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BOSTON, MA – EnerNOC, Inc., the leading provider
of full-service demand response and energy management solutions,
today announced the completion of its acquisition of Pinpoint Power's
demand response business. Pinpoint Power has been a major demand
response market participant in New England since 2002.
Under the terms of the agreement, EnerNOC will acquire the assets
of Pinpoint Power DR LLC, including nearly 50 MW's of demand response
capacity in Southwest Connecticut. With this addition, EnerNOC brings
its total demand response portfolio to more than 100 MW's under
management and adds high-profile companies including SBC, GE, IBM,
and Pitney Bowes to its list of direct customers.
"This acquisition is essential to our strategy of growing
EnerNOC's energy management solutions business model, significantly
strengthening our organizational capabilities and our scope of
customer offerings," said EnerNOC's CEO Tim Healy.
Pinpoint Power's President and Founder Thomas Atkins will
become Senior Vice President, Demand Response Development at
EnerNOC as part of the acquisition. Tim Healy remarked, "Tom is a
proven business leader and visionary and will be a great asset to
our company. His depth of market knowledge and experience is unmatched."
Mr. Atkins said, "Pinpoint has worked with EnerNOC for over
a year during which I have been continually impressed with their
outstanding team of people, dedication to customer satisfaction,
and passion for energy management. I look forward to joining the
team that is blazing the trail for demand response on a national basis."
About EnerNOC:
EnerNOC, Inc. is the leading provider of demand response,
price response, and demand side management solutions to the
commercial and industrial markets in the United States. EnerNOC
delivers immediate, profitable results to customers by leveraging
its deep experience in all aspects of energy management, commercial
contracting, and embedded systems technology. For more information
visit www.enernoc.com.
About Pinpoint Power:
Pinpoint Power DR is a developer of demand response projects in
the Northeast, and Pinpoint Power is a developer, owner and manager
of power generation assets, as well as demand response projects
through Pinpoint Power DR.
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