EnerNOC, Inc. (Nasdaq:ENOC) announced that Morgan Stanley (NYSE: FFD) has purchased its Monitoring-Based Commissioning (MBCx) Energy Efficiency software application to to employ in its Manhattan headquarters.
MBCx will collect and analyze 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.
In December, EnerNOC solidified its business plan outside its core area of demand response by acquiring Cogent Energy, Inc., a firm engaged in MBCx. Securing a major client like Morgan Stanley suggests the acquisition was a smart move.
Prior to implementing MBCx software applications, 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, EnerNOC said.
"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."
EnerNOC said other major clients for its MBCx platform include hospitals, data centers, commercial office properties, and universities.
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