EnerNOC Inc. will provide automated demand response (AutoDR) capacity for Genesis Energy on New Zealand's South Island. This contract builds upon EnerNOC's success in the instantaneous reserves market on New Zealand's North Island and makes it the first DR aggregator to secure this reserve capacity in the South Island.
EnerNOC will immediately begin enrolling commercial, institutional and industrial energy users who can curtail usage with single-second precision in exchange for regular financial payments. EnerNOC's AutoDR resources will then be offered year-round to the instantaneous reserves market, which helps to maintain reliable, cost-effective and clean energy supply throughout New Zealand.
New Zealand has committed to making its electricity generation sources 90% renewable by 2025. Currently, the nation's electricity grid is served largely by hydropower, the vast majority of which flows northward from the South Island. The nation's instantaneous reserves market helps to maintain reliable import and export of electricity between the islands by regulating frequency.
For more information, visit www.enernoc.com.