Demand response co. EnerNoc lands $100M contract
EnerNoc (ENOC.O), one of the growing number of companies focused on demand response — the management and redistribution of power based on real-time changes in demand — has landed a contract with PJM Interconnection, an electricity transmission company in the mid-Atlantic region, to manage 1,000 megawatts worth upwards of $100 million.
The year-long contact, 2012 to 2013, will give EnerNoc an unprecedented boost, providing roughly the same sum that came from all of its contracts combined… Continue Reading