EnerNOC's DemandSMART(TM) Provides Much Needed Grid Relief During Western US Heat Waves
BOSTON, July 10, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced that since June 24, 2013, it has dispatched approximately 850 megawatts of demand response capacity — roughly equivalent to eight fossil-fuel burning peaking power plants — in the western United States, largely in response to continued heat waves that have threatened grid stability or caused prices to spike throughout the region. Hundreds of commercial, institutional, industrial, and agricultural customers in California, Idaho, Utah, and New Mexico were deployed across fourteen dispatches, helping to restore system balance and stabilize prices.
"Because buildings retain heat, it takes more energy on day three, four, and five of a heat wave to cool the same amount of space. This heat wave has been unrelenting in many areas, taxing the grid and creating an increased need for power," explained Tim Healy, Chairman and CEO of EnerNOC. "By shedding flexible load strategically across thousands of sites, we helped to ensure that stable, reliable power was delivered to millions of people affected by this heat wave. And with the addition of the enhanced tools and technology in our new Network Operations Center to facilitate these dispatches, we were able to ensure seamless execution with even greater confidence."
Demand response as a resource is now integrated into many utilities' portfolios so that energy use associated with heat waves of this nature can be managed without utilizing more expensive peaking power plants. As utilities plan to address system peaks that are most frequently set during the summer, they are increasingly turning to demand response as a valuable tool.
To learn more about EnerNOC's suite of energy management solutions, go to http://www.enernoc.com/for-businesses.
EnerNOC (Nasdaq:ENOC) 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 Solutions™ 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: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. EnerNOC'sNetwork Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com.