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 www.enernoc.com.
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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 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 the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. 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, 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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