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BOSTON, MA - EnerNOC, Inc. is pleased to announce
that it has signed a multi-million dollar sales and service
agreement with Massachusetts-based Pinpoint Power. Under the
terms of the exclusive multi-year contract, Pinpoint will
pay EnerNOC to supply Pinpoint’s customers with EnerNOC’s
Internet-Based Communication System (IBCS) and to manage 46
megawatts (MW) of demand response capacity that is enrolled
by Pinpoint to participate in ISO New England’s Southwest
Connecticut Emergency Capability Initiative.
The agreement unites the market’s two leading demand
response providers, combining EnerNOC’s leading demand
response technology and management services with Pinpoint’s
solid customer base and proven track record. The deal bolsters
EnerNOC’s position as the nation’s premier full-service
demand response provider, giving the company access to a broad
set of new blue-chip clients, including IBM, Pitney Bowes,
and SBC Corporation, among others.
"Our deal with Pinpoint creates value all around,"
says EnerNOC’s CEO Tim Healy. "It broadens EnerNOC’s
customer base while allowing Pinpoint access to our industry-leading
demand response technology and service solutions. Most importantly,
it provides the region’s grid operator with a cost effective
solution to grid reliability problems." Pinpoint President,
Tom Atkins, agrees. "Thanks to EnerNOC, Pinpoint can
offer its customers a truly hands-free solution. When we analyzed
the competition, we determined that no other company could
give our customers such complete and effective service."
Under the same Southwest Connecticut Emergency Capability
Initiative, EnerNOC has been contracted to supply 30 MW of
demand response capacity. With the addition of Pinpoint’s
customers, EnerNOC will manage 76 MW in the initiative. "When
all of EnerNOC’s customer slots are filled," says
Healy, "nearly one-third of the capacity enrolled in
ISO-NE’s Southwest Connecticut Initiative will flow
through our Network Operations Center. We’re pleased
to play such an integral role in helping ISO-NE to maintain
reliability within the region."
About EnerNOC:
EnerNOC is the nation’s premier full-service demand
response provider. For more information, visit www.EnerNOC.com
or call 1-888-EnerNOC.
About Pinpoint Power:
Pinpoint Power is a leading developer, owner, and manager
of power generation and demand response assets in the Northeast
and has processed millions of dollars in demand response payments
to its customers. For more information call (781) 453-1145.
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