EnerNoc continues to expand in its home state of Massachusetts, securing a $10 million contract to provide energy use tracking to state colleges and universities, state prisons, and other public buildings.
The Enterprise Energy Management System contract accounts for nearly 20 percent of the funding that Massachusetts received from the Department of Energy under the American Recovery and Reinvestment Act.
EnerNoc will use three of its energy management applications, SiteSMART, SupplySMART, and CarbonSMART, to manage more than 17 million square feet of space across 470 properties. According to EnerNoc, the deployment of CarbonSMART across the state will be the largest carbon accounting software-as-service in the U.S. The program is expected to provide the Bay State with energy savings of 5 to 15 percent. Traditionally focused on demand response, EnerNoc began to diversify into carbon accounting and other fields approximately 18 months ago.
The management systems will allow building managers to track energy use in real time, alerting them to unexpected usage patterns and over time, highlight areas that need energy efficiency overhauls.
"Massachusetts spends over $200 million on energy every year,” Tim Healy, Chairman and CEO of EnerNoc, said in a statement. “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, making an immediate impact on the Massachusetts economy."
The contract also leaves the door open for a phase II, which would allow EnerNoc to manage up to 50 million more square feet of state building space.
The deal enhances EnerNoc’s position in its own backyard. The Boston-based company is already working across New England with the State of Maine, Vermont, Connecticut, Rhode Island, and the city of Boston. Expect to see it expand into Pennsylvania as well, which has made energy efficiency and demand response key components of its state's power platform.
Software & Analytics
EnerNoc Wins $10M Contract in Massachusetts
The Boston-based company will provide energy management apps for more than 17 million square feet of space.
-
48Where Will DOE’s Loan Program Make the Next Climate Tech Investments?
-
15What the Frack Is Happening With Natural Gas Prices?
-
9With an Energy Crisis Brewing, No Peak in Sight for Emissions