SOURCE: EnerNOC, Inc.

EnerNOC, Inc.

May 16, 2011 08:30 ET

EnerNOC's Growth in PJM Continues; Expects Over $275 Million of DemandSMART Revenue in PJM Market in 2014

Base Residual Auction Results Position EnerNOC to Expand Its Leadership in PJM

BOSTON, MA--(Marketwire - May 16, 2011) - EnerNOC, Inc. (NASDAQ: ENOC), the leading provider of demand response applications and services, announced today that it now expects over $275 million of PJM demand response revenue in 2014. This expectation is based on results of PJM's 2014/2015 Reliability Pricing Model Base Residual Auction announced on May 13.

"The results of the Base Residual Auction highlight the value of demand response as a cost-effective capacity resource," said Tim Healy, Chairman and CEO of EnerNOC. "We're excited to have the opportunity to build on our leadership position in PJM and to continue to help make the PJM market more reliable and efficient."

In a statement issued earlier this month by PJM, PJM's senior vice president of operations, Michael Kormos, applauded the role of demand response, stating: "We expect to be able to manage the region's power needs because of ample reserves and the continuing success we've had with our demand response program, which was key last summer in managing the weeks of sustained high temperatures and electricity use."

About EnerNOC
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™, comprehensive demand response; EfficiencySMART™, data-driven energy efficiency; SupplySMART™, energy price and risk management; and CarbonSMART™, enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. 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 EnerNOC's future potential revenues and the future growth and success of EnerNOC's DemandSMART application, 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 Information