EnerNOC Expands into Newly De-Regulated Mexican Electricity Market
January 23 2017 - 8:34AM
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy
intelligence software (EIS) and demand response solutions,
announced today that it will begin providing energy sourcing and
advisory services in the recently de-regulated Mexican electricity
market. One of EnerNOC’s initial engagements in the region includes
a procurement contract with a leading automotive systems and
components supplier to design and manage a competitive energy
sourcing process, as well as provide ongoing market intelligence
and consulting services to optimize the company’s energy budget and
risk management strategy.
In 2016, the Mexican electricity market underwent
significant reform to create a competitive wholesale electricity
market, overseen by an independent system operator, El Centro
Nacional de Control de Energía (CENACE). In August, the market
rules were adjusted further, allowing more energy-intensive
companies to leverage competitive prices to secure favorable energy
contracts. Similar liberalization for Mexico’s natural gas market
is planned for 2017, and the introduction of a Clean Energy Credit
market is scheduled for 2018, presenting additional opportunities
for companies with operations in the region to buy energy more
strategically.
“Liberalization of energy markets is a trend that
is happening on a global scale. We’ve been monitoring the
developments in Mexico closely over the past year, and we’re
excited to leverage our expertise to help our customers secure
favorable electricity contracts that match their specific budget
and risk management goals,” said Jackie Bliss, General Manager of
Global Energy Procurement, EnerNOC. “Many of our existing US-based
industrial and manufacturing customers have energy-intensive
facilities in Mexico, and we are well-positioned to help them
capitalize on this attractive new market opportunity.”
For more information about EnerNOC’s energy
procurement expertise and services, please visit www.
https://www.enernoc.com/products/energy-procurement.
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 enterprises 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 Company's future financial performance
on both a GAAP and non-GAAP basis, and the future growth and
success of the Company's energy intelligence software and demand
response solutions, 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:
Sarah McAuley
617.532.8195
news@enernoc.com
EnerNOC Investor Relations:
ir@enernoc.com
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