EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions, and
Brookfield Global Integrated Solutions (BGIS), a leading real
estate management services company that manages approximately 300
million square feet of client portfolios across 30,000 locations
globally, have entered into a strategic partnership.
EnerNOC and BGIS have teamed up to deliver an integrated energy
management and facility optimization solution to multi-site
customers across North America. This partnership, which allows BGIS
to deliver energy savings at a scale unachievable through a
services-alone model, comes on the heels of a successful pilot
engagement at a portfolio of retail banking locations, where the
combined solution delivered an annualized 25% in energy
savings.
Under the terms of the partnership, BGIS will resell EnerNOC’s
software and, when applicable, retrofit commercial real estate
facilities with a monitoring and control platform from EnerNOC’s
technology partner, ENTOUCH. The software will analyze energy usage
across geographically dispersed real estate portfolios.
Centrally-located analysts at BGIS’ Global Command Center will
review optimization opportunities that are automatically surfaced
by EnerNOC’s software and either make the necessary adjustments
remotely or deploy its trained technicians to implement corrective
actions on-site. The full-service solution ensures that customers
can maximize value with minimal disruption to in-house staff,
making it simple for customers to realize meaningful bottom-line
savings, improve sustainability outcomes, and ensure sites are
operating in compliance with company standards and best
practices.
“As a recognized leader in the provision of real estate
management services, BGIS’ goal is to make sure that buildings are
running at optimal efficiency and occupants are comfortable and
productive, enabling our customers to focus on running their core
businesses,” said Gord Hicks, CEO, Americas, BGIS. “After assessing
several potential partners, we selected EnerNOC for their
industry-leading automated analytics capabilities and ability to
offer the building automation system technology and analytics that
add value quickly across a broad portfolio of buildings. This
robust and cost-effective solution helps us deliver stronger
business cases to our customers translating kilowatt hours into
real dollars, with a very attractive return on investment. We are
so confident that our clients will realize results that BGIS will
guarantee energy savings.”
“We’re excited to partner with BGIS, which has earned the trust
of many of North America’s largest and most respected organizations
through their expertise and exceptional service,” said Micah
Remley, SVP and General Manager of Software at EnerNOC. “This
combined offering enables BGIS to offer a premium, differentiated
solution to their customers, further cementing their position as a
leading provider of turnkey facility management, while extending
EnerNOC’s go-to-market channel and exposing more end-users to the
power of EnerNOC’s software.”
“Many companies that have expressed an interest in more
sophisticated energy management solutions lack the internal
resources to take action on the operational insights that are
regularly surfaced through a SaaS application like EnerNOC’s energy
intelligence software. The partnership between BGIS and EnerNOC
makes a great deal of sense because it makes it easy for customers
to achieve their expense reduction, asset value creation, or
environmental, social, and governance goals,” said Rodolphe
D’Arjuzon, Research Director at Verdantix, a research firm focused
on energy, environmental and sustainability challenges.
“In collaboration with EnerNOC, we provide BGIS with a proven
smart building solution that significantly reduces energy costs,
optimizes facility efficiency and unlocks hidden savings for their
valued customers,” said Greg Fasullo, CEO, ENTOUCH. “By integrating
our IoT platform and real-time control with EnerNOC’s energy
intelligence software, we will enable smarter buildings and smarter
business decisions for BGIS and their customers which will
transform bottom-line operating costs into top-line
opportunities.”
About Brookfield Global Integrated
SolutionsBrookfield Global Integrated Solutions (BGIS) is
a leading provider of real estate management services, including
facilities management, project delivery services, energy and
sustainability solutions, building performance management,
workplace advisory and management, and real estate services. With a
combined team of over 7,000 team members globally, BGIS inspires
better business performance across its client’s real estate
portfolios by developing and implementing real estate and
facilities management strategies. Globally, BGIS manages over 300
million square feet of client portfolios across 30, 000 + locations
in North America, Europe, Australia, New Zealand and Asia.
Further information is available at www.brookfieldgis.com.
BGIS is a subsidiary of Brookfield Business Partners, a business
services and industrial company focused on owning and operating
high-quality businesses that benefit from barriers to entry and/or
low cost production. Brookfield Business Partners is listed on the
New York and Toronto stock exchanges (NYSE:BBU) (TSX:BBU.UN).
About ENTOUCH
ENTOUCH is a nationally recognized technology company that
leverages a proven internet of things (IoT) platform which enables
multi-site companies to make data-driven decisions for smarter
buildings. ENTOUCH’s integrated, cloud-based software offers rapid
deployment and real-time control to enhance customer experience,
promote operational efficiency, improve equipment performance,
reduce energy cost and increase profitability. For more
information, visit www.entouchcontrols.com.
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 SaaS platform helps
enterprises 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 enterprises a valuable payment stream to further enhance
bottom line results and utilities and grid operators a reliable,
cost-effective demand-side resource. 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 Company's future financial performance on both a GAAP and
non-GAAP basis, and the future growth and success of the Company's
energy intelligence software and demand response solutions, 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 Contact:
Sarah McAuley
617.532.8195
news@enernoc.com
Brookfield Global Integration Solutions Contact:
Amanda Kusick
647-466-7595
amanda.kusick@brookfieldgis.com
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