MELBOURNE, AUSTRALIA and BOSTON, MA--(Marketwire - Jun 26, 2012) - EnerNOC, Inc. (NASDAQ: ENOC), a leading provider of energy management applications for commercial, institutional, and industrial energy users, announced today that MMG Golden Grove has joined EnerNOC's demand side management network in Western Australia (WA). MMG will leverage EnerNOC's DemandSMART™ application to participate in demand response and support reductions in energy consumption at its underground and open pit base and precious metals mine, located approximately 280 kilometres east of Geraldton, WA.
MMG Golden Grove operates 24/7, year-round, and produces concentrates of zinc, copper and high precious metals that are exported to smelters in China, Korea, Japan, India, and Thailand. MMG will reduce its power consumption by as much as 15 megawatts (MW) when EnerNOC's network is dispatched by System Management, the entity that is responsible for managing the real-time operation of the regional power system. In return for this service, which supports safe, secure and reliable operation of the power system, MMG will earn substantial payments to help offset operational costs, including electricity usage. In addition, EnerNOC will work with MMG to incorporate demand side management into the mine's strategic energy management plan, with the goal of contributing to the company's ongoing energy performance targets.
"MMG is committed to proactively managing our energy use, and EnerNOC's energy management software will enable us to strategically monitor our usage and help us meet our energy performance targets, while helping to support the reliability of our region's electric power grid," said Pierre Malan, MMG Golden Grove's General Manager.
EnerNOC's DemandSMART software will provide MMG real-time visibility into its energy usage patterns and sources of energy consumption at the Golden Grove mine. This data will enable Golden Grove staff to optimise participation in demand side management dispatches and identify cost-saving opportunities through efficiency measures.
"Demand side management can represent a significant economic opportunity, without any up-front costs. For many businesses, that's a tough offer to turn down," said Jeff Renaud, EnerNOC's Director of Australia and New Zealand. "MMG recognised that it can help the community and the grid while earning a new stream of payments for better energy management practices."
EnerNOC provides demand side management and other energy management services for industrial and commercial energy users in Australia, New Zealand, Canada, the United Kingdom, and the United States. For more information about DemandSMART™ and EnerNOC's full suite of energy management applications, please visit www.enernoc.com/solutions.
About MMG and Minmetals Resources Limited
Minmetals Resources Limited (MMR) is a mid-tier global resources company that mines, explores and develops base metal projects in Australia, and around the world. The company is headquartered in Melbourne, Australia and listed on the Hong Kong Stock Exchange under Stock Code: 1208. MMR owns the MMG group of companies and their operations after acquiring them on 31 December 2010.
MMR is uniquely positioned with an experienced international management team, public ownership on the Hong Kong stock exchange (28.28%) and support of its ultimate controlling shareholder China Minmetals Corporation (71.72%).
EnerNOC unlocks the full value of energy management for our utility and commercial, institutional, and industrial (C&I) customers by reducing real-time demand for electricity, increasing energy efficiency, improving energy supply transparency in competitive markets, and mitigating emissions. We accomplish this by delivering world-class energy management applications including DemandSMART™ for comprehensive demand response; EfficiencySMART™ for continuous energy savings; SupplySMART™ for energy price and risk management; and CarbonSMART™ for enterprise carbon management. Our Network Operations Center (NOC) continuously supports these applications across thousands of C&I customer sites throughout the world. Working with more than 100 utilities and grid operators globally, we deliver energy, ancillary services, and carbon mitigation resources that provide cost-effective alternatives to investments in traditional power generation, transmission, and distribution. 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 growth and success of the Company's energy management applications and services, and the ability of customers to derive benefits from those applications and services, 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 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, 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.