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Welcome
to EnerNOC-On Demand, our new bi-monthly newsletter.
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Upcoming
Events |
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March
16, 2005
EnerNOC to participate in the New York Energy Consumers
Council's seminar, Voluntary Demand Curtailments:
Options, Benefits, and Caveats.
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March 23, 2005
EnerNOC will present at the Cleantech Venture
Forum VI in San Francisco
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Staffing Update |
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Core Team Hits the Ground Running
in 2005
When the fourth quarter of 2004 closed, it was
evident to CEO Tim Healy that the team EnerNOC
set out to assemble in 2004 had finally come together.
"EnerNOC is very selective when bringing
in new talent. As in all of our business endeavors,
we do not settle for second best. The highly capable
and competitive team we have right now is the
core around which we will build - it gives us
the right formula for achieving great success
in the future," said Tim.
EnerNOC's latest hiring drive added team members
across several functional areas, including software
engineering, operations, marketing, and sales/business
development.
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EnerNOC's Formula for Exceeding Customer
Expectations
Written by Tim Healy, CEO
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A few years ago, the challenge for EnerNOC was
finding the answers to two questions. First, how
do we make things simple for customers in the
electricity market, one of the most complicated,
dynamic markets in the world? Second, how do we
exceed customer expectations where others have
tried and few have excelled?
During the past several years, EnerNOC has installed
its energy management system at hundreds of customer
sites and has dozens of marquee customers, whose
early feedback suggests that we are getting the
answers right to those first two questions.
Now, the challenge for EnerNOC is managing the
backlog of customer interest in our company's
technology, managed services, and ideas for the
future. It is gratifying to experience this positive
response from customers in the market. It also
is important for us to understand what it is we
are doing to get this response, so that EnerNOC
continues to exceed our customers' expectations
in the future.
#1: We are providing immediate financial gains
for our customers. Our customers receive financial
benefits for helping the grid avert outages by
providing utilities and system operators with
inexpensive, reliable, quick response electrical
capacity that might otherwise not be available.
#2: We are making customer participation simple.
We educate customers about market opportunities,
enabling technologies, and appropriate risk management.
We provide accurate estimates of reimbursements,
payments, and forecasted electricity savings.
We manage the complicated pieces of demand response
participation so that our customers can concentrate
on their core business activities. We provide
a state-of-the-art automated response system to
manage demand response events for them and our
utility customers. We provide timely feedback,
in real-time, to enhance our customers' participation
levels, increase their ROI's, and increase the
reliability of the resources that we provide to
the market.
#3: We are providing our customers the platform
for becoming better energy consumers. Commercial
entities that are progressive in how they manage
their use of electricity create a distinct competitive
advantage in their markets. Lower energy bills
mean lower cost of goods sold or cost of services
delivered and greater profit margins; profit that
can be used to outpace the competition. It is
hardly surprising to us to see so many of today's
best managed companies on our customer roster.
#4: We are making markets more efficient.
When power is scarce at peak periods or due
to unforeseen contingencies, EnerNOC's customers
that reduce their electricity consumption reap
a significant portion of the system benefits they
create. Their participation in real-time demand
response initiatives is an important first step
in building the foundation of tomorrow's electricity
markets. These markets will continue to behave
like other markets in which customers can react
to prices, innovate to reduce expenses, and optimize
their operations to achieve efficiencies. More
efficient markets lower the cost of electricity
- as well as the cost of all goods sold - for
everyone.
EnerNOC is guided by a simple principle: "Our
customers keep us employed. Stay focused on their
needs and always exceed their expectations."
As we embark on a new year with ambitious aspirations
for continued growth and innovation, one thing
will remain constant: our commitment to exceed
our customers' expectations will never waver.
About
Tim Healy
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Customer Spotlight:
Pathmark Becomes EnerNOC Enabled, Looks to Expand its
DR Portfolio
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In April 2004, we reported that Pathmark Stores, Inc. entered
into an agreement with EnerNOC to provide energy data and
demand response services to multiple locations throughout
the New York City area. By August, twenty-three New York City
stores were enabled and enrolled in the NYISO Installed Capacity/Special
Case Resource (ICAP/SCR) Program, with seven more stores in
Westchester, Rockland, and Orange counties equipped and ready
for 2005 enrollment.
Enabling the thirty sites for both load curtailment and emergency
generator response in a cost-effective and timely manner required
an in-depth examination of connectivity options due to the
existing infrastructure and asset layout at individual Pathmark
locations. The solution was for EnerNOC to employ Pathmark's
wireless network and existing electrical wiring, thereby allowing
our Network Operations Center (NOC) to communicate seamlessly
with each facility's assets.
When the NYISO notifies EnerNOC of a demand response event,
the NOC automatically and remotely reduces the amount of load
Pathmark takes from the grid by starting on-site generators,
switching load from the grid to the generator, and shutting
off non-critical lighting load. EnerNOC also provides many
ancillary services for the retailer made possible by continuous
monitoring of its assets.
Due to the ongoing success of this demand response initiative,
Pathmark intends to broaden its relationship with EnerNOC
to enable an additional 19 stores for NYISO ICAP/SCR enrollment
in 2005.
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EnerNOC Secures Additional Round of Funding; Foundation
Capital's Adam Grosser Joins Board of Directors
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EnerNOC announced that it has secured over $7.75 million
in Series B funding. Foundation Capital led the round, with
first-round investors Draper Fisher Jurvetson, Braemar Energy
Ventures, and DFJ New England also participating. Over $10
million has been invested to date.
The capital will be used to extend EnerNOC's market leadership,
support continued product and technology development, and
recruit additional talent to the team.
"EnerNOC has established an impressive track record
of performance in revenue growth, customer service, and technology
development. The company is well-positioned to capitalize
on demand response market opportunities," commented Adam
Grosser, General Partner of Foundation Capital. "We're
excited to be part of building the industry leader,"
added Adam. Mr. Grosser will also join EnerNOC's Board of
Directors.
Read
the entire release
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Connectivity Arsenal Strengthened by Wireless Solution
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Reliable communication is a vital component of effective
demand response, price response, and demand side management
solutions. Typically, EnerNOC utilizes the customer's local
area connection (LAN), DSL service, or dedicated phone line
to achieve communication between the customer's assets and
EnerNOC's Network Operations Center (NOC).
However, when these options are unavailable or not readily
accessible, EnerNOC's wireless solution fills the technological
gap. An easily transportable, wireless wide area network (WAN)
router (see photo at left) uses a cellular connection to link
to the Internet to attain essential connectivity.
This wireless option reduces the installation time required
to enable a customer's facility to communicate with EnerNOC
servers, and in many instances may also cut overall deployment
costs.
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