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BOSTON, MA – The World Economic Forum today announced 47 Technology Pioneers for 2007. EnerNOC, Inc. has been selected as one of these Technology Pioneers. The Technology Pioneers were nominated by the world's leading venture capital and technology companies. The final selection from 225 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from 24-28 January 2007.
EnerNOC, also a winner of the 2006 Platts Energy Pioneer Award, is the leading energy management solutions provider specializing in demand response. EnerNOC enables more efficient and cost-effective energy resources by alleviating the strain on electric power grids during periods of peak demand.
Although utilities have employed demand response for several decades by means of phone calls to the largest energy users in their service territory, EnerNOC Co-Founders Tim Healy and David Brewster revolutionized the concept by networking smaller commercial and industrial organizations for automatic energy aggregation and control. EnerNOC's Network Operations Center (NOC) automatically notifies customers of demand response events and instantaneously reduces demand from the grid using remote, one-click curtailment technology. This technology is unparalleled in the industry and establishes demand response as a proven alternative to traditional supply-side resources.
“At EnerNOC we combine a passion for innovation with the desire to help solve some of the world’s most serious economic and environmental challenges,” says Healy. “We are honored to be recognized by the World Economic Forum for using technology to solve global problems. For customers, demand response presents a compelling opportunity: they save money and their efforts benefit society directly. Furthermore, the technology we provide for free becomes a gateway for a broad array of energy efficiency and conservation measures.”
Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year’s class of companies has been selected not only because of the cutting-edge work undertaken by these organizations, but also because their work has potential long-term impact on business and society.
The companies’ products include microscopic pill cameras, bio sensors that localize landmines, implantable medical devices for the treatment of brain tumours, mobile television service, blog search engines, open source webrowsers, video headsets, thin-film diamond coatings, solar air-conditioner equipment, paper batteries for music-playing greeting cards, and even an automatic and compacting trash bin powered by solar energy.
Over half (27) of the Technology Pioneers 2007 are US-based companies, with 13 located in California. The United Kingdom boasts six Technology Pioneers 2007; the Netherlands, India, Israel and Singapore boast two each; Canada, Denmark, Finland, Ireland, Sweden and Switzerland have one each.
“The competition to become a Technology Pioneer has been more intense than ever. It is evident that technology and innovation are playing a key role in the shifting power equation at a global level. Driving this shift is the tremendous amount of innovation taking place outside of traditional hubs. The wide geographic spread of this year’s Technology Pioneers is a testament to this trend. We are pleased to welcome these exciting companies to our Community of Technology Pioneers, and look forward to engaging these industry leaders of the future into the community of the World Economic Forum”, said Peter Torreele, Managing Director of the World Economic Forum.
To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader – and its technology must be proven. Previous Technology Pioneers have included Autonomy, Cambridge Silicon Radio, Encore Software, Google, Millennium Pharmaceuticals and Napster.
Go to www.weforum.org/techpioneers/2007 for the entire list of Technology Pioneers and interviews with the CEOs of the selected companies.
The selection criteria include:
- Innovation. The company’s technology must be truly innovative. A new version or repackaging of an already well-accepted technological solution does not qualify as an innovation. The innovation should be recent - not more than two years old. The company should invest significantly in R&D.
- Potential Impact. This company’s technology must have the potential to have a substantial long-term impact on business and society in the future.
- Growth and Sustainability. The company should have all the signs of being a long-term market leader and should have well-formulated plans for future development and growth.
- Proof of Concept. The company must have a product on the market or have proven practical applications of the technology. Companies in “stealth” mode and companies with untested ideas or models will not qualify.
- Leadership. The company must have visionary leadership that plays a critical role in driving the company towards reaching its goals.
- Status. The company must not currently be a Member of the World Economic Forum. This criterion applies to the parent company – thus wholly-owned subsidiaries of large firms are not eligible.
EnerNOC’s software applications have been in commercial operation since 2003 and currently monitor the energy consumption of approximately 300 C&I end-users. The company manages over 1,000 MW of electrical demand, with more than 400 MW of dedicated demand response capacity. During a series of nationwide heat waves in 2006, EnerNOC oversaw 39 demand response events throughout New England, New York and California to prevent blackouts and brownouts. The company believes that demand response is only the first step towards more efficient global energy consumption and continues to develop its solutions to capitalize on additional energy-saving opportunities to help address the world’s energy challenges.
About the World Economic Forum:
The World Economic Forum (http://www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world’s foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.
About EnerNOC:
EnerNOC, Inc. is the leading provider of technology-enabled total energy management solutions including full-service demand response, price response, and demand side management solutions. With more than 1,000 MW's of electrical capacity under management, including over 400 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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