EnerNOC Named to Entrepreneur and PricewaterhouseCoopers' Hot 100 List of Fastest-Growing New Companies
By Jennifer Collins
June 11, 2006
EnerNOC, Inc. announced today that it has been named to the 12th Annual Hot 100 listing of the fastest-growing new companies in the United States, as compiled by Entrepreneur magazine and PricewaterhouseCoopers. EnerNOC is one of only three companies providing energy related services in this year's Hot 100.
EnerNOC helps utilities and grid operators achieve clean and low-cost peak electric capacity reduction through demand response solutions and technologies. Demand response is the reduction of electrical consumption at the end-use customer level in response to price or reliability signals. With its industry-leading technology, EnerNOC manages the demand response strategy, program participation, event execution, and data reconciliation for hundreds of commercial, industrial, and institutional clients to provide guaranteed “negawatt” reductions to its utility and grid operator customers. Further, EnerNOC's technology and professional expertise supplies end-use clients with better information to manage their energy use and realize significant cost and energy savings.
Founded in 2001, EnerNOC has increased revenues by over 100% each year since inception and has grown to over 75 employees. Tim Healy, EnerNOC CEO, said, “EnerNOC's success and exceptional revenue growth is attributable to the world-class team that we have assembled, and our unparalleled passion for developing and delivering innovative solutions to address supply and demand issues facing today's energy industry. The challenge of securing cost-effective, clean energy resources continues to drive the need for fresh ideas and innovative thinking in this space. The EnerNOC team is changing the traditional energy landscape,” Healy added.
Experts estimate that demand response resources have the potential to represent 5% of peak electrical demand in the U.S., or more than 40,000 MW's of capacity, and that demand-side energy management initiatives could reduce energy consumption by 25% or more.
For the complete story and listing, pick up a copy of the June 2006 issue of Entrepreneur magazine, or visit www.entrepreneur.com/hot100.
About EnerNOC, Inc.
EnerNOC, Inc. is a leading developer and provider of clean and intelligent energy solutions to utilities and electric power grid operators, as well as commercial, institutional, and industrial customers. EnerNOC’s technology-enabled demand response and energy management solutions help optimize the balance of electric supply and demand. The Company uses its Network Operations Center, or NOC, to remotely manage and reduce electricity consumption across a network of commercial, institutional, and industrial customer sites and make demand response capacity and energy available to utilities and grid operators on demand. For more information, visit www.enernoc.com.