EnerNOC, Inc. the world’s largest provider of demand response software and services, announced that Kolon Industries has selected EnerNOC as its trusted demand response provider. (image credit: EnerNOC)
SEOUL, South Korea, Oct. 20 (Korea Bizwire) – EnerNOC, Inc. (Nasdaq:ENOC), the world’s largest provider of demand response software and services, announced today that Kolon Industries has selected EnerNOC as its trusted demand response provider. EnerNOC, which supports demand response programs throughout Asia, Europe, and North America and is an official KPX curtailment service provider, will use its patented technology to help Kolon maximize its demand response participation, while providing relief to the grid during system emergencies.
“We’re excited to be growing our network of demand response participants in Korea, and honored that Kolon Industries has chosen EnerNOC to manage its participation in the KPX program,” said Jeff Renaud, Senior Director, Market Development at EnerNOC. “By enrolling in demand response with EnerNOC, Kolon is doing its part to help maintain reliable, affordable electricity throughout the region.”
In exchange for its participation, Kolon will receive payments year round, simply for agreeing to be on standby if and when they are needed. If demand response resources are dispatched, Kolon will receive additional payments based on how many megawatts of demand it reduces during the duration of an event.
For Kolon, business operations will continue uninterrupted as critical load will switch to back up generators and all unnecessary usage will be curtailed.
For more information about enrolling in KPX’s demand response program, please visit www.enernoc.co.kr or contact 3452 1840 02 or email info.korea@enernoc.com.
About EnerNOC
EnerNOC is a leading provider of cloud-based energy intelligence software (EIS) and services to thousands of enterprise customers and utilities globally. EnerNOC’s EIS solutions for enterprise customers improve energy productivity by optimizing how they buy, how much they use, and when they use energy. EIS for enterprise includes supply management, utility bill management, facility optimization, visibility and reporting, project management, demand management, and demand response. EnerNOC’s EIS solutions for utilities help maximize the value of demand-side resources, including fully outsourced and utility-managed demand response and energy efficiency programs that drive customer engagement. EnerNOC supports customer success with its world-class professional services team and a Network Operations Center (NOC) staffed 24x7x365. For more information, visit www.enernoc.co.kr.
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risks, uncertainties and factors referred to under the section “Risk Factors” in EnerNOC’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, 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, the Company’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.
CONTACT: EnerNOC Contact:
Joonki Song
jsong@enernoc.com
Source: EnerNOC via Globe Newswire
