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Bridesburg began working with EnerNOC in 2008. Prior to that, Bridesburg was enrolled in a demand response program, but was unhappy with the results. "[The other provider] didn't deliver what they were promising us," recalled Tom Druckenmiller, Plant Manager for Bridesburg. "They charged us for monitoring equipment, and the payments we received were minimal. We were skeptical [about joining another DR program, but] the EnerNOC people were very reliable and resourceful right from the start. They clearly knew the business and the ins and outs of demand response, as well as energy procurement, so we knew we had the expertise we needed." Although Bridesburg receives significant payments for their participation, the financial upside is only one of the benefits. Bridesburg executives cite the fact that the DR payments came without a lot of investment of the company's time as one of the primary benefits of working with EnerNOC. "EnerNOC DR is really almost too good to be true," said Vince Rivetti, President of Bridesburg. "They made the whole process really easy. And in the end, we earn significant annual payments - far beyond what we were earning with our previous demand response provider." In addition to the financial benefits, Bridesburg leverages its free basic access to PowerTrak(R), EnerNOC's energy management software, to help better manage its energy consumption at the foundry. "In the beginning, PowerTrak helped us identify which furnaces were using the most power, and to get a clear picture of where our energy was being used," said Druckenmiller. With a successful demand response partnership underway and electricity rate caps scheduled to expire on December 31, 2009, Bridesburg turned to EnerNOC to provide strategic advice that would enable the company to secure favorable energy procurement contracts that align to their risk tolerance and achieve significant savings through competitive supply contracts. "EnerNOC came to us with a proposal that lets us pay 30 percent less than what we were paying," explained Rivetti - savings that totaled approximately $40,000 in the first six months. "They talked to us about our business and our goals. They looked at our current bills. And they came back with a proposal that matched our needs and saved us a lot of money." To read more about Bridesburg Foundry's deployment of EnerNOC services, download the full case study at http://www.enernoc.com/resources/. For information about your organization can benefit from EnerNOC's energy management solutions, please visit http://www.enernoc.com/solutions/ or email info@enernoc.com. About EnerNOC EnerNOC, Inc. is a leading provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning services, energy procurement services, and emissions tracking and trading services. These solutions help optimize the balance of electric supply and demand, provide cost-efficient alternatives to traditional power generation, transmission, and distribution resources, and drive significant cost-savings for its customers. The Company uses its Network Operations Center, or NOC, and PowerTrak(R) enterprise software platform to remotely manage and reduce electricity consumption across a growing network of commercial, institutional, and industrial customer sites, making demand response capacity available to grid operators and utilities on demand while helping end-users of electricity achieve energy savings, environmental benefits, and improved financial results. For more information visit www.enernoc.com. The EnerNOC, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5804 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 demand response and energy management solutions and the ability of EnerNOC's customers to derive 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 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. This news release was distributed by GlobeNewswire, www.globenewswire.com SOURCE: EnerNOC, Inc. CONTACT: EnerNOC, Inc. Media Relations: Sarah McAuley (617) 532.8195 news@enernoc.com Investor Relations: Will Lyons (617) 532.8104 ir@enernoc.com For full details on Enernoc Inc (ENOC) click here. Enernoc Inc (ENOC) has Short Term PowerRatings of 4. Details on Enernoc Inc (ENOC) Short Term PowerRatings is available at This Link.
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