National Grid Selects EnerNOC (Nasdsaq: ENOC) to Manage Natural Gas Consumption in NYC

Austin, TX 4/17/12 (StreetBeat) -- EnerNOC, Inc.(NASDAQ: ENOC), a leading provider of energy management solutions for utilities and commercial, industrial, and institutional customers, today announced that National Grid has selected EnerNOC's technology and services platform to managenatural gas consumption at approximately 4,000 commercial, institutional, and industrial customer sites in Brooklyn and Queens. This agreement is in effect through March 2017. During this time, EnerNOC will provide National Grid with wireless hardware that automates fuel switching at the utility's enrolled customer sites. When on-site sensors detect that outdoor temperatures have dropped below a pre-defined level, EnerNOC's devices will automatically shift fuel consumption, optimizing the use of fuel sources based on weather and availability.

This innovative application of EnerNOC's technology enables National Grid to manage its gas supply portfolio and system capacity during peak demand periods in the winter heating season. In addition, National Grid will gain visibility into performance through EnerNOC's web-based software, which offers site-by-site and portfolio-wide performance data.

"Natural gas is a very attractive fuel for many of our customers, especially as prices have declined to historic lows. With that in mind, our goal is to leverage EnerNOC's technology to ensure that as many of our customers as possible have access to natural gas, even when demand is particularly high," said Ken Daly, President, National Grid New York. "We appreciate EnerNOC's combination of hardware and web-based software to track performance and manage this program."

With natural gas prices reaching record lows, EnerNOC's technology provides National Grid with tools to manage peak demand for gas. While other utilities have introduced temperature-controlled tariffs for natural gas, National Grid has gone one step further and chosen EnerNOC's technology to automate fuel switching. At each temperature-controlled customer site, EnerNOC's energy management platform can respond to programmable temperature settings, on demand, or on a set schedule to automatically shift fuel consumption from natural gas to oil for the duration of the peak load period. The process is seamless, and customers gain the benefit of lower rates throughout the year. In turn, National Grid can ensure system reliability and an ample supply of natural gas to all its customers during the winter period.

"Utility energy management opportunities are evolving, and EnerNOC offers the full breadth of services to make the most of those opportunities," said Tim Healy, EnerNOC's Chairman and CEO. "From hardware to software to full integration with back-office systems, this project demonstrates that range. It's also true to our goal of helping customers use energy more efficiently. Whether that energy comes in the form of electric power or natural gas, we are dedicated to helping utilities and their customers save money on their energy purchases."

Please contact www.thestreetbeat.com for interest in our latest investor relations platform the “CEO Interview Series” with its host Steve Kanaval. The package includes a one-on-one interview with a seasoned industry professional; published segment to our web site with embedded audio/video file; and a compressed file that can be easily e-mailed out to your current and/or potential investors. Please e-mail bflautt@gmail.com or call (662) 392-0740 for pricing and scheduling.

StreetBeat Disclaimer

Distributed by Viestly