This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

EnerNOC Signs Its Largest Agricultural Demand Response Contract

Stocks in this article: ENOC

BOSTON, March 21, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of demand response and energy management applications for the utility enterprise and agricultural sector, today announced a new 10-year contract with PacifiCorp to deliver approximately 185 megawatts of electric reduction capability in Idaho and Utah, with the potential to expand into additional states in the future. PacifiCorp is a leading utility serving approximately 1.7 million customers in six Western states, providing electric service in Idaho and Utah as Rocky Mountain Power. This contract represents one of the largest outsourced demand response programs in North America and EnerNOC's largest single contract in the agricultural sector.

Through this EnerNOC Utility Solutions™ contract, EnerNOC will provide PacifiCorp with the ability to automatically dispatch approximately 185 megawatts of agricultural demand response capacity directly from the EnerNOC Utility Portal and to view real-time asset- and portfolio-level performance data. EnerNOC's comprehensive end-to-end demand response solution will collect real-time energy interval and irrigation pump status data across every farm in the network. This data will be continuously streamed to EnerNOC's Network Operations Center (NOC), where it will be monitored to ensure capacity availability and performance against PacifiCorp's target.

"We selected EnerNOC through a competitive bidding process. Partnering with EnerNOC to provide an irrigation control technology platform helps us realize our goal of reliably meeting our customers' energy requirements," said Carol Hunter, PacifiCorp Vice President of Energy Efficiency.

As the contract commences this summer, participating agricultural customers will access their real-time energy data through EnerNOC's DemandSMART™ cloud-based demand response application, and will be paid for their electric reduction capability. EnerNOC's software provides agricultural customers additional tools for enhanced energy control and farm operations management.

"We are proud that PacifiCorp selected EnerNOC to build one of the largest fully automated demand response resources in the world," said Tim Healy, Chairman and CEO of EnerNOC. "We have invested heavily in the development of our cloud-based energy management platform to deliver the capacity that our utility partners rely on and the tools our commercial customers prefer."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,672.60 -141.38 -0.79%
S&P 500 2,051.82 -11.33 -0.55%
NASDAQ 4,757.8790 +7.4820 0.16%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs