BOSTON, MA -- (Marketwire) -- 09/12/11 -- EnerNOC, Inc. (NASDAQ: ENOC), the world's leading provider of demand response applications and services, today announced that it has been selected by the Alberta Electric System Operator (AESO) to provide 150 megawatts of automated demand response through its DemandSMART comprehensive demand response application. By leveraging DemandSMART in AESO's Load Shed Service for Imports Program, EnerNOC expects to increase the transfer capability of the Alberta-B.C. intertie, enabling the AESO to increase its ability to import electricity from other jurisdictions and ultimately deliver reliable, cost-effective service to Alberta's electricity users.
'EnerNOC's demand response resources provide a cost-effective way to increase the amount of electricity we can import from other jurisdictions and, in turn, ensure that our customers have the resources they need to continue developing the local economy,' said Miranda Keating Erickson, Director of Market Design at the AESO.
In this innovative ancillary services program, EnerNOC will deploy its automated demand response technology at industrial sites. If system frequency drops below a pre-defined threshold due to conditions along the Alberta-B.C. intertie or other system contingencies, DemandSMART will detect the change and respond by automatically reducing electricity consumption at participating sites in less than a second. Through this service, the AESO will secure the reserve resource it requires to increase its import capabilities from other jurisdictions.
'This deployment of DemandSMART demonstrates the power and flexibility of our technology and showcases our ability to provide automated demand response resources beyond traditional capacity markets,' said Tim Healy, EnerNOC's CEO and Chairman. 'Not only will DemandSMART unlock a new revenue stream for program participants but also it will support economic growth in Alberta. And, with our automated demand response technology, it only takes a fraction of a second for us to deliver the value of demand-side energy management.'
EnerNOC has extensive experience working with commercial and industrial customers across Canada and will be collaborating with large users of electricity to identify areas for potential energy reductions. Program participants will earn regular payments for their availability and response to dispatches, as well as access to real-time energy use data through DemandSMART, EnerNOC's comprehensive automated demand response application, enabling them to target areas for future energy savings.
'EnerNOC's technicians and Network Operations Center staff are very familiar with managing energy in industrial settings, even in programs that require a very quick response,' said Kelly Lorincz, Director, Canada at EnerNOC. 'We will be working closely with some of the province's leading energy users to ensure that they can provide maximum value, both to the grid and their businesses, by participating in demand response.'
For more information about DemandSMART and EnerNOC's full suite of energy management applications, visit 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 capabilities of EnerNOC's automated demand response technology and the impact that this technology may have on economic growth in Alberta, 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.