BOSTON, Jan. 8, 2014 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq: ENOC ), a leading provider of energy intelligence software, today announced that its demand response network has been widely dispatched over the past two days to help alleviate strain on the electric power grid caused by extremely cold temperatures in the United States. On January 6 and 7, EnerNOC commercial, industrial, and institutional customers across 17 states and the District of Columbia reduced electricity consumption to help maintain grid stability, balance transmission needs, and prevent power outages.
The cold temperatures caused by the polar vortex gripping much of the United States have caused exceedingly high demand for electricity in recent days. For example, PJM Interconnection, the grid operator in the mid-Atlantic region of the United States, set a new winter peak last night of over 141,000 megawatts, surpassing the previous record of 136,675 megawatts set in February 2007. Utilizing EnerNOC's DemandSMART TM software, EnerNOC customers in Alabama, Delaware, Georgia, Illinois, Kentucky, Maine, Maryland, Mississippi, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Tennessee, Texas, Virginia, West Virginia, and the District of Columbia participated in ten separate dispatches to help grid operators and utilities manage peak demand, and manage other system contingencies.
"This week's frigid conditions and resulting dispatch activity underscore demand response's importance and flexibility as a reliable resource for grid operators and utilities to rely on to maintain security of supply," said Tim Healy, Chairman and CEO of EnerNOC. "Demand response is more well-known for providing capacity during heat waves – but events like these highlight its ability to also deliver during cold snaps and for economic purposes. EnerNOC customers participating in this week's dispatches were able to deliver capacity to the grid when it was needed most and get compensated for the important service they provided."
This was the largest winter dispatch in PJM history, and the first time that the new Electric Reliability Council of Texas 30-minute Emergency Response Service demand response product was dispatched. To learn more about EnerNOC's suite of energy intelligence software and related solutions, please visit http://www.enernoc.com/for-businesses .
About EnerNOC
EnerNOC (Nasdaq: ENOC ) is a leading provider of energy intelligence software and related solutions. 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's Network Operations Center (NOC) offers 24x7x365 customer support. 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 energy management applications and services, including its DemandSMART application, and the benefits that customers may derive from those applications and services, may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. 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, the Company'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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