BOSTON, Jan. 21, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading developer and provider of clean and intelligent energy solutions, today announced that the City of Boston has joined its demand response network. The City will receive regular payments from EnerNOC in exchange for agreeing to reduce non-essential electricity usage during periods of peak demand. City Hall, the Boston Public Library, and the Boston Police Headquarters will be among the first City buildings to be enrolled. Under the terms of this contract, City managers will also get free basic access to EnerNOC's PowerTrak(r) energy management software, which will enable them to identify additional cost-saving opportunities through better energy management at City facilities.
"The City of Boston is a hub of clean tech innovation, and EnerNOC is a shining example of Boston-based companies that are making an impact on the way the world uses energy. Demand response allows the City to implement smart energy saving measures and make an immediate contribution to the overall reliability of our region's electric power grid. This is a win-win strategy that puts dollars back into our budget," said Mayor Thomas M. Menino.
"By selecting EnerNOC, the City of Boston is helping to keep electricity rates low for everyone in New England, while creating local green jobs and strengthening the Commonwealth's position as a driver of the clean technology industry," said Tim Healy, Chairman and CEO of EnerNOC. "In these challenging economic times, EnerNOC continues to deliver energy programs that provide real dollars and real jobs, and the relationship with the city of Boston further allows us to deliver on that promise for our city and our state."
This agreement with the City of Boston is the latest in a series of agreements that EnerNOC has signed with local and state governments, most recently including the State of Rhode Island, the State of Vermont, and the State of Connecticut. EnerNOC offers its demand response and energy efficiency solutions throughout the United States in both open markets such as New England, New York, PJM Interconnection, Texas, and California, as well as under bilateral agreements with utilities such as the Tennessee Valley Authority, Tampa Electric Company, Salt River Project, and Public Service Company of New Mexico.
EnerNOC's patented demand response solutions help participants in its network identify and implement demand reduction strategies and maximize associated energy savings in near real-time. By aggregating a large, diverse portfolio of commercial, institutional, and industrial facilities, EnerNOC is able to maximize performance of its network. If you would like more information about EnerNOC's smart grid applications or enrolling your organization into EnerNOC's demand response network, please visit www.enernoc.com/get-started or email info@enernoc.com.
About EnerNOC
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand.
For information about joining EnerNOC's demand response network, please visit www.enernoc.com/get-started or email info@enernoc.com.
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