BOSTON, March 12, 2013 (GLOBE NEWSWIRE) -- EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of energy management applications, announced today that it has extended one of its largest utility contracts to deliver energy efficiency solutions to commercial and industrial (C&I) energy users. Under the terms of the contract, two industrial energy efficiency programs – one targeted at the food processing sector and the other targeted at the oil and gas production sector – as well as a monitoring-based commissioning program for conditioned space, will be extended through December 31, 2014.
"This extension is a testament to the strength of our team and the value of our energy efficiency solutions. We are honored to have the opportunity to help utilities achieve their demand-side management goals through our energy efficiency applications and services," said Tim Healy, Chairman and CEO of EnerNOC. "Around the world, EnerNOC has built its reputation as a company that delivers the committed megawatt and megawatt-hour savings that utilities expect."
EnerNOC also has a contract to deliver demand response services in Northern California, providing C&I enterprises the opportunity to benefit from EnerNOC's integrated energy efficiency and demand response solutions, otherwise known as integrated demand-side management (IDSM). This integrated energy management approach allows EnerNOC to ensure that utilities and C&I enterprises alike maximize the value of their demand response and energy efficiency initiatives.
These programs are administered by Pacific Gas and Electric Company and funded by California utility customers under the auspices of the California Public Utilities Commission.
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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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, in particular its EfficiencySMART application, and the ability of EnerNOC to expand the value it brings to its utility and C&I customers, 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.