EnerNOC Announces Seven-Year Efficiency Services Contract With the San Francisco Public Utilities Commission
EnerNOC to Serve as Commissioning Authority for New Building Construction, Including City's New Public Safety Building
BOSTON, MA -- (Marketwire) -- 05/10/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy efficiency solutions for commercial, industrial, and institutional energy users, today announced that it has been selected as the Commissioning Authority in a seven-year contract with the San Francisco Public Utilities Commission (SFPUC). Through this master services agreement, which lasts through March 1, 2018, EnerNOC will work closely with building construction stakeholders to ensure that the City of San Francisco's new buildings operate efficiently and to the owners' specifications. The first project under this agreement is San Francisco's new Public Safety Building, a 300,000-square-foot LEED Gold facility set to open in 2014. This contract also includes potential task orders for additional projects to which EnerNOC will contribute its energy efficiency services in the coming years.
EnerNOC has already served as the Commissioning Authority on a variety of buildings for the City of San Francisco, including the San Francisco International Airport, the renovation of the Moscone Center, and the SFPUC's own headquarters building, a LEED Platinum facility. This agreement builds on the success of those initiatives, as SFPUC continues its commitment to the sustainable and economically sound development of its facilities.
"The Public Utilities Commission is assisting all San Francisco City Departments in building facilities that will benefit the city for years to come. That's why efficient and innovative building design is an essential part of our long-term development plan," said Masoud Vafaei, Program Manager at the San Francisco Public Utilities Commission. "Our relationship with EnerNOC has been highly productive, and we are pleased to be working with them on additional commissioning projects over the coming years."
Located in the Mission Bay area of San Francisco, the new Public Safety Building will house the San Francisco Police Department Headquarters, as well as both a police and fire station. Construction on this $168 million facility began in early 2012, during which time EnerNOC has been working with the SFPUC and Department of Public Works to provide a full range of LEED commissioning services for the project.
"Commissioning is about more than earning plaques and certifications; it's a sound investment in the lifecycle of a building. By keeping energy and related costs low at the beginning, the SFPUC is setting up its facilities for long-term operating success," said Tim Healy, EnerNOC's Chairman and CEO. "The SFPUC is clearly committed to efficient facility management, and this agreement is just the latest contribution to that cause. We are thrilled to be working with City leadership to improve energy management efforts across their facilities."
As Commissioning Authority for the SFPUC, EnerNOC will provide documented confirmation that building systems function according to criteria set forth in the project documents to satisfy the owner's operational needs for newly constructed facilities. This typically includes HVAC, building controls, water systems, lighting controls, and renewable energy sources. Depending on client needs, EnerNOC's work may also extend to building envelopes, wastewater, security, electrical distribution, emergency generators, A/V, and telecom systems. EnerNOC works closely with building owners, engineers, general contractors, architects, and all subcontractors to achieve optimum building performance and efficiency from the outset.
EnerNOC's EfficiencySMART solution delivers continuous energy savings by leveraging the powerful combination of the company's energy management expertise, advanced technology platform, and energy market access. EnerNOC provides energy management services for many public entities, including the States of New Mexico, Connecticut, Rhode Island, Colorado, Vermont, and Massachusetts, as well as major city and county governments, including Boston, Philadelphia, San Francisco, Houston, and Chicago, among others. To learn more about EnerNOC's full suite of energy efficiency services, please visit http://www.enernoc.com/for-businesses/efficiencysmart.
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. 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 energy management applications and services, including its EfficiencySMART services, and the benefits that customers may receive from these applications and services, 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.