This morning EnerNOC (ENOC) announced it has extended an agreement with the state of Connecticut to continue to provide its demand response services through 2014. The company has provided the state with its services since 2006, helping them to earn more than $4 million in demand response payments from EnerNOC. The payments to the state are quarterly and based on the decrease of energy use during peak demand, stabilizing energy costs and reducing the risk … Read the rest
Tag Archives: demand response
GDF Suez Teams Up With Comverge (COMV) To Offer Customers Demand Response
It was announced this morning that the retail biz of GDF SUEZ has teamed up with Comverge (COMV) in order to offer its commercial and industrial customers demand response services to help them decrease energy usage and cost. GDF SUEZ is currently the 2nd largest provider of non residential energy, so this is a significant win for Comverge. At first, the ERCOT, NEPOOL, NYISO and PJM territories (whatever that means) will be served with additional … Read the rest
EnerNOC (ENOC), So Co Edison 150MW Demand Response Contract Approved
The 150MW demand response contract between EnerNOC (ENOC) and So Co Edison which was originally announced in June 08, has been approved by the California Public Utilities Commission and will be effective until the end of 2012.
“The CPUC’s decision reflects the important role that demand response can play in reducing peak demand in SCE’s service territory,” said Tim Healy, EnerNOC’s chairman and CEO. “Adding more demand response resources to the state of California further … Read the rest
EnerNoc (ENOC) Surges AH After Earnings Beat; Rapidly Moving Towards Profitability
EnerNoc (ENOC) is emerging as a demand response leader and is well on its way to becoming the first to profitability (ahead of rivals Comverge and Echelon). The company blew away EPS estimates again this quarter, reporting a non GAAP loss of .12/share vs expectations of a .33 loss. Revenues were better than expectations as well, coming in at $42 million vs the expectation of $39 million.
Helping to push the stock higher after hours … Read the rest
EnerNoc (ENOC) Acquires Greenhouse Gas Software Firm eQuilibrium Solutions
EnerNoc (ENOC), the demand response company quickly moving towards profitability is expanding its reach with today’s announcement of the purchase of greenhouse gas software and services firm eQuilibrium who’s current clients include Sears and News Corp. eQuilibrium’s software will eventually be integrated into EnerNOC’s existing PowerTalk platform but the company doesn’t expect this deal to have any impact on its financial results this year. Terms of the deal have not been disclosed.
“Our customers continue … Read the rest
Enernoc (ENOC) Gets Demand Response Deal With Vermont’s Green Mountain Power
Enernoc (ENOC), an emerging leader in demand response networks, has signed a deal with one of Vermont’s largest electric utilities, Green Mountain Power allowing its customers to save on energy costs by reducing their energy usage during peak demand. Customers currently enrolled in Green Power’s demand response system will be rolled into EnerNOC’s system and the two companies will work together to add more commercial, institutional and industrial customers to the demand response network. Companies … Read the rest
Comverge (COMV) Announces Release Of Apollo Demand Response System
Comverge just announced the release of its new product, the Apollo Demand Response System. The Apollo System is the first demand-response system that links in-home demand-response devices with utility operations and back office applications.
In a company press release, members of Comverge’s leadership team commented on the product:
"Apollo represents a defining step forward for the Demand Response industry and a key component of SmartGrid technology. Utilities will now be able to deploy this enterprise … Read the rest
EnerNoc (ENOC) Gets 4 More Demand Response Contracts Totaling 250MW
EnerNoc (ENOC) continues to rack up the utility demand response contracts and the stock is reflecting it, up nearly 50% in March alone. This morning the company is announcing 4 new contracts in Maryland totaling 250 MW with Allegheny Power, Baltimore Gas & Electric, Delmarva Power and Light and Potomac Electric Power which brings the total to 7 new new contracts in the first quarter 2009.
In November of last year the Maryland Public Service … Read the rest
Demand Response Player Comverge (COMV) Reports More Losses In 08, But Future Bright
Comverge (COMV), a demand response provider, released mixed results after the bell today. On the EPS side they reported .28/share (beating estimates by .04) and revenues of $33 million was right in line with expectations. With a revenue growth decrease of 22% over the year ago quarter, that stops a streak of 4 consecutive quarters of accelerating revenue growth. The future looks bright for COMV but this is a company that appears to be … Read the rest
EnerNoc (ENOC) In 65MW Demand Response Deal With Idaho Power
EnerNoc (ENOC), an emerging, yet still unprofitable demand response leader just picked up a 65MW deal with Idaho Power. ENOC will enable and manage a network of commercial and industrial facilities throughout Idaho Power’s service area to reduce electricity demand during system peaks. ENOC’s job is to bring supply and demand into greater balance, potentially reducing prices during peak demand times. They have a network of operations centers that automate the process, curtailing non … Read the rest