August 14, 2007 – Quincy, Massachusetts based Stop & Shop Supermarket Company and Boston headquartered EnerNOC, Inc. (NASDAQ: ENOC) today announced an ongoing partnership for demand response, an energy conservation program that reduces stress on the electric power grid during periods of high peak demand.
Stop & Shop has participated in demand response programs in the Northeast since 2005 and helped prevent blackouts and brownouts from occurring in the region. All eligible Stop & Shop stores in New England and New York—about 300 in total—participate in demand response by agreeing to reduce stress on the grid during demand response events.
When the regional grid operator anticipated a brownout or blackout in 2005 and 2006, EnerNOC notified Stop & Shop of the potential threat and remotely reduced demand from the grid across all participating stores from its Network Operations Center in Boston, MA. The real-time load reduction has the same effect as adding central station capacity to the grid while helping to stabilize system imbalances. New England and New York Stop & Shop stores can reduce more than 40 MW of electric consumption in aggregate from the grid.
Steve Krupski, Stop & Shop Senior Vice President of Construction and Engineering, is proud of the Company’s commitment to conserving energy and appreciates the positive impacts demand response has on surrounding communities. “With the help of EnerNOC, we can turn down our lights so our customers don’t have to,” he said. ”Knowing when high electricity demand might trigger blackouts allows us to proactively conserve energy and help prevent one from occurring.”
EnerNOC CEO Tim Healy adds, “By conserving electricity during high peak periods, Stop & Shop provides an invaluable service to its communities. When the grid operator calls upon EnerNOC during times of high electric demand, our Network Operations Center technology allows us to remotely monitor and control thousands of sites in real-time to help prevent blackouts. Stop & Shop alone can contribute enough negawatts—energy that is conserved rather than consumed—to keep the lights on in more than 40,000 typical households. That’s a stellar commitment to their communities.”
About Stop & Shop
The Stop & Shop Supermarket Company, based in Quincy, Massachusetts, employs more than 59,000 associates and operates 389 stores throughout Massachusetts, Rhode Island, Connecticut, New Hampshire, Maine, New York and New Jersey. For more on Stop & Shop, visit www.stopandshop.com.
About EnerNOC, Inc.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand.
Safe Harbor Statement
This press release may contain forward-looking statements about EnerNOC, Inc. including, but not limited to, its ongoing partnership with Stop & Shop. Such forward-looking statements reflect EnerNOC’s current views with respect to future events and are based on assumptions and subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including those described in "Risk Factors" in EnerNOC’s quarterly reports filed with the Securities and Exchange Commission. EnerNOC undertakes no obligation to publicly update forward-looking statements, whether because of new information, future events or otherwise, except as required by law.
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