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EnerNOC Inc., a provider of energy intelligence software (EIS), has led the Series A round of financing for Genability Inc., a software company that licenses its database of electricity tariffs and rate engine for use with third-party products.

In addition to providing Series A funding, EnerNOC says it signed a licensing agreement that gives the company certain exclusive rights to Genability's technology for EIS solutions that serve the commercial, institutional and industrial sector.

The company reports that by connecting Genability's tariff engine to EnerNOC's EIS applications, end users will have more accurate energy forecasts, be able to make operational trade-offs in a more informed manner and be able to verify the cost savings from energy efficiency measures.

EnerNOC Chairman and CEO Tim Healy will join Genability's board of directors, the company notes.


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