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BOSTON, July 21, 2015 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), announced today that Sacramento Municipal Utility District (SMUD), the sixth largest community-owned electric utility in the US, has successfully leveraged EnerNOC’s energy intelligence software to drive transparency and deliver significant savings in the utility’s wholesale gas and electricity purchases. SMUD relies on power from a variety of sources, including hydro, gas-fired generation, renewables, and wholesale electricity purchases to serve its 600,000+ commercial and residential customers.
SMUD began using EnerNOC’s auction platform for gas purchases, and in 2014 expanded the use of the platform to source wholesale electricity purchases. SMUD has a track record of aggressively procuring energy to cost-effectively serve its customers, and with the expanded use of this technology, its process has been further optimized to transact quickly.
“Conditions in our industry demand that SMUD is able to move at the speed of the often-volatile energy market, engage efficient bidder participation, streamline the transaction process, and prove that no stone was left unturned in securing the best price,” said Dennis Holcomb, Principal Energy Trader at SMUD. “SMUD can quickly activate EnerNOC’s platform to conduct an auction for our exact needs and ensure that we get the best possible price.”
“Energy procurement is a key component of our energy intelligence software platform. With the acquisition of World Energy, we added the industry’s leading auction platform to our solution. This technology helps enterprises and utilities alike secure the best available price for energy purchases, maintain bidder liquidity, and seize upon market opportunities when they arise,” said Todd Krause, Vice President of Global Utility Sales. “We’re excited to help more utilities realize the power of the auction platform and deepen our relationship with forward-thinking utilities like SMUD that are turning to software solutions to improve business performance.”
With over 200 bidders enabled to participate in auctions and trained to respond in as little as three hours’ time, EnerNOC’s software provides bidders with live feedback, driving competition to deliver the best available market price, and verifying results for all stakeholders. For a video demo of how EnerNOC helps utilities source their wholesale energy purchases, please visit http://getmore.enernoc.com/LP=578.
For more information about EnerNOC’s solutions for utilities, please visit http://www.enernoc.com/for-utilities.
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.
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