EnerNOC Signs Demand Response Contract Expansion in Northern California
EnerNOC Utility SolutionsTM Contract Increased
BOSTON, February 5, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), the world's leading provider of demand response, today announced that it has expanded its demand response presence in Northern California, securing the opportunity to grow its megawatts in the region by over 50 percent through December 31, 2014. EnerNOC won the additional megawatts through a competitive bidding process; EnerNOC's share comprised nearly 45 percent of the total megawatts awarded.
"We have a longstanding, successful history helping utilities in California address their demand-side management objectives, while delivering substantial value to their commercial, institutional, and industrial energy users," said Tim Healy, Chairman and CEO of EnerNOC. "The fact that this new contract expands the services we're providing in the region is a testament to the value that demand response provides to the resource mix in Northern California."
EnerNOC already has commercial and industrial energy efficiency contracts in Northern California, allowing additional customers in the region to benefit from an integrated energy management portfolio comprised of both demand response and energy efficiency solutions.
EnerNOC, which provides its Utility SolutionsTM Implementation and Consulting services to hundreds of utilities, grid operators and power distributors worldwide, is the largest third-party provider of demand response resources in California. Commercial, institutional, and industrial participants in EnerNOC's demand response network receive access to EnerNOC's DemandSMARTTM application, which helps improve demand response curtailment, maximize demand response payments, an improve visibility into real-time energy consumption.
This program is administered by Pacific Gas & Electric and funded by California utility customers under the auspices of the California Public Utilities Commission. The contract has received public utility commission approval.
EnerNOC is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility SolutionsTM offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMARTTM, comprehensive demand response; EfficiencySMARTTM, continuous energy savings; and SupplySMARTTM, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.
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