BOSTON, Aug. 26, 2009 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy solutions, announced today that it has successfully managed over 90 demand response events year to date, yielding an average performance of approximately 103 percent, based on nominated versus delivered capacity. EnerNOC's diverse demand response network comprises over 5,450 commercial, institutional, and industrial customer sites throughout North America.
"EnerNOC's demand response resource has consistently delivered," said Billie McWinn, Idaho Power's commercial demand response program specialist. "EnerNOC's PowerTrak technology gives us real-time visibility into demand response event performance, allowing our system operators and customers alike a common view of the results. We have called upon EnerNOC's demand response resources seven times since early July alone, and they have delivered over 100 percent on average."
"Utilities across North America have embraced demand response as a critical resource for fulfilling their mandate to provide clean, reliable, and fairly priced power," said Tim Healy, EnerNOC's chairman and CEO. "Our strong performance in 2009 continues to demonstrate the versatility and scalability of our demand response network, both for meeting capacity needs and for delivering ancillary services in a clean, dynamic, and dispatchable manner that we believe will become more important moving forward, particularly as wind energy becomes a larger component of utilities' overall resource portfolios."
To date in 2009, EnerNOC's demand response network has been dispatched in each of the company's service territories throughout North America due to region-specific needs such as record heat waves, fires under transmission lines, high wholesale electricity prices, plant failures, peak management, system tests, and other needs.
EnerNOC has announced bilateral contracts with seven utilities in 2009, while continuing to expand its presence in open markets. A critical component to the company's ability to rapidly scale its network while ensuring continued successful delivery of demand response has been the deployment of PowerTalk, EnerNOC's innovative presence-enabled smart grid technology. In addition to assisting in the streamlined enablement of demand response sites, PowerTalk provides EnerNOC's Network Operations Center personnel real-time visibility into demand response assets at participating commercial, institutional, and industrial sites. PowerTalk enables predictable, dynamic, and reliable dispatch and management, while providing utilities, end-use customers, and EnerNOC a real-time, transparent view of demand response event performance.
For information about joining EnerNOC's demand response network, please visit www.enernoc.com/get-started or email info@enernoc.com.
About EnerNOC
EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response, energy efficiency, energy procurement, and emissions tracking and trading services. These solutions help optimize the balance of electric supply and demand, provide cost-effective alternatives to traditional power generation, transmission, and distribution infrastructure, and drive significant cost-savings for end-use customers. The Company uses its Network Operations Center, or NOC, and PowerTrak(r) enterprise software platform to remotely manage and reduce electricity consumption across a growing network of commercial, institutional, and industrial customer sites, making demand response capacity available to grid operators and utilities on demand, while helping end-users of electricity achieve energy savings, environmental benefits, and improved financial results. 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 importance of demand response in the future, 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.