TransGrid Increases Network Reliability With EnerNOC's DemandSMART(TM)
Expands EnerNOC's Demand Response Contract in Sydney, Australia
SYDNEY, New South Wales, Oct. 31, 2012 (GLOBE NEWSWIRE) -- EnerNOC, Inc.
(Nasdaq:ENOC), a global provider of energy management applications and
services, has finalized an agreement with TransGrid, the New South Wales
transmission network operator, to provide 35 megawatts (MW) of demand response
capacity in the Sydney metropolitan area. Managing Director of TransGrid, Mr.
Peter McIntyre, said the innovative demand management agreement between the
two companies will help reduce peak demand and support Sydney's high voltage
electricity grid this coming summer.
"By having the ability to shift the power consumption of some of Sydney's
major energy users outside peak periods, TransGrid will be in the best
position to respond to pressure on its existing transmission network during
peak periods," said Mr. McIntyre. "In addition, EnerNOC's software will allow
some of Sydney's largest energy users to understand how their sites consume
energy and how they can reduce consumption at peak times."
"EnerNOC continues to see significant opportunity in the Australia and New
Zealand markets, encouraged by innovative companies like TransGrid that are
embracing EnerNOC's technology-driven approach for meeting the region's energy
needs," said Tim Healy, Chairman and CEO of EnerNOC.
In addition to maximizing demand response dispatch performance, EnerNOC
enables participants in its demand response network to view and more actively
manage their energy usage in real time. EnerNOC has deployed its DemandSMART
software at thousands of sites worldwide, including universities, data
centers, and manufacturing facilities throughout the Sydney metropolitan area.
"The program is ideally suited for organizations that use a large amount of
energy and are looking for innovative ways to lower costs and improve their
bottom lines," said Jeff Renaud, EnerNOC's Director of Australia and New
For more information on TransGrid, visit: www.transgrid.com.au
For more information on EnerNOC or its energy management applications, visit:
TransGrid is responsible for the high voltage electricity transmission network
in New South Wales, Australia. Electricity is generated at power stations, and
then transmitted by TransGrid to electricity distributors through its network
of over 12,600km of high voltage transmission lines and substations.
Electricity is delivered to homes and businesses by distributors such as
Essential Energy, Ausgrid and Endeavour Energy. For more information, visit:
EnerNOC unlocks the full value of energy management for our utility and
commercial, institutional, and industrial (C&I) customers by reducing
real-time demand for electricity, increasing energy efficiency, improving
energy supply transparency in competitive markets, and mitigating emissions.
EnerNOC serves thousands of commercial, intuitional, and industrial customers
worldwide through its suite of energy management applications including:
DemandSMART™, comprehensive demand response; EfficiencySMART™, continuous
energy savings; SupplySMART™, energy price and risk management; and
CarbonSMART™, enterprise carbon management. EnerNOC's Utility Solutions™
offerings, which include Program Implementation and Consulting services, have
helped hundreds of utilities and grid operators worldwide meet their
demand-side management objectives. Our Network Operations Center (NOC) offers
24x7x365 customer support. For more information, visit www.enernoc.com.
The EnerNOC, Inc. logo is available at
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 Company's clean and intelligent energy
management applications and services, in particular its DemandSMART
application, and the ability of EnerNOC to expand the value it brings to its
utility and C&I customers, may constitute forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
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, EnerNOC'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:
TransGrid Media Relations:
EnerNOC, Inc. Logo
Press spacebar to pause and continue. Press esc to stop.