Enel X

Enel X, formerly EnerNOC, is the largest provider of demand response worldwide.[3] In August 2017, EnerNOC was acquired by the Enel Group.[4]

Enel X
FormerlyEnerNOC
Industry
  • Demand response
  • Energy as a service
  • Energy management software
Founded5 June 2003 (2003-06-05)
FounderTimothy Gregg Healy, David Benjamin Brewster
Headquarters,
Area served
Worldwide
Key people
Francesco Venturini, CEO[1]
Products
Revenue US$472 Million (2014)[2]
Number of employees
1,300+ (2014)[2]
ParentEnel
Websitewww.enelx.com/n-a

History

Enel X was first established by Timothy G. Healy and David Brewster, as EnerNOC, LLC in New Hampshire from December 2001 until June 2003. On 5 June 2003 EnerNOC was incorporated in Delaware. EnerNOC went public in 2007 on the NASDAQ stock exchange, raising US$98 million.[5][6]

EnerNOC owned numerous subsidiaries around the world. In 2009, EnerNOC bought Cogent Energy and acquired eQuilibrium Solutions.[7] In March, 2010, EnerNOC bought SmallFoot, LLC, a company that makes wireless systems to manage demand for smaller facilities.[8] In late 2010 and early 2011, respectively, EnerNOC announced agreements to acquire Global Energy Partners and M2M Communications.[9]

Since early 2014, EnerNOC 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.

In August 2017, Enel Green Power North America acquired EnerNOC for over $300 million.[4][10] In January 2018, EnerNOC integrated Demand Energy, the provider of the DEN.OS platform for optimizing energy storage and on-site power generation for demand-side management and microgrid deployments, which had been acquired by the Enel Group in January 2017.[11]

Notable work

In the summer of 2010, EnerNOC contracted with the Tennessee Valley Authority, the nation's largest public power company, for a 10-year, 560 megawatt demand response contract that represented an addition of 400 MW to TVA's existing deployment of approximately 160 MW with Enel X.[12] Enel X has also performed work for the United States Department of Energy.[13]

References

  1. "Enel 2018".
  2. "EnerNoc annual report for FY (2014)" (PDF).
  3. "Top Demand Response Providers Ranked by Navigant". Energy Manager Today. Retrieved 19 January 2018.
  4. "Enel Group Completes Acquisition of Leading Us-based Provider of Smart Energy Management Services Enernoc". EnerNOC. 7 August 2017. Retrieved 19 January 2018.
  5. "Market Watch (EnerNOC IPO poers up 20%)". Archived from the original on 16 February 2013. Retrieved 26 June 2012.
  6. "GreenBiz (EnerNOC)". Retrieved 26 June 2012.
  7. Tweed, Katharine. "The Top Five Players in Demand Response". Greentech Media. Retrieved 27 August 2010.
  8. Associated Press (24 March 2010). "EnerNOC buys SmallFoot to expand customer base". BusinessWeek. Archived from the original on 25 October 2012. Retrieved 27 August 2010.
  9. "Archived copy". Archived from the original on 1 October 2011. Retrieved 8 July 2011.CS1 maint: archived copy as title (link)
  10. EnerNOC (22 June 2017). "EnerNOC Enters into an Agreement to be Acquired by the Enel Group for over $300M". GlobeNewswire News Room. Retrieved 2 April 2019.
  11. "ENEL ACQUIRES US-BASED ENERGY STORAGE SOFTWARE AND PROJECT DEVELOPER DEMAND ENERGY". Retrieved 19 January 2018.
  12. "EnerNOC, TVA expand energy program". The Boston Globe. 15 June 2010.
  13. Ricketts, Camille (12 April 2010). "Massachusetts picks EnerNOC to crack down on energy use". VentureBeat. Archived from the original on 15 April 2010. Retrieved 27 August 2010.
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