EnerNOC (ENOC) and Pacific Gas & Electric are joining forces to increase the energy efficiency of PG&E’s commercial and institutional customers. The 3 year deal will provide PG&E customers with EnerNOC’s SiteSMART smart grid application in Northern and Central California. The SiteSMART app combines advanced metering technology with data analysis software to provide insight into energy usage that EnerNOC can then use to make energy efficiency recommendations and provide a more comfortable environment in extreme weather conditions.
EnerNOC CEO Tim Healy commented on the deal: “Although the economy is beginning to rebound, most businesses are still operating within capital-constrained budgets. EnerNOC provides innovative applications to help customers drive energy efficiency results that have a considerable and immediate bottom line impact. EnerNOC’s unique ability to provide commercial and institutional customers with integrated energy efficiency and demand response applications gives customers a comprehensive approach to capture greater and more persistent energy savings over time.”
Shares of ENOC are flat today and still working on carving out a new base pattern.