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

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EnerNOC, Inc. : Northern Illinois University to Improve Campus Energy Use With EnerNOC's EfficiencySMART

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08/28/2012 | 04:16pm CEST

BOSTON, Aug. 28, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy efficiency solutions and services for commercial, institutional, and industrial energy users, today announced that Northern Illinois University (NIU) has selected EnerNOC's EfficiencySMART™ Commissioning solution to improve energy use at its Stevenson Towers residence halls. In this retro-commissioning project, EnerNOC will identify and address energy efficiency measures in the residence halls, which house approximately 1,800 students. These services are funded through an incentive program by the Illinois Department of Commerce & Economic Opportunity and managed by the Smart Energy Design Assistance Center.

"Like many organizations and institutions who serve the public good, Northern Illinois University intends to achieve maximum benefit at a minimum cost," said Kevin Howard, Chief Engineer at NIU's Heating Plant. "Energy efficiency is an excellent way to maintain our educational programs and lower costs without any impact on student comfort or satisfaction. EnerNOC gives us visibility into opportunities for savings, and we are excited to take advantage of those opportunities through this retro-commissioning program."

Northern Illinois University serves a student body of approximately 23,000 students, many of whom live in the University's residence halls. The Stevenson Towers facilities consist of four 13-story high rise buildings, as well as a food-court style dining hall that operates with extended hours. Through this project, EnerNOC will establish baseline building performance before assessing potential operating improvements for all air handling units, pumps, and a sample of fan coil units. Tests will also be conducted to verify functionality of points controlled and monitored by the buildings' energy management and control system, and any deficiencies discovered will be logged and prioritized by cost and potential savings to maximize the return on NIU's energy-efficiency spend.

"For a large organization like Northern Illinois University, energy is a major cost driver. Regular retro-commissioning corrects expensive inefficiencies that might otherwise go unchecked," said Tim Healy, Chairman and CEO of EnerNOC. "Our engineers work alongside facilities staff to determine the best opportunities for greater efficiency."

EnerNOC provides energy management services to many leading universities, including the California State University system and Carnegie Mellon University. To learn more about EnerNOC and its EfficiencySMART energy efficiency product suite, please visit http://www.enernoc.com/for-businesses.

About EnerNOC

EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. 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, and the impact that those applications and services may have, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, EnerNOC'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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EBIT 2017 -55,9 M
Net income 2017 -70,0 M
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Capitalization 163 M
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