EnerNOC Awarded Demand Management Contract with Con Edison
Company helps provide clean, reliable alternative to constructing new substation
BOSTON, Aug. 31, 2016 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that it has been awarded a multi-million dollar contract as part of Consolidated Edison Company of New York's Brooklyn-Queens Demand Management (BQDM) Program. Con Edison's BQDM Program, approved in December 2014, is a targeted effort to reduce demand in certain areas of New York City, delaying or eliminating the need to invest $1.2B in a new substation. The program is part of New York's "Reforming Energy Vision" (NY REV) initiative, which is focused on building a better energy system for all New Yorkers.
"Programs like BQDM and NY REV are putting an increased focus on the use of distributed energy resources like demand response and energy storage to meet challenges traditionally solved by putting steel into the ground — an expensive proposition in any market, but particularly in a densely populated area like New York," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC, Con Edison, and other participants in BQDM are demonstrating that a clean, resilient, and affordable energy system can effectively save consumers millions of dollars."
The BQDM project has been described as the largest modern "non-wires" alternative program in the United States, relying on the use of energy efficiency and demand-side management technologies — such as combined-heat-and-power, energy storage, and demand response solutions — in lieu of traditional generation and distribution infrastructure.
To learn more about EnerNOC's worldwide demand response network and distributed energy resources, please visit www.enernoc.com.
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, providing 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.