Before joining REGEN, James led Western US sales for EnerNOC, recognized leader in Demand Response, with a focus on bringing Commercial & Industrial customers together with utility-funded Demand Response programs, and Data-Driven Energy Management solutions. Please go ahead. We think based on the way we've structured the contract the second half of 2015 we're probably expecting about $1 million of revenue from this contract and then roughly $8 million a year at a minimum for the next couple of years while we execute on that contract. We talked about a little bit of it. And if so, how should we think about your desire to buy back stock despite not generating free cash flow? This is an encouraging data point for us, as a new enterprise software product in a new market this make sense, customers want to prove out the value proposition on a limited basis before making a substantial investment. 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. While at Lighthouse, Ned's investments have included AppIQ (acquired by HP), Aprimo (acquired by Teradata), EnerNOC (NASDAQ: ENOC), Sandburst (acquired by Broadcom) and ZipCar (NASDAQ: ZIP). The majority of the World Energy customers are customers that we think are great candidates for our enterprise software offering. These forward-looking statements made today represent our views as of August 6, 2015. BURLINGTON, Vt., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Packetized Energy announced that Tim Healy, former Chairman and CEO of energy intelligence and demand response leader EnerNOC, and Allison Bates Wannop, Founder of 44 North PLC, have joined its Board of Advisors. I know that it can be confusing to some investors what all of this means. From September 2000 until October 2010, Adam served as a general partner of Foundation Capital, a venture capital firm. But I think there are a lot of information companies as well, the ERP vendors, the CRM vendors that are looking to help various parts of the enterprise and the utility ecosystem expand what those software products can do in terms of dealing with some of this new complexity in the energy ecosystem. 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. Total operating expenses in the quarter excluding one-time gains were $60 million up $11 million from the prior year quarter due primarily to an incremental $8 million related to our acquisitions of World Energy Solutions and Pulse Energy. 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. With increasing rolling blackouts, extended price spikes, heavy renewables and EV penetrations, and extreme weather events, energy market participants of all stripes rely heavily on Amperon to guide their operational decisions. He servedforover 16 years as Chairman and CEO of EnerNOC, providingenergy intelligence anddemand response solutions to utilities, grid operators and enterprises. 2005-2023 EquityNet Inc. All Rights Reserved. We believe that the competitive energy retailers are particularly attractive segment of the utility market for our solutions. With a primary focus on market development, inclusive of regulatory and government affairs, utility solutions, and international development, David has taken an active role in helping to shape domestic and international demand-side markets. EquityNet takes no part in the negotiation or execution of transactions for the purchase or sale of securities, and at no time has possession of funds or securities. In 2014 we repurchased $30 million of stock in conjunction with our convertible debt offerings. Tim Healy co-founded EnerNOC in 2001 and serves as its Chairman and CEO. We'll make a few comments on capacity performance which was approved and how we expect that might impact our business. Thanks. They were all great ideas but apply the 80/20 . Today energy management sustainability initiatives on enterprise wide focus for Boston Properties and the company's alignment with EnerNOC's EIS platform is another step in its journey to effectively aggregate and leverage its energy data. 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.. Our first question today comes from the line of Brian Sussex [ph]. 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. We intend to put forth a bid that will have us bidding some capacity performance. We experienced tremendous revenue growth on Gregg's watch and we are very grateful to him for his many contributions to EnerNOC over the years. Healy and Wannop will join seven other advisory board members including: Robert Zulkoski, CEO of Conduit Capital Partners and former Chairman of Greenlots, a global electric vehicle charging infrastructure company purchased by Shell; and Scott Johnstone, who previously led Vermont Energy Investment Company, a $100 million energy project management and consulting firm. Catherine Flax is an accomplished leader and mentor in the energy, fintech and commodities sectors. When deciding to go to MIT Sloan, she noted: There are people inventing incredible things all the time and a lot of the time you dont end up being able to use them due to what happens in that gap from lab to market. 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. Tim. We're thrilled to have him on board. He received his BS in operations research from Cornell University and his MBA from MIT's Sloan School of Management. EnerNOC founder and ex-J.P. Morgan executive bring their expertise to expand Amperon's platform and be a major player in the energy transition. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Enernoc Inc (ENOC) using our online tools. Be proactive in messaging many investors and include a simple way for them to connect with you for a web meeting or call, such as a Calendly link. We more than doubled our enterprise revenue year-over-year to $18 million principally due to the acquisition of World Energy Solutions. Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. He currently sits on the Board of Directors of theAdvanced Energy Economy (AEE), the New England Clean Energy Council, Genability, Inc., and WeSpire, and serves on TechNet's Executive Committee and the Board of Trustees for the New England Aquarium. Insider trading is most common in March, with the busiest year in 2016. In particular, how do you think the competitive landscape will change versus a year ago? This deal like most pilots is relatively small to start though we believe it has strong potential to scale and we're well underway delivering value to consumers. Over the trailing 12 months period that ended in Q2, the gross churn rate of our enterprise ARR was 12% which is not all that surprising in the context of a reduction of legacy World Energy customers. 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. Upload and present any other important investment documents such as pitch decks, financial statements, and offering materials. Catherine and Tim are the latest additions to Amperon's board, rounding out a highly experienced team that includes Michael D'Aurizio, Investment Director at HSBC Climate Tech Venture Fund, as well as founders Abraham Stanway and Sean Kelly. Amperon is that information hub for the energy transition," said Tim. Heres How It Worked and What It Cost. Finally, we are excited about the President's Clean Power Plan which was released on Monday. David Brewster, President, He regularly represents EnerNOC at public utility commissions and the Federal Energy Regulatory Commission, among other forums. Speaking of the roller coaster ride of working at a start-up, he noted: It took about five years of R&D. Under his leadership, 35 of his employees have gone on to become CEOs of their own companies. 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. Having previously enforced compliance with state renewable energy standards and reviewed numerous regulatory filings, Wannop advises Packetized on providing regulators the data and insights needed to develop an effective regulatory environment for a clean energy future. Our utility revenue increase modestly year-over-year to $13 million. Hudson Gilmeris CEO and Co-Founder ofLineVision, a non-contact sensor platform that continuously monitors the behavior of the transmission system, detects anomalies and issues real-time alerts on risks, allowing utilities to adopt and adapt to renewable energy technology. 2023 Greentech Media or its affiliated companies. And for Tim Healy and the other founders in attendance, this is clearly the goal for all focused on the cleantech energy transition. Welcome to our second quarter 2015 conference call. 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 know there is a bigger ecosystem than just Sun Power and there are a lot of other entities that we're prepared to work with. The EPA requested a stay until May 1, 2016. Complete your funding profile with all sections filled, including your products and services, a complete management team with headshots, and slideshow with product images. When discussing implementing a similar practice at Ayer Labs,Alex Wright-Gladsteinnotes: Be really careful about hiring, dont just hire fast as you need to fill a role, make sure its the right person, because firing sucks. Timothy Healy usually trades in March, with the busiest year in 2016. This new business unit, headed by former Enel Green Power chief Francesco Venturini, has set its sights on electric mobility, vehicle-to-grid projects, recharging infrastructure, energy-efficiency management, batteries and energy optimization platforms, public lighting and distributed generation systems.. Batteries are helping to optimize the power grid and opening up new applications and services for utilities and service providers. Im thrilled to welcome Tim and Allison to our advisory board. While we are disappointed with that development and its impact on our utility ARR, we continue to see improvement in the quality of our utility ARR as the mix shifts from turnkey demand response to subscription-based EIS. We mentioned this a little bit on the last call but right now we fully expect that we're going to be well-equipped to adapt to the new products of capacity performance. degree from Northwestern Law and a B.A. So I think there is a lot going on in the ecosystem. Tims deep expertise in the energy industry and track record of growing companies in the electricity sector will be invaluable as we advance as a leader in energy flexibility, said Paul Hines, CEO and Co-founder of Packetized Energy. We don't know that for sure obviously but there are some intuitive observations that would suggest and I don't think that we're alone in predicting that you could see higher prices for the capacity performance product. With the number of domestic energy disclosure laws increasing by roughly 150% in the last year alone and increased momentum behind GRESB and new financial reporting standards like the Sustainability Accounting Standards Board or SASB, this is a growing pain point for many organizations and just another marketing dynamic that is creating demand for EnerNOC software. What is Timothy Healy's Net Worth? 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. Operating expenses in the quarter came in lower than expected and contributed to our higher than anticipated adjusted EBITDA performance. In this case, it demonstrates that over the last 12 months, we increased from revenue from existing customers despite the intentional culling I just mentioned. These are non-GAAP financial measures that are not prepared in accordance with generally accepted accounting principles. The Consumers Enterprise EIS reseller arrangement demonstrates that by delivering world-class products and services to our utility customers, we can foster a collaborative relationship like our partnership with Sun Power benefits both parties and helps us quickly and cost effectively reach more enterprise customers to scale our business. Matthew Healy was born in London, England in April 1989. 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. | Source: 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. We've highlighted on multiple occasions our land and expand strategy in the enterprise EIS market. We achieved strongest financial results in the second quarter with revenue and adjusted EBITDA above the top-end of our guidance range. Ned joined Lighthouse in 2000 as a Managing Director in the Cambridge, Massachusetts office, where he leads the firm's east coast information technology practice. Check out all of our energy storage resources. The current estimated net worth of Enernoc Inc's Chairman & CEO, Timothy Healy, is estimated to be about $0 . On today's call we will discuss estimates, as well as make statements that are forward-looking under the Private Securities Litigation Reform Act of 1995, and other federal securities laws. Prior to Avid, Ned was a Managing Director at Robertson Stephens and Company from 1987 to 1993, where he was responsible for establishing and building Robertson Stephens' Boston-based technology investment banking practice in the Eastern U.S. and Canada. All rights reserved. So we certainly have that. Boston Properties has invested in a holistic enterprise approach to energy data management which aims to differentiate the company to its investors and customers. But Alex noted its not just about finding the perfect invention to take to market that makes an entrepreneur successful. That's going to likely result in the potential for lower megawatts for us in our PJM portfolio. 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. Engie, Centricaand EDF have already acquired solar, energy efficiency and other distributed energy companies serving this market. Tims deep expertise in the energy industry and track record of growing companies in the electricity sector will be invaluable as we advance as a leader in energy flexibility, said Paul Hines, CEO and Co-founder of Packetized Energy. So I think we may wind up being a little bit more prepared for capacity performance than the rest of the marketplace. I think we might see that for another quarter or two quite frankly. Our next question comes from the line of Monika Garg with Pacific Crest. It doesn't limit us interestingly enough in working with other types of distributed energy companies. When asked about choosing to begin on her own entrepreneurial endeavors, she stated: When you have an idea for a new startup, have confidence that you can do itWhat Ive learned from my own experience and through talking to other entrepreneurs is that the greatest thing about starting a new company is that no one has ever done exactly what youre doing before. Alex Wright-Gladstein, Founder, CEO of Sphere. Tim. We will go to the line of Angelica Jarvenpaa and [Operator Instructions]. Stay up to date on Dynamos upcoming events and thought leadership content, receive event overviews, and to hear the latest news from our community. 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. But I don't want to discredit the good colleagues that we have in the industry because I know that they are also hard at work making investments to continue to bring this important resource to market and I think there have been innovations throughout the marketplace that suggest that there are new things to come from the demand response providers that are making demand response participation easier, more automated, more intuitive for customers. To sign up for our monthly newsletter to stay up-to-date on Dynamos upcoming events and thought leadership content, receive event overviews, and to hear the latest news from our community,get in touch with us. Additional information concerning these Risk Factors is contained in our filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q available at www.sec.gov. 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. So it's a multi-year transformation that is happening in our market and I think that's driving the utilities to start really ramping up their engagement with customer activity around engagement, demand response, energy efficiency. He is from . It is our intention as we've mentioned to continue to diversify the portfolio. And then we've made also at the same time over the last year, we have made an investment in our global services team which you can think of as our customer success team which is all about delivering our product to the customer and making sure that the customer experience is what the customer is expecting. He is from . Right now, I think what we chose to focus on as our strategy was survey the market, pick a good partner, go after the U.S. and Canada market together because we did limit the arrangement to the U.S. and Canada with Sun Power and we really try to build out this capability, prove the value proposition to customers and do what we did. The Grid Edge comprises technologies, solutions and business models advancing the transition toward a decentralized, distributed and transactive electric grid. 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. Adam is a managing director and group head of Silver Lake Kraftwerk, a division of global private investment firm Silver Lake, which focuses on investments in growth companies in the energy and resources sectors. 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. We increased our international revenue by 55% year-over-year to $21 million in the quarter. As I mentioned in the prepared remarks, what we are finding is that our customers are identifying a little bit more than we had anticipated early on in terms of some of the needs that they have and how our software can address that need so there is some intense training going on in changing the way our sales process occurs. The company was founded in 2001 by Tim Healy and David Brewster. And then if that is successful, were going to have 20 or 30 different EnerNOC employees who go on and start their own companies in this sector, and the promise of cleantech and the promise of energy transition is going to be real., Today, there are at least 30 former EnerNOC employees that are now CEOs, co-founders or heads of their companies, most of them in the clean energy sector.
