EnerNOC Acquires MDEnergy

Boston based EnerNOC, Inc. (NASDAQ: ENOC) announced today that it has acquired MDEnergy, LLC (MDE), a leading energy procurement service provider, for approximately $7.9 million pursuant to the terms of a definitive acquisition agreement. The transaction consideration is composed of approximately 40% in cash and 60% in EnerNOC common stock. Additional cash payments will be paid by EnerNOC in the first quarter of 2008 based upon MDE’s performance through the end of calendar year 2007. EnerNOC applies energy market intelligence as well as an online reverse auction technology platform, now called EnerNOC ExchangeTM, to help commercial, institutional, and industrial customers make more informed commodity purchasing decisions. EnerNOC Exchange provides customers in restructured energy markets a process and feature-rich purchasing platform to drive deeper energy savings and support sustainable business initiatives. It also provides energy suppliers an additional market within which to compete for business in real-time. MDE currently serves more than 400 companies and institutions, including many national accounts in the real estate, lodging, health care, manufacturing, and food services industries, and has saved its customers millions of dollars in electricity and natural gas supply costs.