EnerNOC (ENOC) Japan Receives New Demand Response Contract

August 22, 2016 6:28 AM EDT

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EnerNOC, Inc. (Nasdaq: ENOC) announced that EnerNOC Japan has been awarded a new demand response (DR) contract this summer for a project sponsored by the Institute of Applied Energy (IAE). Since 2013, EnerNOC Japan has participated in several government-sponsored DR projects and government-administrated working groups to help the government of Japan create and design the DR market in the country.

This latest project is designed as a proof-of-concept for demand response to act as a balancing reserve between Japan’s major Transmission, Distribution, and System Operators (TDSOs). Along with emergency demand response resources, which are designed to thwart blackouts and brownouts due to unexpected high demand or a sudden decrease in supply, the project demonstrates demand response as a balancing resource that corrects for smaller, shorter-term imbalances between supply and demand.

"This new project is another step forward in the unprecedented electricity market reform occurring in Japan, and it will help cement the importance of demand-side management not only in Japan, but across the globe as well," said David Brewster, President and co-founder of EnerNOC.

EnerNOC is managing new Negawatt portfolios in Japan this summer, seeking to repeat its performance in last year’s project as the provider of the largest and most reliable demand response capacity.

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