EnerNOC and Tesla to Collaborate on Energy Storage
May 01 2015 - 8:34AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS), today announced that it will
collaborate with Tesla on the deployment and management of energy
storage systems in commercial and industrial buildings. EnerNOC and
Tesla will enable enterprises to monetize the batteries through
demand charge management and demand response using EnerNOC's EIS.
Initial collaboration will include select EnerNOC customers in
California.
"By working together, EnerNOC and Tesla can help enterprises
find new, innovative ways to save money and get paid for their
operational flexibility," said Tim Healy, Chairman and CEO of
EnerNOC. "Energy storage has great potential and is a natural fit
with energy intelligence software. We are excited to explore the
possibilities with Tesla."
Enablement of EnerNOC customer sites with Tesla energy storage
systems is currently underway.
"Energy management today is more complicated than simply buying
power from the utility. Innovative companies like Tesla give us new
options that enable us to reduce our reliance on the grid when
prices are high, and EnerNOC's software gives us the visibility we
need to make informed decisions about when to use these
technologies and how to measure the impact they're having on our
business," said Scott Limbacher, Vice President of Construction and
Maintenance at Stater Bros. Markets, a Southern California
supermarket chain.
For information about joining the program, please visit
www.enernoc.com/contact-us/sales.
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.
CONTACT: EnerNOC Media Relations:
Robin Deliso
617.692.2601
news@enernoc.com
Investor Relations:
Christopher Sands
617.692.2569
ir@enernoc.com
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