EnerNOC Acquires Leading Carbon Management Software Platform

EnerNOC, Inc. - 06.17.2009

EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of clean and intelligent energy solutions, today announced that it has acquired privately-held eQuilibrium Solutions, Inc (eQ), a Boston-based developer of enterprise carbon management and energy efficiency software applications. eQ’s leading software-as-a-service (SaaS) solution enables commercial, institutional, and industrial enterprises to effectively monitor, mitigate, and monetize their carbon footprint through an efficient, comprehensive, and auditable process. eQ’s applications will be integrated into EnerNOC’s existing PowerTrak software platform, expanding EnerNOC’s suite of energy management software and service offerings.

“Our customers continue to look internally for cost-cutting strategies and energy management is an obvious choice,” said Tim Healy, EnerNOC’s Chairman and CEO. “eQ’s applications fit nicely into our strategic roadmap as they enhance our customers’ ability to identify and prioritize energy efficiency opportunities while concurrently satisfying existing as well as pending greenhouse gas reporting requirements.”

The integration of eQ’s enterprise software applications with PowerTrak’s real-time interval meter data and billing rate engines enables customers to more effectively manage their energy efficiency and sustainability initiatives. Customers can create their own energy efficiency projects in the software, and share the energy, environmental, and financial results in a standardized format across their organizations. The effect is a powerful enhancement to EnerNOC’s existing CarbonTrak application designed to help energy and sustainability leaders plan their own response to reach energy efficiency and emissions goals. Recent analysis from the U.S. Environmental Protection Agency (EPA) suggests that as many as 30,000 facilities in the U.S. would have to calculate their greenhouse gas emissions in response to the EPA’s proposed rule for greenhouse gas reporting.

“EnerNOC’s focus on helping customers efficiently identify and prioritize energy savings and emission reductions is essential,” said Terry Kellogg, former Director of Environmental Stewardship at Timberland and current Chief Executive Officer at 1% for the Planet. “EnerNOC’s integrated approach is particularly important as the market evolves from the challenge of simply compiling greenhouse gas inventory reports to planning and optimizing the corporate response.”

eQ's current customers, including Sears Canada and News Corporation, will maintain an ongoing relationship with EnerNOC. EnerNOC does not expect this transaction to materially impact its 2009 financial results.

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