BIRMINGHAM, UNITED KINGDOM -- (Marketwire) -- 05/31/12 -- EnerNOC, Inc. (NASDAQ: ENOC), the world's leading provider of demand response applications and services, today announced that DemandSMART™, EnerNOC's comprehensive demand response application, has been selected by SustainabilityLive's Environment and Energy Awards as the 2012 Energy Product of the Year. The Environment and Energy Awards celebrate excellence and innovation from businesses and technology providers in the market place. The awards were presented at a reception held on Tuesday, May 22, 2012, at the National Motorcycle Museum in Birmingham.
"We are very honored to receive this recognition for the role that our DemandSMART application is playing in the rapidly evolving UK electricity market," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC has developed the tools that will streamline demand response participation for our commercial, institutional, and industrial customers in the UK."
DemandSMART is a hosted software application that enables customers participating in demand response to view real-time energy data, to monitor demand response performance, and to assess the impact of other energy efficiency measures on their overall energy spend. When the UK electrical grid experiences an imbalance between supply and demand, the grid operator sends a signal to EnerNOC'sNetwork Operations Centre that triggers a demand response despatch. Participants in EnerNOC's demand response programme then respond by reducing non-essential electricity usage, thus restoring balance to the grid. DemandSMART gives participants a real-time view into how they are performing against target energy reductions during demand response despatches and enables them to identify other areas where energy can be managed more efficiently.Through DemandSMART's automated demand response (AutoDR) functionality, EnerNOC can remotely reduce electricity usage at participating sites directly from its Network Operations Centre. This automated demand response technology helps make demand response participation a seamless process in a variety of settings, from commercial property to hospitals to heavy industrial sites.
EnerNOC has more than 8,000 megawatts (MW) of demand response under management across its worldwide portfolio. This network allows coordinated electricity reductions that can serve the same purpose as "peaking" or "short-term reserve" power plants. In the UK, the majority of this activity occurs within National Grid's Short-Term Operating Reserve (STOR) programme. Demand response contributes to the UK's low carbon energy future by balancing inconsistencies and intermittencies in renewable energy, like solar and wind.
To learn more about EnerNOC's award-winning energy management applications, please visit http://www.enernoc.com/solutions.
About EnerNOC
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™, continuous
energy savings; 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, specifically its DemandSMART application 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.
Media Relations: Sarah McAuley (617) 532.8195 news@enernoc.com Investor Relations: Jennifer Varley (617) 532.8104 ir@enernoc.com
Source: EnerNOC, Inc.
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