EnerNOC Signs 50 Megawatt Contract with Salt River Project

BOSTON--(BUSINESS WIRE)--EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions, announced today 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.

“This is a great opportunity for businesses and organizations throughout SRP’s service territory to earn money by helping to make the power grid more efficient, which is particularly attractive during challenging economic times”

“We selected EnerNOC as our commercial/industrial demand response provider for a variety of reasons, including its extensive experience working with utilities, its strong track record in ensuring customer satisfaction, and the technology it has created to make demand response easy for participating customers and reliable for us,” said Debbie Kimberly, Manager – Energy Efficiency & Policy Analysis at SRP.

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.

“Meeting future energy needs, while keeping our rates affordable and our customers satisfied are our top priorities, and demand response is a clean and powerful tool to help us meet those goals,” continued Kimberly.

“This is a great opportunity for businesses and organizations throughout SRP’s service territory to earn money by helping to make the power grid more efficient, which is particularly attractive during challenging economic times,” said EnerNOC Chairman and CEO, Tim Healy. “In addition, for SRP, demand response is a cost-effective alternative to relying on natural gas fired peaking power plants or buying electricity from third-party merchant suppliers, while ensuring high levels of system reliability and performance.”

SRP’s Board of Directors, which is publicly elected and has regulatory authority, has authorized the contract.

EnerNOC offers its demand response and energy efficiency programs throughout the United States in open markets such as New England, New York, PJM Interconnection, Texas, and California, as well as under bilateral agreements with utilities such as the Tennessee Valley Authority, Tampa Electric Company, and Public Service Company of New Mexico. EnerNOC’s patented automated demand response solutions help members of its network maximize demand reductions, associated energy savings and revenue opportunities.

If you would like more information about enrolling your business or organization into EnerNOC’s demand response network, email info@enernoc.com or visit www.enernoc.com/customers/get-started.php.

About Salt River Project

Salt River Project, the largest provider of power to the greater Phoenix metropolitan area, serves about 930,000 electricity customers and is the nation’s third largest public power utility provider. For more information visit www.srpnet.com.

About EnerNOC

EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. EnerNOC's technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to grid operators and utilities on demand. 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 the future success of EnerNOC’s demand response and energy management solutions and the ability of EnerNOC’s utility customers to derive cost-effective benefits from such solutions, 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 Quarterly Report on Form 10-Q for the period ended September 30, 2008, as filed with the Securities and Exchange Commission on November 13, 2008, 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.