OAKVILLE, Ontario, Aug. 9, 2010 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy management applications and services, today announced that its DemandSMART™ network of commercial, institutional, and industrial customers was dispatched again last week to provide relief to Ontario's electric power grid, reducing emissions from power plants and costs for Ontario ratepayers.
"Instead of only relying on power plants to increase supply during periods of peak demand, Ontario Power Authority is turning to EnerNOC to reduce electricity consumption where and when it is needed. Our customers have delivered excellent results and provided a valuable resource to their community," said Kelly Lorincz, EnerNOC's Country Manager, Canada.
When EnerNOC receives a dispatch command from Ontario Power Authority, EnerNOC triggers processes at over 100 Ontario-based businesses and institutions to reduce non-essential electricity consumption. Measures include changing temperature set points by a few degrees, delaying energy-intensive processes, and reducing non-essential lighting, thus taking electricity demand off of the grid.
VersaCold, Linamar Corporation, Toyota Boshoku Canada, and Ropak are among the many Ontario-based businesses enrolled in EnerNOC's demand response network. In addition to regular payments, EnerNOC customers also receive access to DemandSMART, EnerNOC's comprehensive demand response application, which monitors electricity usage in real time and helps customers maximize demand response performance.
"It was rewarding to have all our Linamar facilities log in to DemandSMART and to see almost instantly the impact our actions have on the grid. To see that load drop reinforces that we are providing a valuable resource to our community," said Peter Zago, Director of Purchasing at Linamar Corporation.
"Toyota Boshoku is happy to do our part to help provide a clean alternative to traditional peaking power plants," said Jason Psutka, Assistant Manager, Plant Engineering & Environmental Officer at Toyota Boshoku Canada. "EnerNOC helps make participating in demand response easy and straightforward."
For information about how you can get started with EnerNOC demand response, visit www.enernoc.com/get-started.
About EnerNOC
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.