|By Business Wire||
|February 7, 2014 08:31 AM EST||
Genability, Inc., a provider of energy cost software for solar, electric vehicle, and home energy management, is pleased to announce a strategic investment and technology licensing partnership with EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy intelligence software (EIS).
“This funding will allow Genability to expand our team, accelerate our product development and increase our leadership in the rapidly growing solar, storage, electric vehicle and connected home markets,” said Jason Riley, Genability’s founder and CEO. “Partnering with EnerNOC will advance our technology and bring more savings to both companies’ customers.”
“EnerNOC is committed to building best-in-class energy intelligence software applications that deliver real value to our customers. Genability’s utility tariff and rate engine gives us the functionality we need to translate kilowatt hour usage into customer-specific dollar terms across our entire portfolio of commercial, institutional, and industrial customers, many of which have sites in dozens of geographies,” said Tim Healy, Chairman and CEO of EnerNOC. “As we looked at the market for potential partners, Genability stood out as a leader in the field with proven technology that is uniquely positioned to help EnerNOC scale domestically and internationally.”
Genabilty’s software saves homes and businesses money. Using Genability, distributed generation and storage companies demonstrate what their systems save customers. EV companies schedule their smart chargers to minimize costs by taking advantage of variable pricing. Home energy management companies and connected appliance manufacturers provide their customers with cost transparency and options to save more.
Genability enables New Energy Companies to embed smart energy in their products, saving their customers money. Our customers are the leading providers of solar, electric vehicles, connected appliances, and home energy management. They use our software to precisely find, maximize and communicate energy cost savings. In dollars, not kWh. Genability’s technology is backed by the industry’s best database of electricity tariff rates, incentives and rebates coupled with the fastest, most accurate rate engine available. Our software applications include: Switch™, for sophisticated forecasting and beautiful presentation of savings if you go solar, purchase an EV, choose a different rate plan and more; Conduct™, with cost optimized scheduling of connected appliances and EV smart chargers; and Current™, which tracks and benchmarks a home's energy spending, providing transparency and more ways to save.
Learn more at www.genability.com