05 Jan '12, 1pm

How EnerNOC is Evolving Smart Grids and Building Energy Management

How EnerNOC is Evolving Smart Grids and Building Energy Management

When I first met EnerNOC co-founder Tim Healy back in 2007, he was riding high on the results of a successful IPO. Catching up with Healy just a few weeks ago, I was struck by the dimming of the outlook for cleantech in the intervening years. Five years ago, EnerNOC's IPO was a bellwether in all-too-brief moment of exuberance for cleantech that marked that year. Listing in late May 2007 at a price of $26, EnerNOC's IPO was a hit . The share price surged 20 percent in its first day of trading, and nearly doubled to $50 within six months. At the time, EnerNOC offered something counterintuitive amidst all the breathless coverage of next-gen solar panels and complex batteries recipes. Rather than generate clean energy, EnerNOC was helping to solve energy shortages by reducing demand. By taking control of commercial customers' big equipment -- think office building air conditio...

Full article: http://www.greenbiz.com/blog/2012/01/05/how-enernoc-evolv...

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