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BOSTON, MA – 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:
EnerNOC, Inc. is the leading provider of technology-enabled demand
response, price response, and demand side management solutions to the
commercial, institutional, and industrial markets in the United States
with more than 1,000 MW's of electrical capacity under management,
including more than 300 MW's of proven demand response resources. EnerNOC
delivers immediate, profitable results to customers by leveraging its deep
experience in all aspects of energy management, embedded systems technology,
and progressive business practices. For more information, visit
www.enernoc.com.
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