EnerNOC (ENOC) Announces Collaboration with Tesla (TSLA) on Energy Storage

May 1, 2015 8:39 AM EDT
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EnerNOC, Inc.(Nasdaq: ENOC), a leading provider of energy intelligence software (EIS), today announced that it will collaborate with Tesla (Nasdaq: TSLA) on the deployment and management of energy storage systems in commercial and industrial buildings. EnerNOC and Tesla will enable enterprises to monetize the batteries through demand charge management and demand response using EnerNOC's EIS. Initial collaboration will include select EnerNOC customers in California.

"By working together, EnerNOC and Tesla can help enterprises find new, innovative ways to save money and get paid for their operational flexibility," said Tim Healy, Chairman and CEO of EnerNOC. "Energy storage has great potential and is a natural fit with energy intelligence software. We are excited to explore the possibilities with Tesla."

Enablement of EnerNOC customer sites with Tesla energy storage systems is currently underway.

"Energy management today is more complicated than simply buying power from the utility. Innovative companies like Tesla give us new options that enable us to reduce our reliance on the grid when prices are high, and EnerNOC's software gives us the visibility we need to make informed decisions about when to use these technologies and how to measure the impact they're having on our business," said Scott Limbacher, Vice President of Construction and Maintenance at Stater Bros. Markets, a Southern California supermarket chain.

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