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EnerNOC Signs Utility Contract Extension With Genesis Energy To Deliver Automated Demand Response In New Zealand

Stocks in this article: ENOC

SAN ANTONIO and BOSTON, Jan. 29, 2014 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy intelligence software (EIS), today announced that it has extended its EnerNOC Demand Manager TM contract with Genesis Energy to deliver sub-second automated demand response (AutoDR) on New Zealand's North and South Islands. This new agreement extends the North Island component of the contract through 2015. EnerNOC Demand Manager provides utilities with software-as-a-service tools to manage their demand response programs, including real-time load monitoring, dispatching applications, customizable reports, measurement and verification applications, and numerous professional services.

"Through Genesis Energy, EnerNOC is leveraging its advanced technology in New Zealand and has built one of the world's most sophisticated approaches to demand response," said Tim Healy, Chairman and CEO of EnerNOC. "EnerNOC's energy intelligence software and solutions help address grid challenges by delivering the tools customers need to provide ancillary services that enable load balancing and the integration of more renewable energy resources. We look forward to continuing our relationship with Genesis Energy and believe that there is an exciting opportunity to export the innovative solutions that we are developing in New Zealand to other markets around the world."

EnerNOC entered the New Zealand Electricity Market in July 2011 when it acquired Energy Response, which at the time was, and is still, the largest provider of demand response in Australia and New Zealand. In March 2012, EnerNOC expanded its New Zealand footprint to include the country's South Island through its initial agreement with Genesis Energy to provide AutoDR, referred to as Interruptible Load in that market.

When an under-frequency event is triggered, electric demand from commercial and industrial facilities that participate in this advanced program is automatically reduced from the grid in less than one second. After this demand response event, EnerNOC's AutoDR participants are then restored in a staggered fashion, limiting further stress on the grid that would occur if they were all to come back online at once.

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