EnerNOC, Inc. provides energy intelligence software (EIS) and demand response solutions to enterprises, utilities, and electric power grid operators. Strategy The key elements of the company’s strategy include attracting and retaining the best people; investing in technological innovation; and developing markets for its EIS and demand response. EIS and Demand Response Enterprise Solutions The company builts systems to collect and process various forms of data, including real-time energy interval data, various utility tariffs, realtime market pricing data, utility bills, weather, customer energy contracts, customer demographic data, and customer production data. The company’s EIS for enterprise customers includes six core areas of functionality, such as budget forecasts, cost visualization and accruals, which provide its enterprise customers with the ability to develop energy budgets and track cost accruals; utility bill management, which provides its enterprise customers with a central platform to collect historical utility bills, track trends in utility usage and costs, discover and report billing errors, and streamline accounts payable processes; compliance and reporting, which tracks trends in energy and carbon impact, visualizes real-time energy data to understand consumption patterns, automates reporting for purposes of compliance and benchmarking standards, such as GRESB and ENERGY STAR, and disaggregates and tracks actual consumption and demand costs; facility optimization, which allows its enterprise customers to benchmark their facilities against one another, analyze meter data to identify cost savings opportunities and prioritize actions across a portfolio of facilities; project tracking, which allows its enterprise customers to track the progress and impact of savings measures that have been implemented; and demand management, which alerts its enterprise customers when new demand thresholds are being reached, quantifies the cost impact of demand peaks, forecasts new facility and system peaks and alerts on real-time and day-ahead index prices. Utility Solutions The company’s EIS helps its utility customers understand and engage their business customers to deliver outcomes. Its software platform collects and processes data, and uses big data and machine learning approaches to segment like businesses in a manner that enables its utility customers to provide personalized communication and recommendations to their customers. The company’s EIS for utility customers includes three key areas of functionality, including customer engagement software, which provides content relating to a commercial, institutional and industrial end-users of energy (C&I) end-user's energy usage or potential energy savings that is relevant for that C&I end-user; energy efficiency, which provides tools that help its utility customers meet energy efficiency mandates by delivering targeted, automated reports to their customers; and operational effectiveness, which uses software analytics to improve effectiveness and reduce its utility customers' cost-to-serve their customers by providing targeted program design. Energy Procurement Solutions The company’s EIS includes an energy procurement platform that helps its enterprise and utility customers with the complexity of procuring energy in restructured or deregulated markets. Its procurement platform allows its enterprise and utility customers to get the best price for energy when going to market by having a large number of energy suppliers compete for their business in an auction process; identify opportunities to go to market based on their contracts, their risk profile, and market conditions; manage energy contracts in a single location providing a way to monitor expirations and market exposure; and understand risk in their energy portfolio. The company’s energy procurement application consists of an online auction platform that enables its enterprise and utility customers to get the best price for electricity, natural gas and other energy resources by having energy suppliers compete for their business, as well as supplier contract management and price alert to
enernoc inc (ENOC:NASDAQ GS)
One Marina Park Drive
Boston, MA 02210
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