Eaton Chooses EnerNOC’s Energy Intelligence Software for Its Enterprise-Wide Energy Strategy
May 04 2016 - 8:31AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that global power management company Eaton has
purchased EnerNOC’s EIS to support its plan to leverage the
platform across approximately 100 top Eaton facilities over the
next several years. EnerNOC’s software solutions support Eaton’s
enterprise-wide initiative to lower operational costs, reduce
capital expenditures, proactively manage global energy spend, and
improve reporting.
“Eaton is a power management company keenly focused on reducing
energy expenses for our customers and across our global
enterprise,” said Rogerio Branco, Senior Vice President of
Corporate Supply Chain Management at Eaton. “We deployed our own
power management equipment throughout our facilities, but to more
efficiently manage our own energy, we needed an enterprise-class
software solution. EnerNOC’s EIS will help decision makers
throughout our organization make informed investments, respond
nimbly to changing market conditions, and adjust operations to
achieve maximum operational leverage.”
“This strategic agreement between EnerNOC and Eaton will serve
as a great example of what can be achieved when an organization
pairs its leading energy management hardware with EnerNOC’s energy
intelligence software across a large portfolio,” said Tim Healy,
Chairman and CEO of EnerNOC. “This relationship is demonstrative of
a broader trend we are seeing in the market; namely, that instead
of a project-based approach to energy management, companies are
taking a more holistic approach because they understand that energy
can be used as a strategic lever with impacts on the supply chain,
sustainability, and overall profitability.”
EnerNOC’s EIS supports Eaton’s strategy of giving its decision
makers improved visibility into energy spend, supporting better
enterprise-wide decisions regarding energy management and helping
to meet environmental compliance standards and reporting
requirements. Eaton will also use EnerNOC’s platform and advisory
services to centralize the management of utility bills for more
than 350 facilities and help manage corporate energy purchasing
activity.
To learn more about the challenges EnerNOC’s energy intelligence
software solves for businesses, go to:
https://www.enernoc.com/products/businesses/capabilities.
About EnerNOC
EnerNOC is a leading provider of energy intelligence software
(EIS) and demand response solutions. With capabilities to better
address budgets and procurement, utility bill management, facility
analysis and optimization, sustainability and reporting, project
tracking, and demand management, EnerNOC’s enterprise SaaS platform
helps businesses control energy costs, mitigate risk, and
streamline compliance and sustainability reporting. EnerNOC also
offers access to more demand response programs worldwide than any
other provider, offering businesses a valuable payment stream to
further enhance bottom line results. EnerNOC’s utility SaaS
platform enables energy suppliers to forge deeper customer
relationships, address regulatory mandates, and cost-effectively
integrate demand-side resources to improve grid reliability through
key capabilities, including customer engagement, demand response,
energy efficiency, operational effectiveness, and wholesale
procurement. 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.
EnerNOC Media Relations:
Robin Woodcock
617.692.2601
news@enernoc.com
EnerNOC Investor Relations:
Christopher Sands
617.692.2569
ir@enernoc.com
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