EnerNOC and SunPower Enhance Energy Intelligence of Commercial and Industrial Customers
March 25 2015 - 8:00AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS), and SunPower Corp. (Nasdaq:SPWR), a
leading global provider of solar solutions, today announced a
strategic agreement that will enable SunPower's customers to verify
the impact of their solar energy investments and drive optimum
energy savings with EnerNOC's world-class energy intelligence
platform. Under the three-year agreement, EnerNOC will exclusively
offer SunPower solar solutions to its enterprise customer base, and
SunPower will exclusively offer EnerNOC's energy intelligence
software to its commercial and industrial solar customers in the
U.S. and Canada. As part of the agreement, SunPower will start
deploying EnerNOC's SaaS (software as a service) solution bundled
with solar to its existing enterprise and institutional customers.
"SunPower is focused on offering Smart Energy solar solutions to
allow our customers to intelligently manage energy supply and
demand, and achieve their energy goals," said Tom Werner, SunPower
president and CEO. "With EnerNOC's energy intelligence software,
our customers will get energy and demand management analytics
integrated with real-time SunPower solar production and
performance. This will allow them to better budget and manage their
energy bills, including shifting usage to mitigate demand charges,
which may comprise 30 percent or more of a monthly energy bill. Our
two companies will work together to continuously evolve these
services and offer customers best-in-class solar technology coupled
with industry-leading energy intelligence and management."
"More and more enterprises want to take control of their energy
costs and, as a result, the demand for solar has dramatically
increased. The declining price of commercial solar – a 45% drop
since 2012 – has made it even more attractive, as evidenced by the
more than doubling of installations by leading Fortune 100
companies in the past three years," said Tim Healy, chairman and
CEO of EnerNOC. "Solar solutions require robust analytics and
verification capabilities to maximize their value, which is why
we're excited to partner with SunPower in North America to offer an
integrated solution to enterprise customers."
The agreement announced today is the latest in SunPower's
strategy to invest in integrated technology solutions to help
customers manage their cost of energy, reinforcing the company's
evolution to offering Smart Energy solutions for its residential,
commercial and utility customers. The agreement also advances
EnerNOC's strategy to offer a broad and integrated software
platform to support the energy management needs of its commercial
and industrial customers.
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.
The EnerNOC, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5804
About SunPower
SunPower Corporation (Nasdaq:SPWR) designs, manufactures and
delivers the highest efficiency, highest reliability solar panels
and systems available today. Residential, business, government and
utility customers rely on the company's quarter century of
experience and guaranteed performance to provide maximum return on
investment throughout the life of the solar system. Headquartered
in San Jose, Calif., SunPower has offices in North and South
America, Europe, Australia, Africa and Asia. For more information,
visit www.sunpower.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, including
financial savings, 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," "are
well positioned to," 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: EnerNOC Media Relations:
Robin Deliso
617.692.2601
news@enernoc.com
SunPower Media Relations:
Ingrid Ekstrom
510.260.8368
iekstrom@sunpower.com
EnerNOC Investor Relations:
Christopher Sands
617.531.6189
ir@enernoc.com
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