BOSTON, June 15, 2015 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), announced today that it has won an MITX Award from the Massachusetts Innovation & Technology Exchange (MITX), the premier Internet business and marketing association in New England.
EnerNOC’s enterprise energy intelligence software platform won in the “Most Insightful: Big Data and Analytics Innovation” category. Products in this category help to create actionable value for their users as a result of spotting trends, patterns, and unanticipated relationships.
EnerNOC’s award nomination focused on several recent software updates, including:
- A new user interface (UI) design that makes building-related energy data more personal and actionable. EnerNOC's new UI prioritizes the most important and relevant information for each user, and translates energy data into more meaningful financial terms that anyone in an enterprise can understand. The new capabilities allow users to share opportunities and assign them to stakeholders across the organization in a single click. This new UI is available on any device.
- Accurate energy cost accruals that enable proactive decision making. EnerNOC's software eliminates manual estimations and use of blended energy rates, and instead uses customer-specific contract terms to develop accurate cost accruals weeks or months before the final bill is available to the customer.
- A predictive algorithm that allows users to reduce demand charges. This capability, released last year, alerts users up to 24 hours before peak demand costs are set and allows building staff to plan and execute alternative operating schedules when the economics warrant such action.
“EnerNOC’s software removes the complexity from energy management decisions and simplifies them for the user, giving enterprises the confidence to know that they’re acting when opportunity knocks and prioritizing the highest impact activities,” said Fielder Hiss, Vice President of Marketing and Product Management at EnerNOC. “EnerNOC is transforming the way businesses manage their energy expense and we’re honored to be recognized by MITX. Thank you to our entire Product team for their hard work and congratulations on yet another job well done.”
To learn more about EnerNOC’s enterprise solutions, go to: http://www.enernoc.com/solutions/enterprise-solutions
About EnerNOC
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 budgeting and procurement, utility bill management, facility optimization, visibility and reporting, project tracking, demand management, and demand response. EnerNOC’s EIS solutions for utilities help maximize customer engagement and the value of demand-side resources, including demand response and energy efficiency. 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.
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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