BOSTON, Sept. 22, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy solutions, announced today the general availability of its latest release of CarbonTrak, an enterprise-class carbon accounting system to measure, manage, and report greenhouse gas (GHG) emissions and prioritize GHG reduction efforts. The new release helps EnerNOC customers not only collect the relevant data for GHG inventory disclosure, but also to transform GHG accounting into actionable information that can cut energy usage and costs.
"Whether inspired by reputational concerns or propelled by customer-mandate and pending legislation, carbon accounting is rapidly becoming a widespread enterprise practice," said Tom Arnold, Vice President of Energy Efficiency and Carbon Solutions, EnerNOC. "Unfortunately, many organizations spend more time struggling with data collection on complex spreadsheets than reviewing emissions data and energy projects to spot savings opportunities. EnerNOC is committed to arming our customer base with a transparent, auditable, and cost-efficient Software-as-a-Service solution that delivers efficient accounting and focuses team time on high return-on-investment carbon footprint analysis and energy efficiency management. Managing carbon can -- and should -- be a business-driven decision that drives bottom line results."
Among the feature enhancements in the latest release of CarbonTrak, EnerNOC announced the completed integration of eQuilibrium's (eQ) software, which was acquired by EnerNOC in June 2009. In addition, the latest release includes significant feature enhancements designed to better address the needs of EnerNOC's commercial, institutional, and industrial customer base throughout North America and the United Kingdom, including:
* Programmatic energy efficiency management and reporting: CarbonTrak goes beyond just data aggregation and helps organizations utilize the information to implement cost-saving energy efficiency measures. The latest release of CarbonTrak includes new functionality to manage mitigation projects by assembling discrete "programs" composed of multiple projects. For example, national energy managers can now publish a playbook of common energy strategies across the organization, allow field staff to modify parameters, and model the resulting changes to the firm's carbon footprint. * Enhanced user interface: CarbonTrak's new graphical user interface supports a more intuitive user interaction and streamlined access to information such as emissions factors and activity logs. The new user interface includes a holistic view of the customers' integrated organizational hierarchy and the corresponding data completion status. It also enables users to drill down to view individual facilities or entities and their related energy and emission data. * Improved scalability: Increased stability of CarbonTrak's conversion engine now supports a much more comprehensive factors database, enhanced real-time validation of data quality at the point of data entry, and real-time conversion of usage to energy and GHG for multiple emission factor sources. * Upgraded information security: New features in CarbonTrak can help protect critical information assets and bring carbon accounting practices in line with enterprise information security policies, extending the administrator's flexibility to manage data access by user, by role, and by module. * Expanded data validation and flexible reporting: A new CarbonTrak module reports on data quality and screens for abnormal changes in usage data to help identify and correct errors. Improvements to CarbonTrak's reporting capability include enhanced flexibility to export energy and usage data, as well as improved analytics support to meet the evolving reporting requirements as defined by standards such as Carbon Disclosure Project (CDP), Carbon Reduction Commitment (CRC), and The Climate Registry (TCR)
For more information about EnerNOC's CarbonTrak solution, please visit www.enernoc.com/carbontrak or sign up at www.enernoc.com/get-started.
About EnerNOC
EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response, energy efficiency, energy procurement, and emissions tracking and trading services. These solutions help optimize the balance of electric supply and demand, provide cost-effective alternatives to traditional power generation, transmission, and distribution infrastructure, and drive significant cost-savings for end-use customers. The Company uses its Network Operations Center, or NOC, and PowerTrak(R) enterprise software platform to remotely manage and reduce electricity consumption across a growing network of commercial, institutional, and industrial customer sites, making demand response capacity available to grid operators and utilities on demand, while helping end-users of electricity achieve energy savings, environmental benefits, and improved financial results. For more information visit www.enernoc.com.
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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 management solutions and the ability of EnerNOC's customers to derive benefits from such solutions , and the future success and scalability of CarbonTrak may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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, EnerNOC'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, Inc.
Media Relations:
Sarah McAuley
(617) 532.8195
news@enernoc.com
Investor Relations:
Will Lyons
(617) 532.8104
ir@enernoc.com
