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BOSTON, Jan. 17, 2014 (GLOBE NEWSWIRE) --
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that it repeatedly dispatched its commercial and industrial customers' demand response resources in New South Wales, South Australia, and Victoria, Australia in response to this week's heat wave that strained the region's electric power grid and caused prices to spike. These energy users leveraged EnerNOC's DemandSMART
TM software to manage participation in Australia's growing demand response market during multiple dispatches starting Monday, helping to prevent power outages and stabilize prices.
This week's conditions caused near record-breaking demand in eastern Australia; the states of Victoria and South Australia reached electricity consumption levels last seen in January 2009. Prices also spiked in the region, with the wholesale price of electricity rising for brief periods to over $6,200 per megawatt-hour in South Australia and over $5,900 per megawatt-hour in Victoria. Without resources such as demand response and solar generation available, these price levels would have been sustained for longer durations.
"Demand response delivered using EnerNOC's DemandSMART software continues to be an important and reliable resource in eastern Australia during this period of unrelenting heat and grid constraint, helping to keep the lights on and maintain stable prices," said Tim Healy, Chairman and CEO of EnerNOC. "We see great potential for demand response in eastern Australia, and we thank our customers for relying on EnerNOC technology to deliver much-needed capacity to the grid."
For more information about EnerNOC's demand-side management software and solutions, please visit:
EnerNOC (Nasdaq:ENOC) is a leading provider of energy intelligence software and related solutions. 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
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http://www.globenewswire.com/newsroom/prs/?pkgid=5804Safe 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.
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