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ENOC Enernoc, Inc. (MM)

7.65
0.00 (0.00%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Enernoc, Inc. (MM) NASDAQ:ENOC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.65 7.65 7.70 0 00:00:00

EnerNOC Enters Frequency Control Market in Australia

28/11/2017 9:30pm

GlobeNewswire Inc.


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EnerNOC, Inc., an Enel Group Company, has begun providing Australia’s National Electricity Market (NEM) with Frequency Control Ancillary Services (FCAS), which help to support power system security and ensure uninterrupted power for all consumers during unexpected events that affect the flow of energy. EnerNOC's aggregated demand response resource is currently providing up to 70 MW of FCAS to support system security, marking the first time that distributed demand-side resources have provided grid balancing ancillary services in Australia’s National Electricity Market.  

“We are thrilled to be a part of the NEM's ongoing transition to a system based on distributed energy resources in Australia,” said Jeff Renaud, Vice President and Managing Director, Asia Pacific at EnerNOC. “Historically, grid balancing ancillary services have been provided by conventional generators, but demand response is a large “ready to use” resource that can supply these services faster, cheaper, and with fewer emissions than traditional generators can. Some options offered by EnerNOC can restore the balance between supply and demand on the grid in less than 100 milliseconds. As large, centralised thermal plants are progressively being displaced by renewables and distributed energy, there is a greater need for solutions like EnerNOC’s, addressing issues impacting the regular energy flows on the grid very quickly.”

'Contingency FCAS' can help the power system remain stable and rebalance the grid when the regular flow of energy on the grid is disturbed. EnerNOC's distributed network of devices instantaneously detects imbalances on the grid and then safely and automatically decreases customer loads, typically in less than one second. Demand-side customers participating in EnerNOC's service include facilities from multiple industries, such as cold storage, manufacturing, and forest products.

About EnerNOC, an Enel Group CompanyEnerNOC, an Enel Group Company, is a leading provider of demand response, energy advisory and procurement, and energy intelligence software and services. EnerNOC offers access to more demand response programs worldwide than any other provider, offering enterprises a valuable payment stream to further enhance bottom line results and utilities and grid operators a reliable, cost-effective demand-side resource.

With capabilities to better address budgets and procurement, utility bill management, facility analysis and optimization, sustainability and reporting, project tracking, and demand management, EnerNOC's SaaS platform also helps enterprises control energy costs, mitigate risk, and streamline compliance and sustainability reporting. For more information, visit www.enernoc.com and follow @EnerNOC on Twitter.

Enel is a multinational power company and a leading integrated player in the global, power, gas and renewables markets. It is Europe’s largest utility in terms of market capitalisation and figures among Europe’s leading power companies in terms of installed capacity and reported EBITDA. The Group is present in over 30 countries worldwide, producing energy with more than 86 GW of managed capacity.

Enel distributes electricity and gas through a network of over 2 million kilometres, and with over 65 million business and household customers globally, the Group has the largest customer base among European competitors. Enel’s renewables arm Enel Green Power already manages around 40 GW of wind, solar, geothermal, biomass and hydropower plants in Europe, the Americas, Africa, Asia and has recently arrived in Australia.

EnerNOC Media Relations: Sarah McAuley+1 617.532.8195news@enernoc.com

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