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4-Traders Homepage  >  Equities  >  Nasdaq  >  EnerNOC, Inc.    ENOC

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EnerNOC, Inc. : Denver Public Schools Adds Demand Response and Energy Efficiency to Sustainability Strategy

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01/08/2013 | 05:42pm CET
School District Deploys EnerNOC Solutions to Drive Savings Across 24 Facilities Totaling 4.5 Million Square Feet

BOSTON, Jan. 8, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications and services, today announced that Denver Public Schools (DPS) has deployed the company's DemandSMART™ and EfficiencySMART™ Insight applications across the school district's 24 facilities (totaling 4.5 million square feet) in greater Denver, Colorado. These tools provide DPS with unprecedented visibility into its buildings' energy usage. DemandSMART enables the school district to reduce energy use during periods of peak demand and receive payments through Xcel Colorado's Demand Response (DR) Program, while EfficiencySMART Insight's powerful analytics and proprietary diagnostics proactively identify energy savings opportunities.

Denver Mayor Michael Hancock recently challenged those in the Denver metro areas - including private building owners, nonprofit organizations, and Denver Public Schools - to respond to the 2011 White House call to improve energy performance by a minimum of 20% by 2020 across 1.6 billion square feet of office, industrial, municipal, hospital, university, and school building space. DPS has chosen to answer the call by deploying EnerNOC's energy management software, which will both enable participation in demand response and allow the schools to analyze their real time energy data to identify areas for improvement.

EfficiencySMART Insight is a cloud-based energy management solution that continuously analyzes energy data and identifies operational inefficiencies. The EfficiencySMART deployment also includes EnerNOC analyst support that advises the schools on appropriate low- and no-cost energy efficiency measures, such as strategies for avoiding peak demand charges, smarter start-up and night-setback schedules, and other changes that can have a meaningful impact on annual energy spend.

"With EfficiencySMART, we can see how much energy each of our buildings is using in real-time," said Jim Faes, Director of Sustainability for Denver Public Schools. "In the past, we had no idea how much energy we were using until we got the bill a month later. Now we can see changes in energy use as they happen and make corrections along the way that result in less waste and lower costs."

"For school districts, every dollar spent on energy is a dollar that's not being spent directly on student programs," said Tim Healy, Chairman and CEO of EnerNOC. "Our goal is to empower facility managers to make better energy management decisions, improve comfort, and decrease maintenance costs - all of which means that there is more money to reinvest back into the school community."

For more information on DemandSMART, EfficiencySMART, and EnerNOC's other energy management services, please visit www.enernoc.com.

About 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; and SupplySMART™, energy price and risk management. Our Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.

The EnerNOC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5804

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 applications, 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.

CONTACT: Media Relations: Sarah McAuley, (617) 532.8195,

         news@enernoc.com

         Investor Relations: Jennifer Varley, (617) 532.8104,

         ir@enernoc.com
Source: EnerNOC, Inc.

News Provided by Acquire Media

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Financials ($)
Sales 2016 400 M
EBIT 2016 -59,3 M
Net income 2016 -53,6 M
Finance 2016 68,4 M
Yield 2016 -
P/E ratio 2016 -
P/E ratio 2017
EV / Sales 2016 0,30x
EV / Sales 2017 0,58x
Capitalization 187 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 9,60 $
Spread / Average Target 59%
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NameTitle
Timothy G. Healy Chairman & Chief Executive Officer
David B. Brewster President & Director
Don Jenkins Vice President-Operations
William G. Sorenson Chief Financial Officer
Hugh Scandrett Vice President-Engineering
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