EnerNOC, Inc., the world’s leading provider of demand response applications and services, today announced that it expects to recognize over $300 million in revenue in the PJM capacity market during the 2015/2016 delivery year based on results of PJM's Reliability Pricing Model Base Residual Auction announced on May 18.
“Our strategy for the 2015/2016 auction was to continue to scale profitably, to solidify our position as PJM’s largest demand response provider, and to secure premium capacity prices for our customers. Once again, our strong financial position gave us the flexibility to execute that strategy while positioning us well to capitalize on future growth opportunities,” said Tim Healy, EnerNOC’s Chairman and CEO. “The record amount of demand response that was procured through this auction continues to highlight the cost-effectiveness of this resource, and we could not be more pleased with our results.”
EnerNOC (enernoc.com) 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™, continuous energy savings; 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.
Safe Harbor Statement
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