months.
About EnerNOC
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand.
For information about joining EnerNOC's demand response network, please visit www.enernoc.com/get-started or email info@enernoc.com.
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