Grid operator revenue of $42 million was 81% higher than it was in the prior year period. In May, shortly after our last earnings all, we promoted Eric Erston to lead sales globally for EnerNOC. But basically that churn is taking place as contracts expire and so there is sort of an annualization to that process. Allisons background in energy regulation and policy will help amplify our voice in the important regulatory discussions shaping the future of clean energy.. The team at Packetized Energy has a deep understanding of the need for grid flexibility and a firm grasp on how innovative technology such as theirs can achieve this, said Healy. Please go ahead. Keep your funding profile updated with new funding raised/committed and message interested investors with any new milestones achieved. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. Software companies like EnerNOC come in; they've got a great software. That's going to likely result in the potential for lower megawatts for us in our PJM portfolio. Not sure what specific other information or color you're looking for but I think what we're seeing is as David mentioned; we're seeing an increase in our pipeline, certainly the pipeline of the utility product. Sarah McAuley - Investor Relations. Thank you so much. ", "Tim and Catherine are established titans in their spaces and we are excited to have their advice and experience as Amperon grows into a global company," said Sean Kelly, CEO and co-founder of Amperon. Excluding that acquisition, a small divestiture during the second quarter of last year, and the impact of the completion of our initial Massachusetts Department of Energy Resources contract in the second half of last year, enterprise revenue grew by approximately 14% year-over-year. The last publicly traded U.S. demand response company standing is going private. Packetized Energy provides utilities in the U.S. and Canada with energy flexibility software and IoT solutions and is headquartered in Burlington, Vermont. The plan anticipates a big role for demand side energy efficiency due to its low cost and its potential in every state. 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. Obviously we prefer to see backup generators continue to be a valuable part of the market however so we plan to continue to support the EPA in this regard. Many of you had the opportunity to get to know Gregg over the 10 plus years that he led our sales organizations, so you understand the indelible mark he left on EnerNOC. We just recently received the good news that demand response will be able to participate in the capacity performance transition auctions for the 2016, 2017 delivery years. . So and number two we know that this is new for our investor base as well. Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. 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. EquityNet is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. First, I agree with your assessment that about 80% of what clears in the BRA should be CP. And I would just like to ask first of all, could you talk a little bit about any expectations you have for the PJM auction later this month given the new performance criteria this year? He regularly represents EnerNOC at public utility commissions and the Federal Energy Regulatory Commission, among other forums. Tim Healy's income source is mostly from being a successful Actor. We're finding that as a demand response company we have a unique selling proposition because in many respects you can think of our customer acquisition costs as being lessened by the fact that we can go in there and offer the customer an economic benefit of participating in demand response and engaging in an investment in our Energy Intelligence Software platform at the same time. Published Sep 11, 2017 + Follow Friends, I'm moving. Thats what you need to do as the Founder and CEO of your company. $1 Million - $5 Million. EnerNOC has been struggling on multiple fronts. In addition, Western Australia contributed to the increase due to the introduction of ratable revenue recognition in Q4 of 2014, net of some off peak energy revenue, we earned in Australia in the second quarter of last year. Making sure that our customers experience with our software platform meets and exceeds their expectations, it's critical to ensure we have the opportunity to now expand our business with these early adopters. Enel to Buy EnerNOC for $250M, in Bid for Demand Response and Energy Software Market Share. We've mentioned that we've been shooting for roughly a 3000 megawatt portfolio so this may result when capacity performance is fully in place in the 2020 and 2021 delivery year. A global network that brings together thought leaders to facilitate the energy transition and shape the future of energy. Scott began his career as a software engineer and early employee of Cambridge Technology Partners, a global systems integration and consulting company. By quickly adopting multiple EIS products to serve the energy intelligence needs of all of its business customers, Consumers is operating with a sense of urgency to adapt to the changing landscape and get closer to its customers. Andrew, hi, it's Neil Moses. loss, non-GAAP income and loss per share, free cash flow, and adjusted EBITDA. Prior to EnerNOC, David worked at Beacon Power Corporation (NASDAQ: BCON), a developer of flywheel-based energy storage solutions for grid-scale frequency regulation services and other applications. 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. Boston Properties has rolled out our EIS platform across its actively managed U.S. based portfolio providing the company the visibility it needs to reduce risk drive operational efficiencies and achieve sustained energy savings. U.S. Patent No. For Q3, we anticipate revenue of $224 million to $239 million and adjusted EBITDA in the range of $33 million to $37 million. Weve built a cutting-edge software platform, a cutting-edge go-to-market engine, and an unparalleled opportunity to connect customers with energy opportunities across the globe.. On Slide 4, we show how Boston Properties have scaled the deployment of our software overtime. Throw away 80% of what was just said and find the 20% that has all of the value. That last feature, automating compliance reporting as highlighted in the Boston Properties example has turned out to be an especially popular use case in the wake of significant increases in energy disclosure requirements. With that, I'll turn the call over to Tim. To answer this, Tim solicited feedback from three formerEnerNOCemployees, asking them to share their perspective of what it takes to scale successfully and breed an innovative, collaborative workforce capable of making major impact. 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. Thank you. We will go to the line of Angelica Jarvenpaa and [Operator Instructions]. Tim Healy is aStrategic Advisor for Dynamo Energy Hub. Although there may be fluctuations on a quarterly basis, we generally expect to post negative net churn rates as we expand within our existing customer base. Okay, great. These are non-GAAP financial measures that are not prepared in accordance with generally accepted accounting principles. We haven't repurchased any stock to-date in 2015. Additionally, our performance in Canadian grid operator programs provided a boost to Q2 adjusted EBITDA due to strong margin performance in that market. We continue to cultivate new relationships to bring our products to market. Please go ahead. Amperon is that information hub for the energy transition," said Tim. Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. There, you'll also find a summary statement of operations, a summary balance sheet, and a summary of key financial and operating statistics for the last five quarters. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. Matthew Healy was born in London, England in April 1989. And for Tim Healy and the other founders in attendance, this is clearly the goal for all focused on the cleantech energy transition. 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. Finally, we are excited about the President's Clean Power Plan which was released on Monday. Please go ahead. But it's moving in a pace we would obviously love it to go faster but we like the direction generally its heading. Prior to EnerNOC, Healy worked 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. If you would like to claim this profile, contact us. Tims final words of advice for the event trust your gut. The current estimated net worth of Enernoc Inc's Chairman & CEO, Timothy Healy, is estimated to be about $0 . And so with that, part of what we need to overcome is we need to get the customer to allocate budget. Matthew Healy was born in London, England in April 1989. From compliance reporting, bill processing, and risk management, to scenario planning and project management, our customers are weaving EIS into the fabric of their organizations to ensure better decision making around myriad of new choices they have for managing the energy expense related activities of their organization. "The company is at an exciting stage to shape the market to ensure the energy transition happens correctly. EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q2 2015 Earnings Conference Call August 6, 2015 9:00 AM ETExecutivesChris Sands - Director, IRTim Healy - Chairman & CEODavid Brewster - PresidentNeil. And then lastly, maybe for David, it's good to see Japan expand after I think a couple of years ago you guys first went in there. So I think there is a lot going on in the ecosystem. Please go ahead sir. We are pleased to see the EPA recently file a motion for stay of the DC Circuit Court's mandate regarding backup generators. 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. What's more the complexity and breadth of the energy decisions, these enterprises are addressing with our EIS is growing by the day further solidifying the importance of our software to the organizations. Tim Healy (Timothy Malcolm Healy) was born on 29 January, 1952 in Benwell, Newcastle upon Tyne, is an Actor. His advice: Build a great team with people who complement your thinking. That would keep us on solid financial footing which we believe is the most prudent way to attack the large and nascent EIS market. Excluding the acquisition of Pulse Energy in December of 2014, and the divestiture of our utility consulting business in the second quarter of last year, which largely offset one another, we grew our utility revenue by approximately 3% year-over-year. So I think we are at an interesting point in time but it's probably not, I don't think I'm going to do a good job trying to look at the crystal ball as to what's going to happen. Another Q2 highlight for our utility business was a new contract with a major U.S. energy retailer which has agreed to pilot our utility EIS customer engagement offering. With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. Revenue increased by 65% year-over-year including a doubling of our enterprise revenue and we posted an overall gross margin of 54%. Net churn is an important metric to gauge the success of our land and expand strategy as it measures the change in our ARR exclusively from existing customers from the beginning of a given measurement period. James M serves as REGEN Energys Vice President of Sales. Timothy Healy's largest purchase order was, Enernoc Inc's most recent insider trade came on March 21, 2016 by And then I guess through that process as you're having that conversation, I noted that less than 5% of total enterprise site is subscribing to the full EIS platform. As of 2022, Tim Healy's net worth is $100,000 - $1M. Tim co-founded EnerNOC in 2001 and served as its Chairman and CEO until its sale to Enel in 2017 for over $300M. In the second quarter, we more than tripled the size of our utility pipeline. Boston Properties is among a number of early adopters that are capitalizing on the full power of our software and making it an integral part of their day to day operations. Neil will then follow David with a financial review of the quarter and our outlook for the second half of the year. While our overall presence in Japan remains small, these are positive steps as we look to grow our business in that large market in the coming years. The most active traders at the company are This is a publicly traded company and is listed on NASDAQ: ENOC. And that's exactly what occurred with our enterprise customer count in Q2. Tim Healy CEO at EnerNOC Arlington, Massachusetts, United States . That's the equivalent of 15 peak power plants, which are typically the dirtiest and most expensive to. 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.. Companys expanding advisory board will support business development and strategic partnerships to enable rapid new growth. Cision Distribution 888-776-0942 Under the terms of the acquisition, EnerNOC expects to continue in all its current lines of business, and to incorporate its software and services into Enels growing suite of customer-facing energy services. "I see this not as Enel being eager to take on a turbulent wholesale demand response business and an underperforming SaaS business, but rather as Enel looking for a global platform for growth in C&I energy management, Andrew Mulherkar, GTM Research senior grid edge analyst, said of Thursdays news. As we look to the second half of this year and beyond, we expect many of our early customers to take the next step, renew at increased levels, expand their deals with us and drive more productivity and value for their organizations. In 2013, we repurchased stock under an authorization at that time. Again, we're going to manage a diversified portfolio, this isn't the only place that we're having exciting demand response activity take place. Tim Healy is an experienced executive chairman, CEO, and entrepreneur, with a demonstrated history working in the information technology, energy and managed services industries. 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. One, this is a new enterprise software space and as the leaders in that space, it's up to us to help put this information in context. 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. EnerNOC, the biggest U.S. demand response provider and an important player in energy software, has found a buyer to help with its financial difficulties -- and to put its business to work on a global scale. That reduction was partially offset by our ability to add approximately 100 new subscribers to our enterprise EIS platform. Timothy Healy owns about 1,353,907. Thanks, David, and thank you to everyone participating on the call today. We're thrilled to have him on board. Please go ahead. So, how much is Tim Healy worth at the age of 71 years old? At 69 years old, Tim Healy height is 1.68m . "The energy industry has underinvested in advanced technologies for decades. Christian Weeksalso iterated on the importance of team building, especially in a startup environment. Nov 2022 - Present6 months. 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. On a gross basis, our trailing 12-month churn rate was 18% and on a net basis it was 15%. 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. Allisons background in energy regulation and policy will help amplify our voice in the important regulatory discussions shaping the future of clean 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. His books include Green to Gold, The Big Pivot, and Net Positive. View Tim Healy's profile on LinkedIn, the world's largest professional community. Some interviewees were asked to do a project and then present to the interviewers, giving the hiring team an opportunity to assess team interactions and culture fit. Its mission is to bring AI to global grids in the service of grid reliability, risk management, and sustainability. Thanks, guys. 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. For more information, visit www.packetizedenergy.com. Tim Healy co-founded EnerNOC in 2001 and serves as its Chairman and CEO. So how did he do it? So we -- in the past in the last two years, we have been active in both years in repurchasing our stock. Get in there, ask for a fairly modest sub $100,000 budget commitment that can generally be found in a lot of large organizations, I would just call it unallocated or discretionary budget and then try to get that budget built into or get our Energy Intelligence Software built into the next year's budget.