BOSTON, MA, June 1, 2011 – EnerNOC, Inc. (NASDAQ: ENOC), the leading provider of demand response services and applications, today announced that its DemandSMART™ network responded to its most active dispatch period to date, including its largest-ever dispatch when PJM Interconnection called for 1,200 megawatts (MW) across 1,600 sites from New Jersey to Virginia on May 31, 2011. This dispatch marked an extraordinary 48-hour period beginning on May 30, during which EnerNOC triggered demand response procedures at more than 2,600 commercial and industrial (C&I) sites located in the United States, Canada, and the United Kingdom.
“Our portfolio was dispatched over 220 times last year, and we are off to a fast start in 2011. These early-season dispatches remind us that demand response is far more than a summer-only resource. Our grid operator and utility partners are relying on demand response more than ever, our C&I providers are ready to deliver capacity whenever and wherever it is needed, and our Network Operations Center is there 24/7/365 to support them all,” said Tim Healy, chairman and CEO of EnerNOC. “Utilities and grid operators can depend on EnerNOC’s services, and our applications unlock new revenue streams for thousands of businesses and organizations worldwide. Ultimately, all ratepayers benefit from a more cost-effective and reliable electric power grid throughout the year.”
During the May 30 and 31 dispatches, EnerNOC’s network contributed demand response resources to National Grid in the United Kingdom, the Ontario Power Authority in Canada, and both PJM Interconnection and the Tennessee Valley Authority in the United States. The variety and duration of these events also showcased EnerNOC’s ability to serve a broad range of system needs, including capacity and ancillary service requirements, as customers responded to emergency as well as spinning reserves dispatches.
As of March 31, 2011, EnerNOC had more than 6,300 MW under management across more than 10,100 sites. For more information about EnerNOC’s DemandSMART comprehensive demand response application or its suite of energy management applications, please visit http://www.enernoc.com/solutions.
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, data-driven energy efficiency; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. 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 energy management applications and services and the ability of EnerNOC’s customers to derive benefits from such applications and services, 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 most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, 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.