BOSTON, MA and SAN FRANCISCO, CA
, June 2, 2008 - EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions, and the Association of California Water Agencies (ACWA) announced today the formation of a partnership that will enable water agencies throughout California to enroll in EnerNOC’s demand response programs.
“This partnership validates our extensive experience meeting the unique needs of water agencies and helping them to generate additional cash flow by participating in demand response,” said Timothy Healy, EnerNOC chairman and CEO. “We look forward to working closely with ACWA to help more water agencies take advantage of demand response and to add more megawatts to EnerNOC’s expanding network.”
Through its “Preferred Provider” Program, ACWA selects third party vendors that offer products and services at high value to its member agencies. Preferred providers must undergo extensive review, exhibit unique or demonstrably better value, and provide a high level of customer service.
“After several of our member agencies came to us with high praise for EnerNOC, we recognized that EnerNOC could help more of our members become better energy consumers,” explained ACWA Executive Director Timothy Quinn in his support. “EnerNOC impressed us with its depth of knowledge, its commitment to our industry, and its ability to help our members identify the best ways to maximize their participation in demand response.”
Through EnerNOC’s “Clean Green California” demand response program, water agencies and other businesses that operate throughout the Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric service territories are called upon to reduce their energy use during times of peak demand, alleviating stress on the electricity grid and, in some cases, eliminating the need for utilities to rely on coal-burning peaking power plants. Companies that participate in EnerNOC’s Clean Green California program can enroll in the program at no material expense, receive financial incentives for their participation, are supported technically during demand response events, and help energy infrastructure in California to be used more efficiently.
EnerNOC made its ACWA debut at the Spring Conference in Monterey, California in May. For more information about how EnerNOC helps water agencies participate in demand response programs in California or throughout the United States, please visit www.enernoc.com, or email info@enernoc.com, subject line “water agencies.”
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 ability to add megawatts to its demand response network, 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 Quarterly Report on Form 10-Q for the period ended March 31, 2008, as filed with the Securities and Exchange Commission on May 13, 2008, 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. |
