General Mills Joins EnerNOC’s Demand Response Network
General Mills’ West Chicago Facility Earns Revenue and Makes Power Grid More Efficient through Partnership with EnerNOC
BOSTON--(BUSINESS WIRE)--EnerNOC, Inc. (NASDAQ: ENOC), a leading developer and provider of clean and intelligent energy solutions, today announced that General Mills (NYSE: GIS), a leading global manufacturer and marketer of consumer food products, including such brands as Cheerios, Yoplait, Betty Crocker and Häagen-Dazs, has added its West Chicago facility to EnerNOC’s demand response network.
“We value our position as a good corporate citizen and feel that demand response is something that’s good for our business, our community and the nation at large”
As part of its ongoing sustainability efforts and practices, General Mills has agreed to work with EnerNOC to help prevent brownouts and blackouts in the West Chicago area by reducing demand on the electricity grid by as much as five megawatts – the equivalent of roughly 2,500 households – when called upon by EnerNOC. In exchange, EnerNOC rewards General Mills with periodic payments.
“We value our position as a good corporate citizen and feel that demand response is something that’s good for our business, our community and the nation at large,” said Jim DeLaPena, General Mills. “EnerNOC has been a great partner, working with us every step of the way to make participation easy, with no out-of-pocket expenses.”
“Energy conservation at the community-level, whether by individuals, small businesses, or large organizations like General Mills, can powerfully impact how electricity is managed and used. Demand response is an opportunity for businesses to do something that is positive for the environment and actually generates money for them, without the need to lay out capital,” said Tim Healy, chairman and CEO of EnerNOC. “We’re proud that General Mills, a company with a strong reputation for its sustainability practices, has selected EnerNOC as its preferred partner for demand response and we look forward to working with them to find additional energy savings opportunities.”
About General Mills
General Mills, with annual net sales of $13.4 billion, is a leading global manufacturer and marketer of consumer foods products based in Minneapolis. General Mills' mission is Nourishing Lives – innovating to make lives healthier, easier, and richer – while Nourishing Communities and Nourishing the Future. Its global brand portfolio includes Cheerios, Betty Crocker, Pillsbury, Green Giant, Häagen-Dazs, Nature Valley, Old El Paso and more. With more than 100 consumer brands and operations in more than 100 countries, General Mills is also a leading supplier of baking and other food products to the foodservice and commercial baking industries.
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.
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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 customers to derive financial 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.