EnerNOC Joins OpenADR Alliance Board of Directors
BOSTON, MA -- (Marketwire) -- 05/16/12 -- EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications for utilities and commercial, institutional, and industrial customers, extended its leadership role in the continued development of an open communication standard for automated demand response (Auto DR) by announcing today that it has joined the Board of Directors of the OpenADR Alliance. The OpenADR Alliance is an industry group that fosters global development, adoption, and compliance of the Open Automated Demand Response (OpenADR) smart grid standard. With its seat on the Board, EnerNOC will leverage its experience in managing its demand response network of more than 8,000 megawatts across 12,500 commercial, institutional, and industrial sites worldwide, and its expertise in implementing automated demand response solutions for its network of utility partners.
One of the first companies to join the OpenADR Alliance when membership first opened in 2010, EnerNOC has been at the forefront of standards development that accelerates the enablement of demand response. When the OpenADR standard was first being developed at Lawrence Berkeley National Laboratory (LBNL), Global Energy Partners (now part of EnerNOC Utility Solutions) worked closely with LBNL on the deployment and testing of the new standard. In 2009, the OpenADR 1.0 protocol was donated to the Organization for the Advancement of Structured Information Standards (OASIS) and was developed into a formal specification, Energy Interoperations 1.0. This specification is the basis for OpenADR 2.0, the emerging version of the standard. Both the National Institute of Standards and Technology (NIST) and the Federal Energy Regulatory Commission (FERC) have endorsed OpenADR as a key smart grid standard.
EnerNOC will continue to improve, implement, and test the technologies needed to enable utilities and grid operators to design automated demand response programs that maximize resource value and cost-effectiveness. Auto DR streamlines the communication and signaling surrounding a demand response dispatch such that building management systems can respond in seconds to signals from a utility or curtailment services provider (CSP). Benefits of the OpenADR standard include lower costs of enabling technology, and could lead to improved reliability and efficiency of DR programs.
"OpenADR 2.0 represents an important development in standardizing how systems interact with each other across the grid, and this improved interoperability will facilitate quicker, seamless, and more efficient connections between stakeholders in demand response programs," said David Hardin, Senior Director of Smart Grid Standards at EnerNOC. "EnerNOC is proud to be a leader of the OpenADR Alliance, where we can leverage our experience in support of standards that improve the delivery of demand response."
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. For more information, visit www.enernoc.com.
Safe Harbor Statement
Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects, including, without limitation, statements relating to the future growth and success of the Company's energy management applications and services, and the ability of customers to derive benefits from those applications and services, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as "anticipate," "believe," "could," "could increase the likelihood," "estimate," "expect," "intend," "is planned," "may," "should," "will," "will enable," "would be expected," "look forward," "may provide," "would" or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to under the section "Risk Factors" in EnerNOC's most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as other documents that may be filed by EnerNOC from time to time with the Securities and Exchange Commission. As a result of such risks, uncertainties and factors, EnerNOC's actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. EnerNOC is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise.