Southern California Edison Expands Demand Response Contract With EnerNOC
SCE Chooses EnerNOC's Utility Solutions(TM) to Expand Demand Response Portfolio
BOSTON, February 6, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), the world's leading provider of demand response, today announced that it has expanded its presence in Southern California through a new contract with Southern California Edison (NYSE:SCE). Under the terms of the new contract, EnerNOC will increase its number of megawatts in SCE's service territory by approximately 15 percent through December 31, 2014, consistent with the term of EnerNOC's expanded contract with PG&E announced in a press release dated February 5, 2013.
EnerNOC won the additional megawatts through a competitive bidding process in which EnerNOC was awarded more than twice as many megawatts as any other third-party provider, and more than 40 percent of all megawatts awarded to the six successful bidders.
"SCE has been a long-standing leader in utilizing demand response resources, and we're proud to build on our current relationship with SCE to deliver our innovative solutions to even more California businesses while delivering valuable capacity to the grid," said Tim Healy, Chairman and CEO of EnerNOC.
This contract covers a utility service territory where EnerNOC also has contracts to deliver commercial and industrial energy efficiency services, allowing customers in the region to benefit from an integrated energy management portfolio comprised of both demand response and energy efficiency solutions.
EnerNOC provides its Utility SolutionsTM Implementation and Consulting services to hundreds of utilities, grid operators, and power distributors worldwide, and 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 increase demand response curtailment, maximize demand response payments, an improve visibility into real-time energy consumption.
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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