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EnerNOC Demand Response Delivers Capacity to Ease Winter Grid Strain in New EnglandISO New England Dispatches EnerNOC's DemandSMART(TM) Network to Keep Grid in Balance (December 21, 2011)
BOSTON, MA -- (Marketwire) -- 12/21/11 -- EnerNOC, Inc. (NASDAQ: ENOC), the world's leading provider of demand response applications and services, today announced that its DemandSMART demand response network was dispatched on Monday, December 19, 2011 to address a capacity shortage in New England. The region's Independent System Operator, ISO New England, called upon more than 1,300 of EnerNOC's customer sites, from southwest Connecticut to northeast Maine, and commercial, institutional, and industrial customers from all 19 ISO New England dispatch zones contributed to the dispatch. As New England temperatures dropped to the single digits, demand response helped to provide power used for heating and other purposes throughout the region.
"During Monday's dispatch, our customers demonstrated the real value that an engaged energy user can bring to the grid -- not just during the summer, but throughout the year. The demand reduction they delivered helped to keep the lights on and ensure that local homes, businesses, and public facilities had heat on a cold morning," said Micah Remley, Vice President of Operations, EnerNOC. "EnerNOC works with thousands of sites to provide demand response and has built the automation and network infrastructure to deliver resources quickly and efficiently when they're needed."
Among the more than 1,300 sites dispatched, Sugarbush Resort contributed by temporarily shifting snowmaking activities at its Warren, Vermont facilities. "Demand response benefits both our community and the environment," said Win Smith, President of Sugarbush Resort. "We can temporarily shut down our snowmaking operations during an emergency without affecting our product or customer experience, and this can prevent a blackout when there is a problem on the grid."
"During every season of the year, demand response is an increasingly important part of the resource mix," said Gregg Dixon, EnerNOC's Senior Vice President of Marketing and Sales. "Whether it's being used to avoid an emergency in New England, to balance increasing intermittent renewable generation in the UK, or to respond to grid conditions within a fraction of a second in Alberta, demand response unlocks benefits for both the grid and energy users."
As of September 30, 2011, EnerNOC had more than 7,000 megawatts of demand response capacity across a network of more than 11,150 commercial, institutional, and industrial sites throughout North America, the United Kingdom, Australia, and New Zealand. For more information about EnerNOC's DemandSMART comprehensive demand response application or its award-winning suite of energy management applications, please visit http://www.enernoc.com/get-started.
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; EfficiencySMART, 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.
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 DemandSMART application and the ability of EnerNOC's customers to derive benefits from such applications and services, 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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