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EnerNOC Introduces New Utility Demand Response Product

Stocks in this article: ENOC

SAN ANTONIO and BOSTON, Jan. 29, 2014 (GLOBE NEWSWIRE) -- Today at DistribuTECH, EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), announced that it has expanded its demand response offerings for electric utilities and retail energy suppliers. The company introduced EnerNOC Demand Manager TM, software-as-a-service (SaaS) that provides utilities and retailers with the tools to manage their demand response programs and leverages EnerNOC's industry-leading technology for commercial and industrial (C&I) demand response. This new offering also includes a data integration API that allows EnerNOC's energy intelligence software to integrate with utility interval data collected from existing utility meters, which will allow utilities to leverage their investments in AMI/smart meter infrastructure and deliver additional value to their C&I customer base.

"This expansion enables a broader range of utility customers to benefit from EnerNOC's energy intelligence software and solutions," said Tim Healy, Chairman and CEO of EnerNOC. "We can now provide utilities and retailers EnerNOC Demand Manager TM if they prefer to buy software and professional services for demand response program management over traditional capacity-based resource procurement."

EnerNOC now offers the following two demand response products to utilities and retailers:

  • EnerNOC Demand Resource TM, a capacity-based agreement that provides utilities an assured level of load reduction delivered by EnerNOC on a turnkey, fully outsourced basis; and
  • EnerNOC Demand Manager TM, software-as-a-service that provides utilities with tools to manage their demand response programs, including real-time load monitoring, dispatching applications, customizable reports, measurement and verification applications, and numerous professional services.

EnerNOC Demand Manager TM allows utilities and retailers to improve the performance and cost-effectiveness of their internally managed demand response programs by leveraging EnerNOC's DemandSMARTâ„¢ cloud-based demand response software, OpenADR 2.0B-certified real-time metering and controls, and secure network operations infrastructure. Utilities and retailers can now purchase EnerNOC's integrated software and hardware as a stand-alone package or in combination with customized customer engagement and professional services, including program marketing support, participant recruitment, field engineering services, and portfolio management, among others.

Several EnerNOC utility customers have already adopted and begun implementing EnerNOC Demand Manager TM, including Louisville Gas & Electric and Kentucky Utilities Company (LG&E and KU) and ERM Power in Eastern Australia.

"We needed to provide our medium and large commercial customers with an effective way to partner with us to help manage future energy costs," said David Huff, Director of Customer Energy Efficiency and Smart Meter Strategy, LG&E and KU. "Through our partnership with EnerNOC, we were able to quickly and effectively engage our commercial customers in a successful tariff-based program, proving that demand response can be implemented in a cost-effective manner. We managed our customer incentive payments directly, while EnerNOC supported our program with recruitment, site enablement, and dispatch and monitoring software."

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