EnerNOC Continues to Lead Demand Response Market Development in Japan
Company Signs New Contract with Institute of Applied Energy
BOSTON, Aug. 21, 2016 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS) and demand response solutions, announced today that EnerNOC Japan has been awarded a new demand response (DR) contract this summer for a project sponsored by the Institute of Applied Energy (IAE). Since 2013, EnerNOC Japan has participated in several government-sponsored DR projects and government-administrated working groups to help the government of Japan create and design the DR market in the country.
This latest project is designed as a proof-of-concept for demand response to act as a balancing reserve between Japan's major Transmission, Distribution, and System Operators (TDSOs). Along with emergency demand response resources, which are designed to thwart blackouts and brownouts due to unexpected high demand or a sudden decrease in supply, the project demonstrates demand response as a balancing resource that corrects for smaller, shorter-term imbalances between supply and demand.
"This new project is another step forward in the unprecedented electricity market reform occurring in Japan, and it will help cement the importance of demand-side management not only in Japan, but across the globe as well," said David Brewster, President and co-founder of EnerNOC.
EnerNOC is managing new Negawatt portfolios in Japan this summer, seeking to repeat its performance in last year's project as the provider of the largest and most reliable demand response capacity.
EnerNOC Japan is a Joint Venture established in 2013 between EnerNOC Inc. and Marubeni Corp. 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, www.enernoc.com.