EnerNOC (ENOC) Targets Small Commercial Demand Response With SmallFoot Purchase

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09:40:28 am on March 24, 2010

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EnerNOC (ENOC) is doing a bit of shopping and has acquired Colorado based SmallFoot LLC to target the smaller scale commercial demand response market.  Integrating SmallFoot’s technology will help EnerNOC reduct DemandSMART deployment costs at these sites and help open up new opportunities. 

Smart move from ENOC.  Small commercial sites make up 90% of facilities and consume 40% of the power according to the Energy Info Administration.  High costs have excluded many of these sites from using demand response  technologies and this acquisition aims to alleviate that barrier.

ENOC CEO Tim Healy commented: “The first customer to work with EnerNOC many years ago was a grocery store in New England, a relatively small but progressive retailer. Today, 25% of the sites in our network are small commercial sites. Going deeper into this underserved market represents a large growth opportunity for our company.  SmallFoot gives us additional technology to unlock all forms of demand response and deploy our full suite of applications in this exciting market.”

Shares of ENOC are up fractionally today and still working on carving out a new base. 

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