EnerNOC, Inc. (NASDAQ: ENOC), a provider of energy management applications, announced that the Commonwealth of Massachusetts selected it to provide an Enterprise Energy Management System (EEMS) to reduce energy costs at more than 470 state-owned facilities.
The budget for the project is $10 million and it is expected to enable the Commonwealth to realize energy savings of 5% to 15%, ultimately achieving an expected $10 million per year in energy savings when fully deployed.
The initial three-year project includes deploying EnerNOC’s energy management applications at more than 17 million square feet of state-owned office buildings, colleges and universities, state prisons, state hospitals, and other public buildings, delivering critical real-time energy information to over 1,000 professionals in the Commonwealth.
Three of EnerNOC’s energy management applications will be deployed to drive energy savings: SiteSMART™, data-driven energy efficiency; SupplySMART™, energy bill analysis and risk management; and CarbonSMART™, enterprise carbon management. The CarbonSMART deployment will represent the largest carbon accounting Software-as-a-Service (SaaS) project in the United States, EnerNOC said in a release.
The relationship between EnerNOC and the Commonwealth may extend for an additional three years to implement Phase II, covering an additional 40 to 50 million square feet of state building space. In addition to energy savings for the Commonwealth, EnerNOC expects that deploying a project of this scale will help to create roughly 50 cleantech jobs.
"Nationwide, as state and local budgets are under intense pressure, legislators are increasingly recognizing that energy management is not only an environmental imperative, but also a financial necessity with the potential to deliver significant relief to taxpayers,” said Tim Healy, Chairman and CEO of EnerNOC. “Massachusetts spends over $200 million on energy every year. Leveraging EnerNOC’s application-driven approach to identify, implement, and track savings on electricity, natural gas, fuel oil, steam, water, and renewable energy resources is a cost-effective way to deliver substantial energy savings year after year.”
“Measuring energy performance for all fuel types in real time, the project will quickly and accurately reveal patterns and pockets of inefficiency that exist even in the best-run buildings, enabling agencies to target energy improvement projects,” said Energy and Environmental Affairs (EEA) Secretary Ian Bowles.
EnerNOC was selected by the Commonwealth through a Request for Response for the EEMS issued by the Massachusetts Department of Energy Resources (DOER) in December, which yielded 25 proposals, of which five were short-listed and asked to provide detailed proposals in February.
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