Commercial Real Estate Company Deploys EfficiencySMART(TM) Insight to Reduce Energy Costs and Expand Sustainability Leadership
EnerNOC's Energy Management Software Analyzes Data From Over 25 Glenborough, LLC Properties to Identify Energy Savings Opportunities
BOSTON, Dec. 6, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications and services, today announced that Glenborough, LLC will deploy EfficiencySMART Insight as its enterprise energy management platform. Glenborough, an EnerNOC demand response customer since mid-2011, has already deployed EnerNOC's DemandSMARTTM software which has delivered significant value to the commercial real estate company. The addition of EfficiencySMART Insight software to the DemandSMART offering means that Glenborough will capitalize on energy data already being gathered through DemandSMART. While Glenborough can currently view its energy use through the DemandSMART portal, the addition of EfficiencySMART unlocks powerful analytics and proprietary diagnostics that will derive even greater value from Glenborough's data, and identify additional savings opportunities.
Glenborough will deploy EnerNOC's EfficiencySMART Insight software across its portfolio of commercial properties in California, New Jersey, Colorado, and Maryland. EfficiencySMART Insight will collect energy data from each building in Glenborough's portfolio and generate actionable business intelligence and recommendations. Unlike other solutions that focus only on alerts or dashboards, EfficiencySMART Insight delivers a prioritized list of the highest impact energy savings opportunities so that property managers can make informed decisions about resource allocation.
"Our customers place premium value on highly efficient operations, and we already know through our experience with DemandSMART that real-time data can be a powerful tool for identifying savings opportunities," said Carlos Santamaria, Vice President of Engineering Services for Glenborough and Vice Chair of the Building Owners & Managers Association (BOMA) International Energy & Environment Committee. "With EfficiencySMART Insight, we can leverage EnerNOC's automated analytics to scale those efforts, pinpoint the highest payback opportunities across our portfolio, and further advance our industry-leading commitment to sustainable operations. We're positioning our buildings to be 'Smart Grid prepared' so that we can maximize energy savings through current and future utility incentive programs."
EfficiencySMART Insight will be part of Glenborough's comprehensive approach to energy management, which has already earned the company accreditation as an ENERGY STAR Top Performer for two years in a row. In addition, Glenborough has accepted BOMA's 7-Point Challenge to improve energy performance and pursue a portfolio-wide 30 percent energy usage reduction.
"Glenborough is a prime example of what great energy management looks like. It starts with having clearly defined goals, an organization-wide plan, and a commitment to using data and software to drive meaningful results. We are excited that EfficiencySMART Insight will be the engine that powers Glenborough's industry-leading efforts," said Tim Healy, Chairman and CEO of EnerNOC.
EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility SolutionsTM offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMARTTM, comprehensive demand response; EfficiencySMARTTM, continuous energy savings; and SupplySMARTTM, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
Glenborough, LLC brings over three decades of experience to the commercial real estate industry. Formerly a NYSE listed real estate investment trust, the company is a privately held full service real estate investment and management company focused on the acquisition, management, and leasing of high quality commercial properties. We invest in core and value add properties in major markets across the country including San Francisco, Southern California, and Washington DC.
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