Boston, MA, Jan. 6, 2009 — EnerNOC Inc., a developer and provider of clean and intelligent energy solutions, announced that it has been selected by Phoenix-based Salt River Project (SRP) to provide up to 50 megawatts of demand response capacity under a three-year contract.
The contract contains an option to extend, at SRP’s discretion, the initial three-year term for an additional three-year period or longer. EnerNOC’s demand response network will help SRP address demand for electricity in its service territory in a clean, scalable, and cost-effective manner, beginning in the summer of 2009.
Under this contract with SRP, EnerNOC will manage a network of commercial, institutional, and industrial facilities that agree to reduce electricity usage during peak periods for up to 60 hours a year in exchange for year-round payments. EnerNOC installs its technology — free of charge — at each participating site, and when SRP calls a demand response event, EnerNOC automatically communicates with each site to temporarily reduce non-essential energy usage and collects real-time data to verify that each site is achieving its energy reduction goals. EnerNOC’s automated demand response solutions have the ability to enable response to SRP’s calls for load reductions within ten minutes.
SRP’s board of directors has authorized the contract.
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