Tag Archives: demand response

Needham Initiates Coverage On EnerNOC (ENOC) With Buy: Demand Response Leader

Needham has initiated coverage on EnerNOC (ENOC) this morning with a Buy rating and $37 price target.  Hat tip to Street Insider for the analyst comment.

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“EnerNOC holds the top position among Demand Response (DR) providers in addition to a commanding lead in the C&I space, that appears poised to improve even more in coming years. Further, the company’s technology is industry-leading, provides a scalable platform and … Read the rest

EnerNOC (ENOC) Expects $200 Million In Demand Response Revenue From PJM Market In 2013

EnerNOC (ENOC) has announced that based on the 2013/2014 Reliability Pricing Model Base Residual Auction results, it now expects to recognize over $200 million in DemandSMART revenue from the PJM market in 2013. They have also increased their base residual market share from 35% in 2012/2013 to 40% in 2013/2014.

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CEO Tim Healy commented: “EnerNOC’s financial strength positioned us well to bid strategically into the 2013/2014 auction, … Read the rest

Canaccord Adams Reiterates EnerNOC (ENOC) Buy Rating

Canaccord Adams reiterated its Buy rating and $40 price target on EnerNOC (ENOC) this morning.  Hat tip to Street Insider for the following analyst comment:

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“With Street interest in the auction results elevated given the industry significance of the PJM market (currently ~50% of revenues), last Friday’s data reinforces our thesis of strong, secular growth in the demand response (DR) market, along with EnerNOC’s leadership position appearing … Read the rest

EnerNOC (ENOC) And Tucson Power Announce 40MW Demand Response Agreement

EnerNOC just signed a 40MW demand response agreement with Tucson Power. Under the agreement, EnerNOC will use its DemandSMART application to provide up to 40MW of demand response capacity for commercial, institutional, and industrial facilities located in Tucson Electric Power’s service area. Customers will be able to monitor their energy use and will receive payments from EnerNOC in return for allowing EnerNOC to manage their sites energy performance from its Network Operations Center.

In a … Read the rest

NV Energy to Continue Partnership With Comverge (COMV)

NV Energy just announced that it has extended its partnership with Comverge. Under the agreement, Comverge will keep managing NV Energy’s 143 MW smart grid ready demand response program, which is currently the biggest in the country. ┬áComverge will also add an additional 12 MW of capacity to the program. Comverge will also provide NV Energy with SuperStat(R) programmable communicating thermostats and will continue to explore additional demand response technologies to ensure that NV Energy”s … Read the rest

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

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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.  … Read the rest

Itron (ITRI) & Lockheed Martin (LMT) In Smart Grid Collaboration

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Two heavy hitters are collaborating, bringing their smart grid technologies together to reduce the cost and complexity for utilities to deploy smart meters. Itron (ITRI) and Lockheed Martin (LMT) announced today that they will integrate Lockheed’s SEEload Demand Response Solution with Itron’s smart grid platform bringing together Itron’s smart grid expertise with Lockheed’s security, command and control and integration expertise.

Itron VP Philip Mezey commented: “Fostering the … Read the rest

EnerNOC (ENOC) Adds 25MW to Ontario Power Authority Demand Response Contract

EnerNOC (ENOC) is adding another 25MW to its existing contract with the Ontario Power Authority for demand response services.  EnerNOC has been working with the OPA since spring of 2008 and the results have been very good.

Said Cliff Poyton of the OPA, “EnerNOC has performed well, delivering over 100 percent of contracted capacity on average in our DR3 Program events in the past year, and we look forward to the continued success of this … Read the rest

EnerNOC (ENOC) Reports Blow Out Quarter & First Profit But Guidance Weak, Shares Surge

EnerNOC has been saying for several quarters now that they are close to profitability and they sure entered the world of profitability with a bang after the bell today.  The company absolutely smashed Wall St estimates of .73/share by posting $1.30/share on revenues of $103 million.  Not only were they profitable but that revenue number is more than double the year ago quarter which was the previous best for the company.  Very impressive.. now let’s … Read the rest

Comverge (COMV) Chosen For Puget Sound Energy’s Demand Response Program

Comverge just announced that it has been chosen to provide load control devices and software for Puget Sound Energy’s smart-grid enabled demand response pilot program. The program is located in Bainbridge, Washington and will last 2 years. Residential consumers participating in the program will have  ZigBee-enabled programmable 2-way communicating SuperStat PRO(TM) thermostats, Comverge ZigBee-enabled Digital Control Units (DCU) and Internet-enabled Comverge ZigBee Gateways installed in their homes, and will be able to voluntarily manage their … Read the rest