×

The London Underground Joins EnerNOC’s Demand Side Response Network

BOSTON, July 11, 2016 (GLOBE NEWSWIRE) -- 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

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: Sarah McAuley 617.532.8195 news@enernoc.com EnerNOC Investor Relations: Christopher Sands 617.692.2569 ir@enernoc.com

Source:EnerNOC, Inc.