Source: EnerNOC, Inc.
EnerNOC, Inc. (Nasdaq:ENOC), a leading provider of clean and intelligent energy management applications, announced that it has dispatched its demand response network 18 times in California in the past week as a result of high temperatures across the state.
"This summer, demand response has repeatedly served as a key resource to help maintain the real-time balance between electricity supply and demand," said Tim Healy, EnerNOC's Chairman and CEO. "EnerNOC's network continues to meet and, in many cases, exceed expectations by reliably providing clean capacity to the grid when and where it's needed most."
When called upon by any of the three investor owned utilities in California, EnerNOC dispatches its network of commercial, institutional, and industrial customers, who respond by reducing non-essential energy usage at their facilities. In exchange for the value these organizations provide to the grid, EnerNOC compensates them with financial payments.
"EnerNOC understands that maximizing demand response revenue opportunities for our customers is the biggest value we bring to the table. We achieve this objective by arming our customers with a state-of-the-art demand response management application, DemandSMART™, and equipping our operations staff with the technology they need to effectively automate and manage demand response dispatches," said Darren Brady, Chief Operating Officer, EnerNOC.
In addition to the financial payments they receive, EnerNOC customers often cite the benefit they are providing to their communities by helping to prevent brownouts and blackouts, while helping to reduce electricity rates, as primary drivers for participation.
"Energy is one of our top expenses, so we're glad to reduce our annual bill in any way possible. With demand response, we can lower our energy costs while helping to protect the energy grid, and the environment," said Danny Vincent, Plant Manager, Guadalupe Cooling, Guadalupe, CA.
"We feel like we're helping our community and our state by participating in EnerNOC demand response. We want to be a resource during unplanned events that put the grid at risk," said John Rouse, Vice President of Operations, Aquarium of the Pacific, Los Angeles, CA.
"Participating in demand response is a significant element in Stater Bros' commitment to being a sustainable partner in our community. The EnerNOC program also earns Stater Bros. significant revenues that help reduce operating costs," said Scott Limbacher, VP of Construction and Maintenance at Stater Brothers grocery store, which has more than 150 facilities enrolled in EnerNOC's demand response network throughout Southern California.
EnerNOC demand response network aids California grid capacity during heat wave
Source: EnerNOC, Inc.