EnerNOC Signs Demand Response Contract with FirstEnergy
January 18 2017 - 7:34AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that it has signed a four year, multi-million
dollar demand response contract with FirstEnergy.
Under the terms of the contract, EnerNOC will deliver demand
response resources to three of FirstEnergy’s Pennsylvania
utilities, helping the company cost-effectively meet its demand
reduction targets mandated by Pennsylvania Act 129.
“EnerNOC’s demand response solutions continue to be one of the
most cost-effective resources utilities have at their disposal to
improve the overall efficiency and reliability of the grid,” said
Tim Healy, Chairman and CEO of EnerNOC. “We’re excited to
extend our relationship with FirstEnergy, and together, put money
back into the local economy.”
EnerNOC’s demand response programs pay commercial and industrial
energy users to reduce energy consumption during times of peak
demand. EnerNOC’s industry-leading software helps companies
maximize their demand response payments by providing real-time
visibility into performance during demand response dispatches,
while also giving utilities a real-time view into how both
individual demand response assets and the portfolio as a whole are
performing.
About EnerNOC
EnerNOC is a leading provider of energy intelligence software
(EIS) and demand response solutions. With capabilities to better
address budgets and procurement, utility bill management, facility
analysis and optimization, sustainability and reporting, project
tracking, and demand management, EnerNOC's SaaS platform helps
enterprises control energy costs, mitigate risk, and streamline
compliance and sustainability reporting. EnerNOC also offers access
to more demand response programs worldwide than any other provider,
offering enterprises a valuable payment stream to further enhance
bottom line results and utilities and grid operators a reliable,
cost-effective demand-side resource. 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 Company's future financial performance on both a GAAP and
non-GAAP basis, and the future growth and success of the Company's
energy intelligence software and demand response solutions, may
constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 and other federal
securities laws. 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, 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.
EnerNOC Media Relations:
Sarah McAuley
617.532.8195
news@enernoc.com
EnerNOC Investor Relations:
ir@enernoc.com
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