BOSTON, Jan. 26, 2015 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq: ENOC ), a leading provider of energy intelligence software (EIS), today announced that Forbes Insights has issued a research report that provides insights into why energy management software is critical to helping enterprises reduce energy costs, mitigate risks, streamline compliance, and increase operational efficiency.
The report, " No More Wasted Energy: The Power of Energy Intelligence Software ," published in association with EnerNOC, highlights several trends that stand to further increase demand for energy intelligence software and features interviews with executives from Blommer Chocolate, Boston Properties, California State University, and Sodexo.
"This report highlights issues that are vital across the organization, from energy managers to the CFO," said Bruce Rogers, Chief Insights Officer of Forbes Media. "Information technology has transformed energy into a controllable cost."
Key insights identified in the report include:
- Most senior executives remain unaware of their annual energy costs , despite the fact that enterprises typically spend between 3% and 5% of their revenue on energy. Many enterprises spend as much as $500 million a year on energy.
- Energy waste is a drain on corporate budgets. In total, building energy waste costs commercial and industrial entities $60 billion in unnecessary energy spend annually.
- Managing energy effectively is complex. The cost of energy is more challenging to manage than the cost of most commodities. Nuances like peak demand charges and ongoing price volatility confound even the most proactive energy managers.
- Software can solve the energy management problem for the enterprise. Companies that use energy intelligence software see clear bottom-line results stemming from real-time visibility into costs and usage, accurate accruals, and helpful insights that allow energy managers to proactively take action.
"Technology has been incredibly effective at increasing productivity and reducing operating costs across business functions within the enterprise – using energy intelligence software for energy management is no different. This report underscores how important it is for businesses to leverage an enterprise software solution to take control of energy costs, gain visibility into spend against budget, and forecast accurately," said Tim Healy, Chairman and CEO of EnerNOC.
To download a copy of the white paper, go to www.forbes.com/forbesinsights/enernoc/ .
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 .
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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.
Media Relations and Investor Relations: Robin Deliso 617.692.2601
