ENERNOC, INC.

ENERNOC, INC.

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Company Overview
EnerNOC, Inc. is an American-based private company that develops and provides demand response and energy management solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities in the United States. The company, with headquarters located in Boston, Massachusetts, was founded in 2001 as EnerNOC, LLC and changed its name to EnerNOC, Inc. in 2003.
EnerNOC is a leader in providing demand response, price response, and demand side management solutions to the commercial and industrial markets in the United States. The company’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. EnerNOC uses its Network Operations Center (NOC) to manage electricity consumption across a network of end-use customer sites and make electric capacity and energy available to grid operators and utilities on demand. It remotely monitors customers’ energy assets and has the capability to adjust their electrical use whether its dimming lights, adjusting the ac, or turning on emergency generators. As of February 2007, the company has more than 1,150 customer sites and 525 megawatts of electric capacity under management. EnerNOC’s customers include AT&T, General Electric, Adobe Systems, University of San Diego, Southern Connecticut State University, Albertsons, Pathmark, Suffolk County, NY, Partners Healthcare, Greenwich Hospital, North American Hoganas, Verso Paper, New Haven Public Schools and many more. EnerNOC is a member of Alliance for Clean Energy New York; Association of Energy Engineers, New England Chapter; Association of Energy Services Professionals; Building Commissioning Association; among others.
In February 2007, EnerNOC has completed its acquisition of the Connecticut-based, MDEnergy, LLC, an independent energy management company that specializes in reducing energy costs for commercial, institutional, and industrial businesses and organizations in restructured, deregulated markets.
Business Summary
EnerNOC, Inc. (EnerNOC) is a provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading support services. The Company’s customers are commercial, institutional and industrial end-users of energy, as well as electric power grid operators and utilities. As of December 31, 2009, the Company managed over 3,550 megawatts of demand response capacity across an end-use customer base of approximately 2,800 accounts and 6,500 customer sites throughout multiple electric power grids. In June 11, 2009, it acquired eQuilibrium Solutions Corporation (eQ), a software company specializing in the development of enterprise sustainability management products and services. On December 4, 2009, the Company acquired Cogent Energy, Inc. (Cogent). In March 2010, the Company acquired SmallFoot, LLC.
Description and history
EnerNOC, Inc. (EnerNOC), incorporated in June 5, 2003, is a provider of clean and intelligent energy solutions, which include demand response services, energy efficiency, or monitoring-based commissioning, services, energy procurement services and emissions tracking and trading support services. The Company’s customers are commercial, institutional and industrial end-users of energy, as well as electric power grid operators and utilities. As of December 31, 2009, the Company managed over 3,550 megawatts of demand response capacity across an end-use customer base of approximately 2,800 accounts and 6,500 customer sites throughout multiple electric power grids. In June 11, 2009, it acquired eQuilibrium Solutions Corporation (eQ), a software company specializing in the development of enterprise sustainability management products and services. On December 4, 2009, the Company acquired Cogent Energy, Inc. (Cogent). In March 2010, the Company acquired SmallFoot, LLC.

Demand Response Solutions

Demand response capacity provides an alternative to building conventional supply-side resources, such as natural gas-fired peaking power plants, to meet infrequent periods of peak demand. The devices that the Company installs at its commercial, institutional and industrial customer sites transmit to it through the Internet electrical consumption data on a 1-minute, 5-minute, 15-minute and hourly basis, which is referred to in the electric power industry as near real-time data. Its software applications analyze the data from individual sites and aggregate data for specific regions. When a demand response event occurs, the Company’s network operations center (NOC) automatically processes the notification coming from the grid operator or utility. Its NOC operators then begin activating procedures to curtail demand from the grid at its commercial, institutional and industrial customer sites.

The Company offers three demand response solutions to serve the needs of grid operators and utilities: reliability-based demand response; price-based demand response, and short-term reserve resources referred to in the electric power industry as ancillary services. The Company provides reliability-based demand response solutions to ISO New England, Inc. (ISO-NE), PJM Interconnection (PJM), the New York Independent System Operator (New York ISO), San Diego Gas and Electric Company (SDG&E), Southern California Edison Company, Electric Reliability Council of Texas (ERCOT) and Pacific Gas and Electric Company, among others. Its price-based demand response solutions enable commercial, institutional and industrial customers to monitor and respond to wholesale electricity market price signals when it is cost-effective for them to do so. This solution is called upon by grid operators and utilities during short-term contingency events, such as the loss of a transmission line or large power plant.

Energy Management Solutions

The Company offers technology-enabled energy management solutions to its commercial, institutional and industrial customers. These solutions include monitoring-based commissioning services, energy procurement services and emissions tracking and trading support services. The Company’s monitoring-based commissioning services are a technology-based energy analytics service designed to help optimize the way buildings operate, measure the impact of energy and environmental decisions, and enhance the comfort of occupants. It offers to its end-use commercial, institutional and industrial customers various services related to procuring and managing commodity supply contracts from competitive energy suppliers. The Company’s emissions tracking and trading support services include a software-based accounting system for its commercial, institutional and industrial customers to monitor, mitigate and monetize their greenhouse gas emissions in response to existing and pending greenhouse gas reporting requirements.

Founded as EnerNOC, LLC

Business Line
Develops and provides demand response and energy management solutions to commercial, institutional, and industrial customers, as well as electric power grid operators and utilities in the United States
Subsidiary
COGENT ENERGY, INC.
Advisor
ERNST & YOUNG LLP
IPO date
5/18/2007
US SIC Code
4911
Company Address
Suite 300
75, Federal Street
City province or state postal code
02110, BOSTON, MA
Phone: +1 617 224 9900
Fax: +1 617 224 9910
Country address: UNITED STATES OF AMERICA
Website url: www.enernoc.com