BOSTON, Aug. 27, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy management applications, today announced that it has dispatched its demand response network 18 times in California in the past week as a result of high temperatures across the state.
"This summer, demand response has repeatedly served as a key resource to help maintain the real-time balance between electricity supply and demand," said Tim Healy, EnerNOC's Chairman and CEO. "EnerNOC's network continues to meet and, in many cases, exceed expectations by reliably providing clean capacity to the grid when and where it's needed most."
When called upon by any of the three investor owned utilities in California, EnerNOC dispatches its network of commercial, institutional, and industrial customers, who respond by reducing non-essential energy usage at their facilities. In exchange for the value these organizations provide to the grid, EnerNOC compensates them with financial payments.
"EnerNOC understands that maximizing demand response revenue opportunities for our customers is the biggest value we bring to the table. We achieve this objective by arming our customers with a state-of-the-art demand response management application, DemandSMART™, and equipping our operations staff with the technology they need to effectively automate and manage demand response dispatches," said Darren Brady, Chief Operating Officer, EnerNOC.
In addition to the financial payments they receive, EnerNOC customers often cite the benefit they are providing to their communities by helping to prevent brownouts and blackouts, while helping to reduce electricity rates, as primary drivers for participation.
"Energy is one of our top expenses, so we're glad to reduce our annual bill in any way possible. With demand response, we can lower our energy costs while helping to protect the energy grid, and the environment," said Danny Vincent, Plant Manager, Guadalupe Cooling, Guadalupe, CA.
"We feel like we're helping our community and our state by participating in EnerNOC demand response. We want to be a resource during unplanned events that put the grid at risk," said John Rouse, Vice President of Operations, Aquarium of the Pacific, Los Angeles, CA.
"Participating in demand response is a significant element in Stater Bros' commitment to being a sustainable partner in our community. The EnerNOC program also earns Stater Bros. significant revenues that help reduce operating costs," said Scott Limbacher, VP of Construction and Maintenance at Stater Brothers grocery store, which has more than 150 facilities enrolled in EnerNOC's demand response network throughout Southern California.
For information about joining EnerNOC's DemandSMART network, please visit www.enernoc.com/solutions.
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; SiteSMART™, data-driven energy efficiency; 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.
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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 demand response and energy management solutions and the ability of EnerNOC's customers to derive benefits from such solutions, 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.
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