SAN ANTONIO, TX and BOSTON, MA -- (MARKET WIRE) -- 01/24/12DistribuTECH conference (Booth #4029) that it will implement an automated demand response (AutoDR) program for Louisville Gas and Electric and Kentucky Utilities Company (LG&E and KU). As the program implementer in this three-year agreement, EnerNOC will collaborate with LG&E and KU to recruit and enroll a set of the utility's commercial customers to participate in demand response. LG&E and KU will also have the ability to access customized dashboards and reports through EnerNOC's™. These Software-as-a-Service (SaaS) tools will allow the utility to dispatch, monitor, and measure performance of demand response resources throughout its service territory.
"As our customers' trusted energy adviser, we recognize that many businesses are looking to save money by saving energy. Demand response is a great opportunity to do that, and it provides an important service to the grid," said David Huff, director of Customer Energy Efficiency and Smart Meter Strategy. "We value the ability to have real-time visibility into demand response resource performance, and we think our commercial customers will appreciate EnerNOC's AutoDR technology, user-friendly software, and deep expertise in demand response program implementation."
LG&E and KU serve nearly one million electric customers across more than 90 counties in Kentucky and Virginia. Through this program, LG&E and KU and EnerNOC will focus specifically on commercial customers who are able to shed non-essential electricity usage temporarily in exchange for incentive payments from the utility. As the program implementer, EnerNOC will work with building staff at each participating site to create a customized energy curtailment plan that maximizes energy reduction opportunities with minimal impact on business operations. Common strategies include raising thermostat settings by a few degrees, changing ventilation patterns, or cutting back on non-essential lighting.
In addition, EnerNOC will provide LG&E and KU on-site metering and communications equipment that allows utility staff to monitor demand response resources in real time through EnerNOC's SaaS interface. These secure, web-based tools provide customized, real-time dispatch and reporting functionality that will enable LG&E and KU to deploy resources when and where they are needed. In addition, participating businesses will have access to similar tools through DemandSMART, which can be used to monitor and maximize their curtailment opportunities, and in turn, their program participation payments. DemandSMART offers customers real-time energy usage data both during and outside of curtailment events, which helps with the identification of additional energy savings opportunities.
"In a difficult economic climate, many businesses are looking for ways to control costs and create new sources of revenue. Demand response meets both of those needs, and automation makes the process even more seamless," said Tim Healy, Chairman and CEO of EnerNOC. "Our engineers have enabled more than 11,000 customer sites to participate in demand response, and we look forward to working with LG&E and KU to bring the benefits of AutoDR to their customers."
EnerNOC Utility Solutions provides a comprehensive set of demand response solutions for utilities, including AutoDR programs, turnkey implementation services, and groundbreaking balancing and frequency response programs that are deployed across the globe. For more information about EnerNOC's award-winning suite of solutions for utilities, please visit .
About LG&E/KU
Louisville Gas and Electric Company is a regulated
utility that serves 321,000 natural gas and 397,000 electric
customers in Louisville and 16 surrounding counties. Kentucky
Utilities Company is a regulated electric utility that serves
546,000 customers in 77 Kentucky counties and five counties
in Virginia. It has consistently ranked among the best
companies for customer service in the United States.
Louisville Gas and Electric and Kentucky Utilities Company
are part of the PPL Corporation (NYSE: PPL) family of
companies.
About EnerNOC
EnerNOC Utility Solutions has teamed with hundreds of
utilities and grid operators worldwide to meet their
demand-side management objectives. Our Program Implementation
group partners with leading utilities to deliver
custom-tailored demand response and energy efficiency
programs designed to maximize both cost-effectiveness and
customer satisfaction within the commercial, industrial, and
agricultural market segments. Our Consulting Services group
supports a broad range of utility demand-side management
activities, including potential assessments, program design
and administration, load research, technology demonstrations,
measurement and evaluation, and regulatory support. EnerNOC
leverages its experience working with thousands of
commercial, institutional, industrial, and agricultural
sites, its SMART suite of energy management solutions, and
its Network Operations Center (NOC), to deliver reliable load
reductions and millions of megawatt hours of energy savings
each year. For more information, visit .
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 management applications
and services, including EnerNOC's automated demand
response application and services, and the ability of
EnerNOC's customers to derive benefits from these
applications and services, may constitute forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. 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, EnerNOC'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.
Contact: Media Relations: Sarah McAuley (617) 532.8195 news@enernoc.com Investor Relations: ir@enernoc.com
Source: EnerNOC, Inc.
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