EnerNOC
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| Public | |
| Traded as | (NASDAQ: ENOC) |
| Industry | Energy management |
| Predecessor | EnerNOC, LLC |
| Founded | June 5, 2003 |
| Founder | Timothy Gregg Healy, David Benjamin Brewster |
| Headquarters | Boston, Massachusetts, United States |
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Area served
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Worldwide |
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Key people
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Tim Healy, CEO and Chairman David Brewster, President William Sorensen, Chief Financial Officer |
| Products | demand response, enterprise energy intelligence software, energy procurement, distributed energy resources, project tracking, utility bill management |
| Revenue |
 US$472 Million (2014)
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Number of employees
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1,300+ (2014) |
| Subsidiaries | List of Subsidiaries |
| Website | www.enernoc.com |
EnerNOC is among the largest providers of energy intelligence software and services for commercial, institutional, and industrial customers, as well as electric power grid operators and utilities. It chiefly provides energy intelligence software and services.
EnerNOC was first established by Timothy G. Healy and David Brewster, as EnerNOC, LLC in New Hampshire from December 2001 until June 2003. On June 5, 2003 EnerNOC was incorporated in Delaware. Today their corporate headquarters is at One Marina Park Drive, Suite 400, Boston, Massachusetts 02210.
EnerNOC went public in 2007 on the NASDAQ at US$26 per share followed by a rally to US$50 per share in spite of reporting two consecutive annual losses. EnerNOC provided the strongest IPO by percentage increase in the green energy sector for the year. The offering included 3.75 million shares. US$98 million was raised with underwriters Credit Suisse and Morgan Stanley.
EnerNOC owns numerous subsidiaries around the world. In 2009, EnerNOC bought Cogent Energy and acquired eQuilibrium Solutions, which provides carbon accounting solutions. In March, 2010, EnerNOC bought SmallFoot, LLC, a company that makes wireless systems to manage demand for smaller facilities. Tim Healy, CEO of EnerNOC, said of the acquisition, "Going deeper into this underserved market represents a large growth opportunity for our company. SmallFoot gives us additional technology to unlock all forms of demand response and deploy our full suite of applications in this exciting market."
In late 2010 and early 2011, respectively, EnerNOC announced agreements to acquire Global Energy Partners and M2M Communications. Global Energy Partners is "an industry leader in designing and implementing utility energy efficiency and demand response programs." M2M Communications specializes in wireless technology solutions for energy management and demand response.
Since early 2014, EnerNOC has acquired five additional companies: Activation Energy, an Irish provider of demand response; Entelios, a German demand response provider; EnTech, a global utility bill management software provider; Pulse Energy, a Vancouver-based provider of utility customer engagement software; and World Energy, an energy procurement software company.
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