BOSTON, MA, March 25, 2008 –EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions,announced today that the U.S. Patent and Trademark Office issued Patent No. 7,333,880, entitled “Aggregation of Distributed Energy Resources,” to EnerNOC. The patent focuses on the complex aspects associated with the remote management and control of distributed energy resources, including monitoring, alarming, aggregation, cost allocation, data management and reporting. This is the Company's second patent.
“We believe that many of the biggest challenges associated with maintaining grid reliability and increasing energy efficiency will be addressed through technological innovation,” said David Brewster, EnerNOC’s president. “Since our company’s inception, we have focused on developing new technologies and business methods to advance the demand response and energy efficiency industries, and we believe that the issuance of this patent validates our leadership position.”
EnerNOC delivers its technology-enabled demand response and energy management solutions from its Network Operations Center (NOC), which is staffed 24 hours, 7 days a week, 365 days a year. From the NOC, EnerNOC monitors thousands of customer sites in near real-time and automatically responds to signals sent by grid operators and utilities to reliably deliver precise demand reductions in targeted geographic areas. The NOC automatically notifies commercial, institutional and industrial customers of demand response events and initiates processes to reduce electricity consumption from the electric power grid.
“We participate in demand response programs across North America, some of which require demand reductions within ten minutes or less. We have built a robust and scalable technology platform to participate in these markets and will continue to build upon our intellectual property portfolio as we move forward,” said Terry Sick, vice president of product development and engineering at EnerNOC.
EnerNOC participates in some of the most technologically rigorous demand response programs around the country. In the mid-Atlantic region, for example, EnerNOC was the first Curtailment Service Provider to participate in PJM Interconnection's Synchronized Reserve Market, which requires curtailment in less than ten minutes at any time, day or night. To meet the demands of this valuable ancillary services market, EnerNOC employs a fully automated system to reliably deliver demand reductions with no human interaction or involvement.
As of December 31, 2007, EnerNOC had contracts with 794 different commercial, institutional and industrial demand response customers across 2,195 participating customer sites. In 2007, the Company participated in 119 demand response events and delivered an average performance of 102.9%, based on system operator and utility specifications.
About EnerNOC
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. 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 demand response and energy management solutions and the Company’s belief that its intellectual property portfolio will contribute to such success, 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 final prospectus, as filed with the Securities and Exchange Commission on November 14, 2007, 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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