Energy savings from EnerNOC’s efficiency solution qualify for renewable energy credits

Boston, MA, July 30, 2008 — EnerNOC Inc. announced that a ruling by the Connecticut Department of Public Utility Control (DPUC) has determined that the energy savings generated by EnerNOC’s monitoring-based commissioning solution (PowerTrak Analytics, or PTA) at Western Connecticut State University (WCSU) qualify for Class III renewable energy credits (RECs).

“This important ruling recognizes the significant, measurable and ongoing benefits our technology provides to our customers and the environment,” said Tim Healy, chairman and CEO of EnerNOC.

WCSU has been an EnerNOC demand response customer since 2004. In order to capture additional value, WCSU selected EnerNOC’s energy efficiency offering, enabling EnerNOC to integrate its PowerTrak Analytics hardware and software with the campus’ existing building management system (BMS). The connectivity allows EnerNOC and WCSU to identify, implement and track innovative low-cost and no-cost energy efficiency measures. WCSU has already implemented measures that have accounted for approximately $120,000 in savings to date.

In the ruling issued on July 25th, the DPUC stated, “The department finds that EnerNOC’s PTA system’s installation and function constitutes a retro-commissioning as envisioned in the Class III Decision and the [Connecticut Energy Efficiency Fund’s] definition.” The ruling also stated, “Based on the evidence submitted, the department finds that the WCSU electrical savings from the installation and functioning of EnerNOC’s PowerTrak Analytics hardware and software qualifies as a Class III renewable energy source,” in accordance with state statutes.

Connecticut has mandated that by 2010, 14 percent of electricity used in the state be obtained from renewable sources. By 2020, the minimum requirement nearly doubles to 27 percent. Class III RECs in Connecticut include a number of demand-side measures, such as the installation of customer-sited CHP systems, electricity savings from conservation and load management efforts, and systems that recover waste heat or pressure from commercial and industrial processes. The credits can be traded on the open market.

“With aggressive federal legislation pending aimed at reducing our nation’s carbon footprint, businesses and institutions need to take a proactive role to plan for their energy future. EnerNOC is committed to helping our customers meet the evolving requirements of energy legislation in ways that are cost-effective and deliver significant financial as well as environmental benefits,” continued Healy. “Rulings like this one by the DPUC help to highlight the importance of energy efficiency moving forward.”

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