With customers that are looking for us to help them with their compliance reporting, make sure that we're doing that in an accurate fashion. Over the last 12 months, we have seen hundreds of progressive enterprises begin to use our software as an energy decision support system. And I would just like to ask first of all, could you talk a little bit about any expectations you have for the PJM auction later this month given the new performance criteria this year? Learn How rich is He in this year and how He spends money? "Better information creates much better outcomes for everyone for the whole industry, down to the end users. Turning to margin, we posted consolidated gross margin of 54% in the second quarter, which represented a significant improvement over the 37% we achieved in the second quarter of last year. In addition to his executive experience, Healy has been a board member or executive advisor to various companies including Veregy, P3 Energy, and Genability. In addition, you will find a slide deck that we will reference during the call as a supplement to our prepared remarks. The current estimated net worth of Enernoc Inc's Chairman & CEO, Timothy Healy, is estimated to be about $0 . About Packetized EnergyPacketized Energy makes electricity flexible with software systems and smart devices for the electric power industry, enabling distributed energy to be clean, affordable, and easy to use. We're finding that as a demand response company we have a unique selling proposition because in many respects you can think of our customer acquisition costs as being lessened by the fact that we can go in there and offer the customer an economic benefit of participating in demand response and engaging in an investment in our Energy Intelligence Software platform at the same time. "Not having tools like Amperon for market participants is like having your hands tied behind your back. And as I mentioned, I think demand response's value in the marketplace is set to increase over the next five to 10 years. We look forward to this uncertainty being resolved. There may be more to come from Enel as part of its strategic plan for new customer services, Kolo added. Use the EquityNet Crowdcast system to automatically email invitations to your contacts in order to build additional exposure for your company. Thanks, Chris, and thank you to everyone on the call for joining us this morning. As we sit here today, we expect to be roughly cash flow breakeven in aggregate through 2017 although there will likely be year-to-year fluctuations during that period. Tim Healy co-founded EnerNOC in 2001 and serves as its Chairman and CEO. Complete a Business Plan in EquityNet and refine your financial projections using the benchmarking alerts in the Business Plan Analysis report. She is currently President of X Machina Capital Strategies, an energy-focused private equity firm, and is on the advisory board for ISO New England, Inc. She served multiple roles at J.P. Morgan, first as CEO of Global Commodities EMEA and subsequently as Chief Marketing Officer. It is our intention as we've mentioned to continue to diversify the portfolio. A lot of how we do that is the land and expand strategy that I referred to, get in there with a modest ask initially of a low penetration of sites. Amperon is that information hub for the energy transition," said Tim. About Packetized EnergyPacketized Energy makes electricity flexible with software systems and smart devices for the electric power industry, enabling distributed energy to be clean, affordable, and easy to use. In 2013, we repurchased stock under an authorization at that time. So and number two we know that this is new for our investor base as well. In fact, many have taken what they have learned from their time atEnerNOCand continue to evolve, especially as it comes to company culture and diversity and inclusion. Timothy Healy owns about 1,353,907 units of Enernoc Inc common stock. And meanwhile, as I mentioned, South Korea has sort of leapfrogged Japan. The most active traders at the company are Past employee success and experience seems to indicate so. His wife is Joan Anderton (m. 2015), Denise Welch (m. 19882012). Turning now to some of the metrics we are using to track the development of our software business, I will begin on Slide 5, with our enterprise business where we ended the quarter with approximately 4,300 customers and approximately 79,000 sites. Tim H co-founded EnerNOC in 2001 and serves as its Chairman and CEO. Thanks, David, and thank you to everyone participating on the call today. Amperon Holdings, Inc. is a technology company based out of Houston that builds AI-powered electricity analytics for energy market participants. and Timothy Healy, Chairman & CEO And how does the kind of the payment structure work and would you look to work with other solar companies such as may be Sun Edison for solar who are also involved in big commercial projects? This includes fundamental activities like streamlining the payment of their utility bills, being able to simply and accurately accrue energy cost, proactively identifying energy purchasing opportunities, managing a portfolio of supply contracts, and automating compliance reporting. We've mentioned that we've been shooting for roughly a 3000 megawatt portfolio so this may result when capacity performance is fully in place in the 2020 and 2021 delivery year. So earlier this year, we entered an arrangement with Sun Power and we're very bullish about not just our arrangement with Sun Power, we think it's a great company to be working with, very aligned with what we're trying to do there. Sure, happy to. We've been able to meet our initial deployment objectives, our initial product development objectives and now we're in the go to market phase with Sun Power. He served for over 16 years as Chairman and CEO of EnerNOC, providing energy intelligence and demand response solutions to utilities, grid operators and enterprises. More recently, EnerNOC was recognized with a 2012 Platts Global Energy Award for Industry Leadership, and Tim H was honored as CEO of the Year by the Massachusetts Technology Leadership Council. Understanding the legal framework at a statewide regulatory level is critical to supporting the innovation needed to move toward a clean energy grid, says Wannop. Resources, it will be price-sensitive as you might imagine and I don't think that's telling anyone anything that they are not expecting. Many of you had the opportunity to get to know Gregg over the 10 plus years that he led our sales organizations, so you understand the indelible mark he left on EnerNOC. While the initial reaction when first learning about our software is often how much savings can it generate, what's the IRR, EIS is much more than just a savings tool. We intend to put forth a bid that will have us bidding some capacity performance. And those internal champions tend to be the best case we have for expanding our operations inside of an existing organization or bringing this to other like-minded organizations and similar verticals. The premium may be surprising, but the fact that EnerNOC is being acquired is not. Now looking at the balance sheet, we ended the quarter with $144 million of cash. He is from . Italys Enel announced Thursday that its U.S. subsidiary, Enel Green Power North America, will acquire Boston-based EnerNOC for about $7.67 per share, or a 42 percent premium over yesterdays share price. Specifically, Enel intends to put EnerNOC to work as a foundational element of the E-Solutions business it launched last month. Afterward, she went on to serve as Managing Director at BNP Paribas. GAAP diluted earnings per share is expected to be in the range of $0.47 to $0.57 and non-GAAP diluted earnings per share is expected to be in the $0.80 to $0.91 range. In addition to this EIS reselling arrangement, the deal includes demand response for consumers business customers of all sizes. Excluding that acquisition, a small divestiture during the second quarter of last year, and the impact of the completion of our initial Massachusetts Department of Energy Resources contract in the second half of last year, enterprise revenue grew by approximately 14% year-over-year. Reporter covering the green technology space, with a particular focus on smart grid, demand response, energy storage, renewable energy and technology to integrate distributed, intermittent green energy into the grid. Prior to EnerNOC,Healyworked in the Energy Technology Laboratory for Northern Power Systems, Inc., and held positions with Merrill Lynch, International Fuel Cells (now UTC Fuel Cells), and the venture capital firm Commonwealth Capital Ventures. Our utility ARR declined by $3 million sequentially in the quarter due to the expiration of a demand response contract with a utility in the Southwestern United States. Excluding the acquisition of Pulse Energy in December of 2014, and the divestiture of our utility consulting business in the second quarter of last year, which largely offset one another, we grew our utility revenue by approximately 3% year-over-year. Businesses need to understand how does this transform their organization, what business process changes does that mean? Im excited to bring my experience and industry knowledge on board to help utility customers advance the transition toward a cleaner and more responsive energy network.. Boston - June 29, 2017 - Cooley advised EnerNOC on its agreement to be acquired by the Enel Group, a global energy company based in Italy, for more than $300 million, including EnerNOC's net debt. These forward-looking statements made today represent our views as of August 6, 2015. More recently, EnerNOC was recognized with a 2012 Platts Global Energy Award for Industry Leadership, and Tim Healy was honored as CEO of the Year by the Massachusetts Technology Leadership Council. Then I guess what I would say is I wouldn't limit and we are not limiting the way we work with partners to just distributed energy companies. Tim Healy Energy and Technology Executive; Former EnerNOC Chairman & CEO; Board Of Directors at Powin, Amperon, Recurve, and Micatu, Inc. Im looking forward to helping Packetized Energy bring those insights directly to regulators and decision-makers.. There's going to be an increased emphasis on renewables and other means for utilities to meet there -- I guess it's another means for utilities to execute on their strategy to get closer to their customers and engage their customers in a more complex environment that they're operating in. Team and I are encouraged by early evidence of these enhancements increasing our sales pipeline and improving our overall go-to-market effectiveness. Catherine Flax is an accomplished leader and mentor in the energy, fintech and commodities sectors. If you would like to claim this profile, contact us. U.S. Patent No. My comments will focus on our second quarter 2015 financial results and our outlook going forward, and I'll conclude with some brief thoughts on our capital deployment strategy. They want everything -- and most of all, they want our people, Healy said of Enels acquisition plans. Good morning. Continuing on this theme, Boston Properties has more recently utilized the platform to further streamline and consolidate its reporting to satisfy compliance and benchmarking requirements and demonstrate its leadership and sustainability through programs such as GRESB, EnergyStar and NAREIT's leader in the light award. In addition to managing EnerNOCs Western US sales team, James personally brought over 250 megawatts of Demand Response into programs across the United States. His net worth has been growing significantly in 2020-2021. In the second quarter, we generated $73 million of total revenue which was 65% higher year-over-year with growth in all three areas of our business. So with that, let me turn the call over to David. So we -- in the past in the last two years, we have been active in both years in repurchasing our stock. We recommend you to check the complete list of Famous People born on 29 January. In the U.S., rival demand response provider Comverge was recently acquired for $100 million by smart meter giant Itron for $100 million. One last word in the market before I turn it over to David, on our last call we told you about the importance of developing an ecosystem around EIS and highlighted our partnerships with Sun Power and Tesla as a couple of early examples. With that, I'll turn the call over to Tim. And when those decisions are put in front of them, the idea of spending a few hundred thousand dollars on information layer to make sure that they're making the right purchase becomes much more of a rounding error than it does a significant budget investment and those rounding errors for us become the way that we can start to achieve the 30% or 40% growth that we're targeting for our enterprise software business moving forward. So certainly we're going to look to continue to add as much as context and color to the metrics that we provide and make sure that we're doing our part to put those in context for everyone as well. We bought World Energy in January of this year and so we should be through that process by the end of the year. EnerNOCs global access to an estimated 24 gigawatts of C&Iload resources across North America, Asia, Europe, Australia and New Zealand could certainly help it on this front. EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q3 2015 Earnings Conference Call November 5, 2015 9:00 AM ETExecutivesChris Sands - Director of Investor RelationsTim Healy - Chairman and Chief Executive. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Enernoc Inc (ENOC) using our online tools. With that, I'll turn the call over to Neil, to provide a review of our financial results. EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q2 2015 Earnings Conference Call August 6, 2015 9:00 AM ETExecutivesChris Sands - Director, IRTim Healy - Chairman & CEODavid Brewster - PresidentNeil. Im thrilled to welcome Tim and Allison to our advisory board. And then just lastly one on the repurchases, have you been active year-to-date in repurchases? Prior to EnerNOC, James served as Distribution Sales Manager at EnergyLogic, a leader in alternative fuel fired furnaces and boilers, where he was responsible for successfully building the U.S. and international sales distribution network and ultimately tripling the companys annual sales in just under four years. But added up, it can make a big difference: EnerNoc now has 1,500 megawatts under management. The company has highlighted e-mobility and recharging infrastructure as a high-potential arena, which could signal an acquisition opportunity for an EV charging company, as with EV-Box, which was bought by Engie earlier this year. Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. We'll make a few comments on capacity performance which was approved and how we expect that might impact our business. We think it's just one of many drivers for demand response in the market right now. In addition, Western Australia contributed to the increase due to the introduction of ratable revenue recognition in Q4 of 2014, net of some off peak energy revenue, we earned in Australia in the second quarter of last year. Enernoc Inc's most recent insider trade came on March 21, 2016 by And then I guess through that process as you're having that conversation, I noted that less than 5% of total enterprise site is subscribing to the full EIS platform. That would keep us on solid financial footing which we believe is the most prudent way to attack the large and nascent EIS market. I would now like to introduce you to your host for today's call, Mr. Chris Sands, EnerNOC's Director of Investor Relations. We are pleased to see the EPA recently file a motion for stay of the DC Circuit Court's mandate regarding backup generators. This is a new territory for customers. Please go ahead. But EnerNOC CEO Tim Healy said in a Thursday interview that the sale to Enel is a validation of our strategy in the marketplace. There is a single nomination for two baselines, summer and winter. The old adage Its 5 Oclock somewhere was in effect last week as Dynamo Hub Members from near and far joined our cocktail-roundtable hosted byTim Healy, former Chairman and CEO ofEnerNOC (now Enel X), and newly announced advisor to Dynamo Energy Hub. So I think we may wind up being a little bit more prepared for capacity performance than the rest of the marketplace. Weve built a cutting-edge software platform, a cutting-edge go-to-market engine, and an unparalleled opportunity to connect customers with energy opportunities across the globe.. I just think that the one added element is that we are not in there with existing budgets saying that we are coming with a solution that's better, cheaper, faster, and in the cloud. Reflecting on the success of his former employees, Tim noted that when startingEnerNOC, the culture of the company was a priority and very important to both him and his co-founder. By quickly adopting multiple EIS products to serve the energy intelligence needs of all of its business customers, Consumers is operating with a sense of urgency to adapt to the changing landscape and get closer to its customers. I'm not asking for your bing strategy but industry-wide, how much of what is cleared in the past do you think would qualify for CP? When typing in this field, a list of search results will appear and be automatically updated as you type. He is also on the board of several growth companiesincluding Powin and Micatu, as well as the New England Aquarium. Speaking of the roller coaster ride of working at a start-up, he noted: It took about five years of R&D. Enel to Buy EnerNOC for $250M, in Bid for Demand Response and Energy Software Market Share The last publicly traded U.S. demand response company standing is going private. And then lastly, maybe for David, it's good to see Japan expand after I think a couple of years ago you guys first went in there. With the new deal, Consumers will augment its software relationship with EnerNOC by reselling our enterprise EIS professional packages to Consumers large commercial and industrial customers. And in order to do that, what we need to do is achieve the customer success objectives as quickly as possible, meet the customer's expectations, make this a user experience that is best-in-class and in the case of customers that are looking to simply engage with Energy Intelligence Software to drive savings, help them drive those savings. These early enterprise customer span many industry verticals where we found particular success in the commercial real estate, food and beverage, energy, light industrial, and government verticals. Recall that Eric joined us in January to run our enterprise sales team having spent the previous 15 years in sales leadership positions at EMC and his prowess of developing and managing an enterprise sales force was evident from the get-go. Enel's press release calculates the offer's value at about $250 million, excluding debt, while EnerNOCs press release added this debt to yield an enterprise value of more than $300 million. As a reminder, ladies and gentlemen this conference is being recorded. What's more, its combination of demand response with software for energy procurement and management covers both utility-facing and customer-facing parts of the revenue equation. So enterprise gross margin move, that's good to see up at 63%. Under his leadership, EnerNOC grew from a startup to an international leader in energy management, with nearly $500 .