EnerNOC gets California contract

March 2, 2007 11:50 AM E-mail| |Comments ()| Text size +

EnerNOC Inc. said today it has entered a contract to help Pacific Gas and Electric Co. reduce electricity demand for much of Northern and Central California during peak-demand periods.

The contract is for five years; financial terms of the agreement were not disclosed.

EnerNOC, which is based in Boston, uses technology to automate the demand-response process for electricity utilities by signing up commercial and industrial consumers of electricity.

During a peak demand period, such as a hot summer day when air-conditioners are going full blast, EnerNOC uses its technology to remotely curtail the electricity consumption of a large network of companies that have signed up for the program, lowering overall peak demand and lessening the likelihood of rolling blackouts across the region.

The agreement between EnerNOC and Pacific Gas and Electric, which is owned by PG&E Corp. of San Francisco, is subject to approval by the California Public Utility Commission, the company said.

Last month, EnerNOC said that it filed a registration statement relating to a proposed initial public stock offering.
(By Chris Reidy, Globe staff)

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