EnerNOC Signs Demand Response Contract With Firstenergy
BOSTON, Jan. 18, 2017 (GLOBE NEWSWIRE)—EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that it has signed a four year, multi-million dollar demand response contract with FirstEnergy.
Under the terms of the contract, EnerNOC will deliver demand response resources to three of FirstEnergy's Pennsylvania utilities, helping the company cost-effectively meet its demand reduction targets mandated by Pennsylvania Act 129.
"EnerNOC's demand response solutions continue to be one of the most cost-effective resources utilities have at their disposal to improve the overall efficiency and reliability of the grid," said Tim Healy, Chairman and CEO of EnerNOC. "We're excited to extend our relationship with FirstEnergy, and together, put money back into the local economy."
EnerNOC's demand response programs pay commercial and industrial energy users to reduce energy consumption during times of peak demand. EnerNOC's industry-leading software helps companies maximize their demand response payments by providing real-time visibility into performance during demand response dispatches, while also giving utilities a real-time view into how both individual demand response assets and the portfolio as a whole are performing.
EnerNOC is a leading provider of energy intelligence software (EIS) and demand response solutions. With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking, and demand management, EnerNOC's SaaS platform helps enterprises control energy costs, mitigate risk, and streamline compliance and sustainability reporting. EnerNOC also offers access to more demand response programs worldwide than any other provider, offering enterprises a valuable payment stream to further enhance bottom line results and utilities and grid operators a reliable, cost-effective demand-side resource. For more information, visit www.enernoc.com.
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