BOSTON, July 23, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software, today announced that its customer network was widely deployed last week to reduce peak demand for electricity across twelve states and Ontario. The extreme heat wave in the northeast and mid-Atlantic regions of the U.S. in particular caused heavy demand for electricity. For example, New York State set a new record peak demand of 33,956 megawatts last Friday, July 19, surpassing the previous record of 33,939 megawatts set on August 2, 2006. Utilizing EnerNOC's DemandSMART TM software, thousands of commercial, institutional, industrial, and agricultural customers in Idaho, Illinois, Kentucky, Maryland, New Jersey, New York, Ohio, Pennsylvania, Utah, Vermont, Virginia, and West Virginia participated in 20 separate dispatches to help grid operators and utilities manage peak demand and stabilize prices.
"With record temperatures and demand for electricity increasing as the heat wave persisted, our DemandSMART software enabled us to efficiently manage a multitude of simultaneous dispatches and deliver the capacity that our grid operator and utility customers rely on," said Tim Healy, Chairman and CEO of EnerNOC. "Thousands of our customers who engage in energy management with our software and make decisions with our applications as their primary tool were actively using DemandSMART last week, monitoring weather and grid conditions, analyzing their real-time data, and managing their energy use."
EnerNOC has dispatched almost as many customer sites in 2013 as it did in all of 2012 and last week's dispatches saw greater customer engagement with DemandSMART than at any time in Company history. To learn more about EnerNOC's suite of energy intelligence software and related services, go to http://www.enernoc.com/for-businesses .About EnerNOC EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software. EnerNOC unlocks the full value of energy management for utility and commercial, institutional, and industrial (C&I) customers by delivering a comprehensive suite of demand-side management services that reduce real-time demand for electricity, increase energy efficiency, improve energy supply transparency in competitive markets, and mitigate emissions. EnerNOC's Utility Solutions™ offerings, which include both implementation and consulting services, are helping hundreds of utilities and grid operators worldwide meet their demand-side management objectives. EnerNOC serves thousands of commercial, institutional, and industrial customers worldwide through a suite of energy management applications including: DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous energy savings; and SupplySMART™, energy price and risk management. EnerNOC's Network Operations Center (NOC) offers 24x7x365 customer support. For more information, visit www.enernoc.com . The EnerNOC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5804 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, including its DemandSMART application, and the benefits that customers may derive from those applications and services, 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.
CONTACT: Media Relations: Sarah McAuley, (617) 532.8195, firstname.lastname@example.org Investor Relations: Brian Norris, (617) 532.8104, email@example.com
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV