EnerNOC signs EfficiencySMART contract with Southern California Edison

Source: EnerNOC, Inc.

EnerNOC, Inc. (NASDAQ:ENOC), a leading provider of energy management applications for the smart grid, announced today that it has entered into a contract with Southern California Edison (SCE), an Edison International company (NYSE: EIX), to deliver EnerNOC's EfficiencySMART™ data-driven energy efficiency application to SCE customers. As part of the contract, which runs through December 31, 2012, SCE will provide funding for EfficiencySMART Commissioning deployments at commercial and institutional customer sites, enabling SCE customers to receive all metering and monitoring equipment, as well as the first year of energy efficiency data analytics and reporting, at a significantly reduced cost. 

"With our track record of successfully deploying data-driven energy efficiency programs, we're seeing increased interest from utilities to leverage the power of our unique applications to meet their energy efficiency targets," said Tim Healy, Chairman and CEO of EnerNOC. "Using data to achieve persistent energy savings is a practical, cost-effective solution that is perfectly aligned with national, regional, and local energy efficiency objectives." 

EfficiencySMART Commissioning combines advanced metering technology with sophisticated software to provide valuable insights into facilities' energy usage. EnerNOC analysts review energy savings opportunities identified by EfficiencySMART to deliver clear, actionable, low- or no-cost recommendations that help customers reduce energy consumption, prioritize maintenance issues, and enhance occupant comfort. By deploying EfficiencySMART Commissioning, participating sites can expect to achieve 10 percent or more savings on their total addressable energy expenditures. 

EfficiencySMART Commissioning is part of EnerNOC's EfficiencySMART suite of applications and services. By helping customers understand their energy usage in real time, EfficiencySMART delivers energy savings opportunities based on customers' actual energy usage patterns. The EfficiencySMART suite includes three products: Commissioning, initial and retro-commissioning services blended with real-time, persistent commissioning technology; Insight, web-based enterprise energy monitoring; and Services, energy engineering and project design.

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