EnerNOC Signs Its Largest Agricultural Demand Response Contract
10-year, 185 Megawatt Deal With PacifiCorp Leverages EnerNOC's Leading
Technology for the Agricultural Sector
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."
EnerNOC is a leader in the rapid deployment of fully automated demand response
software. EnerNOC's Utility Solutions™ offerings, which include both
implementation and consulting services, have helped hundreds of utilities and
grid operators worldwide meet their demand-side management goals.
EnerNOC unlocks the full value of energy management for our 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 its
suite of energy management applications including: DemandSMART™, comprehensive
demand response; EfficiencySMART™, continuous energy savings; and
SupplySMART™, energy price and risk management. Our Network Operations Center
(NOC) offers 24x7x365 customer support. For more information, visit
The EnerNOC, Inc. logo is available at
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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
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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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