Businessweek

EnerNOC, Inc. provides energy management applications, services, and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services, and products. The company’s energy management applications, services, and products enable energy management strategies for commercial, institutional, and industrial end-users of energy, which the company refers to as its C&I customers, and its electric power grid operator and utility customers by reducing real-time demand for electricity, increasing energy efficiency and improving energy supply transparency. Energy Management Applications, Services, and Products DemandSMART The company engages in the development, implementation, and adoption of technology-enabled demand response services for the smart grid. Its DemandSMART application enables the company to send control signals to, and receive bi-directional communications from, an Internet-enabled network of dispersed C&I customer sites to initiate, monitor, and complete demand response activity. Its DemandSMART application analyzes the data from individual sites and aggregates data for specific regions. Its one-click curtailment activation sends signals to various C&I customer sites in the targeted geography where the event is occurring. Upon activation of demand reduction, DemandSMART, which receives near real-time data from each C&I customer site, is able to determine on a near real-time basis whether the location is performing as expected. The company provides its demand response services to electric power grid operators and utilities under long-term contracts and pursuant to open market bidding programs. It offers various services to address the needs of electric power grid operators and utilities, such as reliability-based demand response, price-based demand response, and short-term reserve resources referred to in the electric power industry as ancillary services. Reliability-Based Demand Response: The company provides reliability-based demand response services to ISO New England, Inc.; PJM Interconnection (PJM); Southern California Edison Company; Tennessee Valley Authority; Australian Independent Market Operator Wholesale Electricity Market; and Ontario Power Authority. Price-Based Demand Response: The company’s price-based demand response services enable C&I customers to monitor and respond to wholesale electricity market price signals. Its C&I customers use its DemandSMART application to register a ‘strike price’ above which it might be economical for that customer to reduce its consumption of electricity. It participates in price-based demand response programs in the Mid-Atlantic and New England. Ancillary Services: Demand response is utilized for short-term reserve requirements, referred to in the electric power industry as ancillary services, including operating reserves. This service is called upon by electric power grid operators and utilities during short-term contingency events, such as the loss of a transmission line or power plant. An ancillary services market in which it participates is PJM’s Synchronized Reserves Market, in which the company is the provider of demand response capacity. EfficiencySMART EfficiencySMART is the company’s data-driven energy efficiency suite that includes energy efficiency planning, audits, assessments, commissioning and retro-commissioning authority services, and a cloud-based energy analytics application used for managing energy across a C&I customer’s portfolio of sites. It offers the following EfficiencySMART applications and services: EfficiencySMART Plan provides the company’s C&I customers with a multi-year profile of projected energy demand, consumption and costs, including a lifecycle financial analysis of potential energy strategies and a roadmap for implementation. EfficiencySMART Audit provides the company’s C&I customers with energy efficiency recommendations in compliance with the American Society of Heating, Refrigeration and Air-Conditioning standards for conditioned space, and tactical energy surveys for industrial facilities. EfficiencySMART Assessm