Title: Morgan Stanley Chooses EnerNOC's Monitoring-Based Commissioning Application to Drive Persistent Energy Savings
Industry sector: Energy efficiency, Energy service
BOSTON, Jan. 7, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy solutions, today announced that Morgan Stanley has purchased EnerNOC's Monitoring-Based Commissioning (MBCx) Energy Efficiency software application to drive persistent energy savings in its Manhattan headquarters. MBCx collects and analyzes 5-minute interval data from 8,000 discreet points in Morgan Stanley's New York facility to identify energy usage variances and inefficiencies. The types of energy inefficiencies identified are typically no-cost or low-cost operational and programmatic opportunities, making MBCx a highly capital-efficient and immediately impactful solution.
Prior to implementing EnerNOC's MBCx software application, EnerNOC's clients often conduct extensive traditional retro-commissioning projects to ensure their buildings run at optimal efficiency. However, buildings have a tendency to "drift" as building management systems are manually overridden and occupancy usage changes. For Morgan Stanley, MBCx has identified over $100,000 worth of energy savings from operational energy efficiencies, such as refining automated schedules to better align with actual occupancy behavior.
"Investments in energy efficiency have a significant impact on our bottom line and are integral to maintaining Morgan Stanley's commitment to improving our environmental profile. We have invested in solutions that help our operations run more efficiently. We were attracted to MBCx because it helps to ensure that energy efficiency savings are maintained over time," said Andrew Millest, Executive Director, Morgan Stanley, a client of EnerNOC.
"One of the most unique aspects of this deployment is that Morgan Stanley's facility was commissioned just prior to the MBCx deployment, yet EnerNOC's solution has identified more than $100,000 of additional energy efficiency opportunities to date," said Tim Healy, Chairman and CEO of EnerNOC. "Even for finely tuned buildings like the Morgan Stanley headquarters, leveraging the convergence of IT and energy data represents a huge opportunity for savings in the commercial, institutional, and industrial marketplace."
In the past 12 months, several Fortune 500 companies have deployed EnerNOC's MBCx platform. Other current customers include hospitals, data centers, commercial office properties, and universities.