Enel Expands Partnership With New York Luxury Residential Real Estate Group Glenwood to Include Demand Response Services

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BOSTON, May 16, 2018 (GLOBE NEWSWIRE) -- The Enel Group’s advanced energy services division Enel X, through its US subsidiary , has signed an agreement with Glenwood Management, one of New York City’s largest developers, owners and managers of luxury, residential rental properties. Under the terms of the contract Enel X will provide Glenwood with demand response services across a number of buildings in their NYC real estate portfolio, helping the real estate company to maximise financial returns, while also supporting the growth and effective management of the city’s electric grid.

The demand response services provided through the agreement, which will begin during the summer peak load season, will complement Glenwood’s existing distributed energy resource (DER) portfolio, which includes 6.3 MWh of battery storage technologies and 2 MW of solar-plus-storage installations across its real estate portfolio.  

“,” said , Head of Enel X in North America.

Demand response programmes pay large energy consumers, such as manufacturing facilities, data centres, and commercial real estate companies, to adjust their power consumption, upon input from the transmission or distribution operator anticipating a need for additional electric supply, with the aim to stabilise the grid. Demand response can provide greater grid flexibility, stability, and more efficient use of power infrastructure, with a view to help maintain electricity prices as low as possible for all consumers.

In New York City, EnerNOC manages demand response for more than 200 commercial and industrial customers who, like Glenwood, participate in the Smart Usage Rewards programme created by the local utility, Consolidated Edison, which provides financial incentives in exchange for customers temporarily reducing their energy use during peak hours in the summer. By reducing energy use across its portfolio of buildings when called upon to do so by the local grid operator, Glenwood is able to contribute significant reliability benefits to the overall grid.

For over five years, Glenwood has partnered with Enel X subsidiaries, on storage-based solutions at a number of its residential properties. All of the systems are controlled by EnerNOC’s Distributed Energy Network Optimization System (DEN.OS), which aggregates and aims to optimise the performance as well as the financial returns of behind-the-meter storage systems.

The first distributed energy resource project at a Glenwood building was installed in 2012, when Glenwood added its first battery storage system controlled by DEN.OS at its Barclay Tower property. Since then, the company has been working closely with EnerNOC on an ongoing rollout of storage and solar-plus-storage systems across additional buildings for distributed grid support and increased savings opportunities. During 2018, 450 kW/1.3 MWh of battery storage systems will be installed in three more Glenwood properties. These additions will create a total portfolio comprised of 2 MW of solar-plus-storage distributed energy resource with 6.3 MWh of battery storage, and the combined demand response portfolio will amount to approximately 3.5 MW.

“said , Vice President of Management, Glenwood Management..”

In the US Enel X operates through EnerNOC, serving more than 3,600 customers and nearly 11,000 sites.

EnerNOC, an Enel Group Company, partners with enterprises to reduce costs, manage risks, increase sustainability, and maximise the value of emerging energy technologies through customised energy management strategies. EnerNOC is the global leader in demand-side flexibility services, providing large energy users access to more demand response and demand management programmes worldwide than any other provider. In addition to its flexibility solutions, EnerNOC’s technology-enabled advisory solutions help large energy users create value through strategic energy procurement, energy management, and other advanced services such as utility bill management software.

Enel X is a new Enel global business line dedicated to developing innovative products and digital solutions in sectors in which energy is showing the greatest potential for transformation: cities, homes, industries and electric mobility.

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Globe Newswire: 17:00 GMT Wednesday 16th May 2018

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