EnerNOC, Inc. (Nasdaq:ENOC) has expanded its demand response presence in Northern California, securing the opportunity to grow its megawatts in the region by over 50 percent through 2015. EnerNOC won the additional megawatts through a competitive bidding process; EnerNOC's share comprised nearly 45 percent of the total megawatts awarded.
"We have a longstanding, successful history helping utilities in California address their demand-side management objectives, while delivering substantial value to their commercial, institutional, and industrial energy users," said Tim Healy, Chairman and CEO of EnerNOC.
"The fact that this new contract expands the services we're providing in the region is a testament to the value that demand response provides to the resource mix in Northern California."
EnerNOC already has commercial and industrial energy efficiency contracts in Northern California, allowing additional customers in the region to benefit from an integrated energy management portfolio comprised of both demand response and energy efficiency solutions.
EnerNOC, which provides its Utility Solutions™ Implementation and Consulting services to hundreds of utilities, grid operators, and power distributors worldwide, is the largest third-party provider of demand response resources in California. Commercial, institutional, and industrial participants in EnerNOC's demand response network receive access to EnerNOC's DemandSMART™ application, which helps improve demand response curtailment, maximize demand response payments, and improve visibility into real-time energy consumption.
This program is administered by Pacific Gas & Electric and funded by California utility customers under the auspices of the California Public Utilities Commission. The contract has received public utility commission approval.