The London Underground Joins EnerNOC’s Demand Side Response Network
July 11 2016 - 3:34AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that the London Underground is the latest business
to join EnerNOC’s demand response network. Demand response programs
pay electricity users for their flexibility to help stabilize the
electricity grid during urgent periods, such as peak usage or high
energy prices. This demand side flexibility helps keep rates
affordable for all consumers.
The London Underground network – known to Londoners as “the
Tube” – is the biggest power consumer in London and has the largest
private power network in the United Kingdom. They also run a
back-up power station to ensure seamless service during power
interruptions. Now, by joining EnerNOC’s demand response network,
London Underground will be paid for using its back-up power during
times of peak demand, reducing its reliance on the National Grid
and helping to ensure grid reliability for all Londoners.
“Participating in demand-side response is good for London
Underground, providing an easy way for us to earn money by using
our existing infrastructure. More importantly, it helps us in our
mission to be a responsible corporate citizen and provide a benefit
to all of the customers we serve,” said Russell Fleetwood, London
Underground Generation Manager.
“Demand-side response is a win-win scenario for businesses in
the UK. Companies earn money for their participation and consumers
at large benefit from a more cost effective and reliable power
grid. EnerNOC’s demand side response software helps businesses
manage their participation to maximize potential earnings and, as
the largest demand side response provider in the world, we can help
ensure that participation is seamless,” said Patrick Liddy,
Director UK and Ireland at EnerNOC.
To learn more about EnerNOC’s demand response technology for
enterprises in the United Kingdom, go to:
https://www.enernoc.com/products/businesses/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 enterprise SaaS platform
helps businesses 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. EnerNOC’s utility SaaS
platform enables energy suppliers to forge deeper customer
relationships, address regulatory mandates, and cost-effectively
integrate demand-side resources to improve grid reliability through
key capabilities, including customer engagement, demand response,
energy efficiency, operational effectiveness, and wholesale
procurement. For more information, visit www.enernoc.com.
Safe Harbor Statement
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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
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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:
Sarah McAuley
617.532.8195
news@enernoc.com
EnerNOC Investor Relations:
Christopher Sands
617.692.2569
ir@enernoc.com
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