EnerNOC Signs Its Largest Agricultural Demand Response Contract

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."

If you liked this article you might like

Insider Trading Alert - ERI, ENOC And UVSP Traded By Insiders

Today's Dead Cat Bounce Stock: EnerNOC (ENOC)

EnerNOC (ENOC) Weak On High Volume Today

EnerNOC (ENOC) Highlighted As Today's Perilous Reversal Stock

Insider Trading Alert - ENOC, QTS And KERX Traded By Insiders