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EnerNOC Selected to Implement Automated Demand Response Program for Louisville Gas and Electric and Kentucky Utilities Company(January 24, 2012)
SAN ANTONIO, TX and BOSTON, MA -- (Marketwire) -- 01/24/12 -- EnerNOC, Inc. (NASDAQ: ENOC), the world's leading provider of demand response applications and services, announced today from the DistribuTECH conference (Booth #4029) that it will implement an automated demand response (AutoDR) program for Louisville Gas and Electric and Kentucky Utilities Company (LG&E and KU). As the program implementer in this three-year agreement, EnerNOC will collaborate with LG&E and KU to recruit and enroll a set of the utility's commercial customers to participate in demand response. LG&E and KU will also have the ability to access customized dashboards and reports through EnerNOC's comprehensive demand response application, DemandSMART. These Software-as-a-Service (SaaS) tools will allow the utility to dispatch, monitor, and measure performance of demand response resources throughout its service territory.
"As our customers' trusted energy adviser, we recognize that many businesses are looking to save money by saving energy. Demand response is a great opportunity to do that, and it provides an important service to the grid," said David Huff, director of Customer Energy Efficiency and Smart Meter Strategy. "We value the ability to have real-time visibility into demand response resource performance, and we think our commercial customers will appreciate EnerNOC's AutoDR technology, user-friendly software, and deep expertise in demand response program implementation."
LG&E and KU serve nearly one million electric customers across more than 90 counties in Kentucky and Virginia. Through this program, LG&E and KU and EnerNOC will focus specifically on commercial customers who are able to shed non-essential electricity usage temporarily in exchange for incentive payments from the utility. As the program implementer, EnerNOC will work with building staff at each participating site to create a customized energy curtailment plan that maximizes energy reduction opportunities with minimal impact on business operations. Common strategies include raising thermostat settings by a few degrees, changing ventilation patterns, or cutting back on non-essential lighting.
In addition, EnerNOC will provide LG&E and KU on-site metering and communications equipment that allows utility staff to monitor demand response resources in real time through EnerNOC's SaaS interface. These secure, web-based tools provide customized, real-time dispatch and reporting functionality that will enable LG&E and KU to deploy resources when and where they are needed. In addition, participating businesses will have access to similar tools through DemandSMART, which can be used to monitor and maximize their curtailment opportunities, and in turn, their program participation payments. DemandSMART offers customers real-time energy usage data both during and outside of curtailment events, which helps with the identification of additional energy savings opportunities.
"In a difficult economic climate, many businesses are looking for ways to control costs and create new sources of revenue. Demand response meets both of those needs, and automation makes the process even more seamless," said Tim Healy, Chairman and CEO of EnerNOC. "Our engineers have enabled more than 11,000 customer sites to participate in demand response, and we look forward to working with LG&E and KU to bring the benefits of AutoDR to their customers."
EnerNOC Utility Solutions provides a comprehensive set of demand response solutions for utilities, including AutoDR programs, turnkey implementation services, and groundbreaking balancing and frequency response programs that are deployed across the globe. For more information about EnerNOC's award-winning suite of solutions for utilities, please visit http://www.enernoc.com/utilities/.
Louisville Gas and Electric Company is a regulated utility that serves 321,000 natural gas and 397,000 electric customers in Louisville and 16 surrounding counties. Kentucky Utilities Company is a regulated electric utility that serves 546,000 customers in 77 Kentucky counties and five counties in Virginia. It has consistently ranked among the best companies for customer service in the United States. Louisville Gas and Electric and Kentucky Utilities Company are part of the PPL Corporation (NYSE: PPL) family of companies.
EnerNOC Utility Solutions has teamed with hundreds of utilities and grid operators worldwide to meet their demand-side management objectives. Our Program Implementation group partners with leading utilities to deliver custom-tailored demand response and energy efficiency programs designed to maximize both cost-effectiveness and customer satisfaction within the commercial, industrial, and agricultural market segments. Our Consulting Services group supports a broad range of utility demand-side management activities, including potential assessments, program design and administration, load research, technology demonstrations, measurement and evaluation, and regulatory support. EnerNOC leverages its experience working with thousands of commercial, institutional, industrial, and agricultural sites, its SMART suite of energy management solutions, and its Network Operations Center (NOC), to deliver reliable load reductions and millions of megawatt hours of energy savings each year. 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 energy management applications and services, including EnerNOC's automated demand response application and services, and the ability of EnerNOC's customers to derive benefits from these 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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