enernoc

Q&A: EnerNoc cashes in on 'negative watts'

It's not as flashy as solar panels or dramatic as wind turbines, but energy efficiency is fast becoming viewed as a significant "source" of energy. Some people refer to megawatts not used as "negawatts" (for negative watts).

EnerNoc is one of a handful of demand response companies in the field. To ease the load on the power grid during peak times, demand response systems can turn down electricity usage at commercial buildings or consumers' homes.

It's a field that's getting serious attention from policymakers who are looking to avoid constructing new power plants, … Read more

'Negawatts' provider EnerNoc boosts revenue

EnerNoc, a company that makes money by throttling corporate energy use, on Wednesday reported a spike in fourth-quarter revenue, but a larger-than-anticipated loss drove down its stock price.

The company said that fourth-quarter 2007 revenue was $19.7 million, up 234 percent year over year, and full-year revenue more than doubled to $60.8 million.

The net loss for the quarter was $9, or 48 cents per share, more than the First Call consensus of 30 cents. EnerNoc's stock price dropped nearly 15 percent Wednesday on the news. Update: EnerNOC's stock was down over 27 percent by 1:… Read more

Another energy efficiency expert jumps in IPO

EnerNoc, which sells systems that automatically curb power consumption in buildings, saw its stock jump 20 percent on Friday, a day after its initial public offering.

EnerNoc sold 3.75 million shares for $26 a share in its IPO. The shares started trading on the open market on Friday and closed at $31.13. The $26 price was higher than expected. The company initially said it would sell its stock for $21 to $23 a share and then raised the range to $23 to $25 a share.

The company monitors electrical consumption in commercial buildings and matches that against electrical … Read more