Consumers Energy Expands Demand Response Contract with EnerNOC
May 31 2016 - 8:35AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that Consumers Energy, Michigan’s largest utility,
is expanding its demand response partnership with EnerNOC. The
expanded contract will extend the benefits of demand response to
more of Consumers Energy’s commercial and industrial customers with
the goal of delivering up to 40 megawatts of demand response
capacity into the Midcontinent Independent System Operator (MISO)
market. Under the terms of the contract, EnerNOC will provide its
industry-leading demand response technology and support services,
and Consumers Energy will spearhead customer recruitment and manage
overall market participation as part of its cost-effective and
balanced energy supply portfolio. This expansion follows a
successful demand response pilot with Consumers Energy in 2015.
This will be the first time a demand response portfolio powered by
EnerNOC’s technology will participate in the MISO market.
“Customers who participate in demand response receive direct
financial benefits, as well as the satisfaction of helping all
energy users by diversifying our region’s resource mix and helping
Michigan cost-effectively meet its sustainability objectives, with
Michigan resources,” said Garrick Rochow, Vice President and Chief
Customer Officer at Consumers Energy. “EnerNOC’s demand response
technology and market expertise aligns with Consumers Energy’s
commitment to utilizing the most innovative technologies to deliver
sustainable, cost-effective, reliable energy and maintain high
customer satisfaction.”
“Consumers Energy has taken a forward-looking approach to the
provision of energy services and engaging its customers, providing
rich, value-added services like demand response that empower
intelligent energy management,” said Tim Healy, Chairman and CEO of
EnerNOC. “We’re excited to build on the early success of our
partnership and together extend the benefits of demand response to
more Michigan businesses.”
To learn more about EnerNOC’s demand response technology for
utilities, go to:
https://www.enernoc.com/products/utilities/capabilities/demand-response
About EnerNOC
EnerNOC is a leading provider of energy intelligence software
(EIS) and demand response solutions. With capabilities to better
address budgets and procurement, utility bill management, facility
analysis and optimization, sustainability and reporting, project
tracking, and demand management, EnerNOC's SaaS platform helps
enterprises control energy costs, mitigate risk, and streamline
compliance and sustainability reporting. EnerNOC also offers access
to more demand response programs worldwide than any other provider,
offering businesses a valuable payment stream to further enhance
bottom line results and utilities and grid operators a reliable,
cost-effective demand-side resource. For more information, visit
www.enernoc.com.
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 intelligence
software, and the benefits that customers may derive from
technology updates or enhancements to that software, 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.
EnerNOC Media Relations:
Robin Woodcock
617.692.2601
news@enernoc.com
EnerNOC Investor Relations:
Christopher Sands
617.692.2569
ir@enernoc.com
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