BOSTON, MA and Mississauga, Ontario, August 20, 2008 - EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions, today announced that it successfully delivered demand response capacity in the first Ontario Power Authority (OPA) DR3 event. During the event, which was called by the OPA on August 18th, EnerNOC provided more than 100% of its enrolled capacity and more than half of the total amount of megawatts delivered to the OPA.
“EnerNOC’s performance during the first ever DR3 event adds to our strong track record of delivering on our commitments, making demand response a reliable alternative to traditional, fossil-fuel burning power plants,” said EnerNOC’s Chairman and CEO, Tim Healy.
EnerNOC announced its contract to provide the OPA up to 25 MW of demand response capacity on April 2, 2008. This contract is designed to provide a clean energy resource to help alleviate strain on the electricity grid and stabilize wholesale electricity prices. EnerNOC continues to actively recruit businesses and institutions for its Ontario Lights the Way™ demand response network as part of the DR3 program, which just went live on August 1st and which the OPA expects will rapidly grow. Participating businesses and institutions receive payments from EnerNOC for agreeing to reduce electricity use during DR3 events. For information about joining EnerNOC’s Ontario Lights the Way demand response network, email info@enernoc.com, subject line “Ontario.”
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, including the Company’s ability to successfully deliver capacity under its new agreement with the Ontario Power Authority and to expand into new markets, 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 June 30, 2008, as filed with the Securities and Exchange Commission on August 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, 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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