EnerNOC, TVA expand energy program
EnerNOC, a Boston-based energy management company, said it is poised to enter the second, larger phase of a demand-response program with the Tennessee Valley Authority, the largest public power company in the United States.
About 18 months ago, EnerNOC and the TVA launched a demand-response program for 160 megawatts, or 160 MW, of TVA's capacity. Under a demand-response program, EnerNOC helps a utility to persuade its commercial, institutional, and industrial customers to reduce their electricity usage. If these customers achieve their energy reduction targets - something that EnerNOC can track with its monitoring system - those customers receive payments from EnerNOC.
After working with EnerNOC over the last year and a half, the TVA's board of directors has decided to give the OK to move ahead on the second phase of the TVA/EnerNOC Demand Response Program.
"The Phase II approval is for up to 560 MW of demand response capacity for an initial 10-year term, which will represent an expansion of 400 MW to TVA’s existing deployment of approximately 160 MW with EnerNOC," EnerNOC said in a press release. "EnerNOC and TVA currently expect to enter into a contract to formalize Phase II in the near future."
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