"After my first board meeting at EnerNOC, I had people giving me 10-20 ideas on what we should do. from 8 AM - 9 PM ET. 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. We started a year ago and standing still in Korea and it's now accelerated to our third largest market internationally and continues to scale very nicely and we really like the scale and pace of that market and our position in that market as well. degree from Northwestern Law and a B.A. He was hired atEnerNOCstraight out of his MBA program at MIT. In 2007, he led EnerNOC's initial public offering, which was named IPO of the Year by the Association for Corporate Growth Boston and Mass High Tech magazine, and received the Ernst & Young Entrepreneur of the Year Award in New England. 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. 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 units of Enernoc Inc common stock. Several of our enterprise customers are already heading down this path and have made the leap to widespread adoption of our software. 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. "The company is at an exciting stage to shape the market to ensure the energy transition happens correctly. From September 2000 until October 2010, Adam served as a general partner of Foundation Capital, a venture capital firm. Of the approximately 79,000 total enterprise sites at the end of the second quarter, less than 5% were subscribing to our full EIS platform, demonstrating the significant expansion opportunity within our existing customer base that Tim noted earlier. And as I mentioned, I think demand response's value in the marketplace is set to increase over the next five to 10 years. Former EnerNOC Chairman and CEO, Tim Healy, Among New Since taking over during the second quarter, Eric has reorganized our sales force and revamped our sales process to make sure that we have the right people going to market, selling our platform in an effective way. Tim co-founded EnerNOC in 2001 and served as its Chairman and CEO until its sale to Enel in 2017 for over $300M. First, I agree with your assessment that about 80% of what clears in the BRA should be CP. 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. But added up, it can make a big difference: EnerNoc now has 1,500 megawatts under management. What's more, its combination of demand response with software for energy procurement and management covers both utility-facing and customer-facing parts of the revenue equation. A bright spot was the net churn rate for the EIS component of our utility ARR which was a double-digit negative percentage indicating that we continue to expand our presence with those products with existing utility customers. And don't get me wrong, delivering cost savings is an important benefit of our software but we're finding customers are just as excited about the business productivity gains and improved risk management strategies that our EIS platform delivers. David Brewster, President, Allison Bates Wannop has directed her own consulting and legal practice, focusing on energy law and regulation. Find great partners who compliment your strengths, support you when times are tough, and help you get through it. Hudson Gilmer, CEO and Co-Founder of LineVision. How EnerNOC Is Building Tesla's Batteries Into Its Demand Response Sure, Monika, I think we're starting for as much valuable and transparent information that we can disseminate as possible because we recognize a couple of things. Insider trading is most common in March, with the busiest year in 2016. While the focus of Tims roundtable was on scaling cleantech companies, what was most apparent and favoured by the group was Tims passion to influence a new generation of entrepreneurs in cleantech to make a dramatic difference in addressing the most pressing challenge of our time climate change. And Neil, while I have you, thanks for the description on the churn on the World Energy folks. There is obviously still a lot of turf between here and when those rules are enacted if they're enacted. Tim. So we certainly have that. Prior to forming New Atlantic Ventures and its predecessor, DFJ New England, Scott was the East Coast partner of the Cambridge Technology Capital Fund, cited by Venture Economics as one of the top performing post-IPO funds of 1999, where he oversaw investments in E.piphany, Silknet, Digital Think, and WebLogic. Turning now to some of the metrics we are using to track the development of our software business, I will begin on Slide 5, with our enterprise business where we ended the quarter with approximately 4,300 customers and approximately 79,000 sites. Tim Healy - ETS@chicago | Energy Thought Summit EnerNOCwas noted for having a process which utilized a cross-functional team to participate in the interviews. After my first board meeting at EnerNOC, I had people giving me 1020 ideas on what we should do. The healthy pipeline has led many analysts to tag EnerNOC's shares as undervalued. 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. Many organizations don't yet know that they need energy intelligent software let alone have identified economic buyers or budget for it. Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. Our first question today comes from the line of Brian Sussex [ph]. EnerNOCs global access to an estimated 24 gigawatts of C&Iload resources across North America, Asia, Europe, Australia and New Zealand could certainly help it on this front. He is a member of famous Actor with the age 69 years old group. Entering text into the input field will update the search result below. Former EnerNOC Chairman and CEO, Tim Healy, Among New Members of Shifting gears to our grid operator business, we continue to execute on our strategy to diversify our grid operator revenue through international expansion and we're excited about the progress we've made in South Korea which is expected to be our third largest international market this year. His advice: Build a great team with people who complement your thinking. 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. Packetized Energy Tim Healy Net Worth. The first question is could you may be provide details on the bundling arrangement with Sun Power which you talked about? Tims final words of advice for the event trust your gut. The company went public in 2007. I think the other place that we're finding is we are finding that when we discover that customers are already operating on Microsoft Office and they are using Excel spreadsheets to do work and that's where we can come in and talk about the productivity gains and show the types of return on investment, return on their time component that then builds those internal champions. And meanwhile, as I mentioned, South Korea has sort of leapfrogged Japan. 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.. So I think this becomes probably less and less a focal point of the company in the years to come but nevertheless appreciate your question. Enel's press release calculates the offer's value at about $250 million, excluding debt, while EnerNOCs press release added this debt to yield an enterprise value of more than $300 million. Okay, great. In 2013, we repurchased stock under an authorization at that time. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. I know that it can be confusing to some investors what all of this means. Amperon Names Tim Healy and Catherine Flax to Join Board of Directors Enel to Buy EnerNOC for $250M, in Bid for Demand Response and Energy Software Market Share The last publicly traded U.S. demand response company standing is going private. 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. I just think that the one added element is that we are not in there with existing budgets saying that we are coming with a solution that's better, cheaper, faster, and in the cloud. We increased our international revenue by 55% year-over-year to $21 million in the quarter. 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.. This deal also illustrates the importance of the utility vertical for EnerNOC and the mutually beneficial relationship we can have with our utility partners. Happy to do so. One final thought before turning it back over to Chris for Q&A. "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. Tim Healy Energy and Technology Executive; Former EnerNOC Chairman & CEO; Board Of Directors at Powin, Amperon, Recurve, and Micatu, Inc. Users who follow these tips increase their fundraising odds substantially. Companys expanding advisory board will support business development and strategic partnerships to enable rapid new growth. degree from Northwestern Law and a B.A. We've highlighted on multiple occasions our land and expand strategy in the enterprise EIS market. Enterprise gross margin in the quarter was roughly 63%, up from approximately 60% in Q1, and 47% in the second quarter of 2014. And then just lastly one on the repurchases, have you been active year-to-date in repurchases? 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. Q&A: EnerNoc cashes in on 'negative watts' - CNET Timothy Healy who bought, In the last year, insiders at Enernoc Inc have sold an estimated value of, Mailing address is C/o Enernoc, Inc. 75 Federal Street, Suite 300 Boston MA 02110 MA. 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. And how does the kind of the payment structure work and would you look to work with other solar companies such as may be Sun Edison for solar who are also involved in big commercial projects? We thank you for your participation and using the AT&T Executive Teleconference. Prior to joining Foundation Capital, Adam was president of Excite@Home's 1,400-person Subscriber Networks division, as well as co-founder, president, and CEO of Catapult Entertainment. Throw away 80% of what was just said and find the 20% that has all of the value. Thank you. Specifically, Enel intends to put EnerNOC to work as a foundational element of the E-Solutions business it launched last month. Tim H co-founded EnerNOC in 2001 and serves as its Chairman and CEO. 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. They were all great ideas but apply the 80/20 rule. Matthew Healy was born in London, England in April 1989. 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. Tim Healy CEO at EnerNOC Arlington, Massachusetts, United States . As a reminder, ladies and gentlemen this conference is being recorded. With customers that are looking for us to help them with their compliance reporting, make sure that we're doing that in an accurate fashion. In the last 2 years at Enernoc Inc, Timothy Healy has sold an estimated value of $14.24M worth. Prior to Lighthouse, Ned held various senior management positions at Avid Technology from 1993 to 1999, including General Manager of the Office and Consumer Group, Senior Vice President of Business Development, and Treasurer. Ladies and gentlemen, that does conclude our conference for today. So to us it's prove out that this is an area that they should be allocating budget, get the budget, build a champion inside and then make sure that the economic buyer and the champion are aligned as to what the goals are that we're going to achieve and that we're achieving those goals. We appreciate your interest in the company and we took another important step in our transformation during the second quarter, we're extremely excited about the growth that lies ahead of us and we look forward to keeping you informed about progress and speaking again at the end of Q3. One last word in the market before I turn it over to David, on our last call we told you about the importance of developing an ecosystem around EIS and highlighted our partnerships with Sun Power and Tesla as a couple of early examples. This is a publicly traded company and is listed on NASDAQ: ENOC. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. We continue to cultivate new relationships to bring our products to market. We don't know what other demand response providers are thinking at this point. Our existing relationship with Consumers covered a pilot under which consumers subscribed to our utility EIS product to engage its small and medium business customers. As my follow-up if I may, what role do you think demand response will play and how different states will end up complying with the new EPA carbon regulations? GAAP diluted earnings per share is expected to be in the range of $0.47 to $0.57 and non-GAAP diluted earnings per share is expected to be in the $0.80 to $0.91 range. This company profile was made possible because of our partnership with Crunchbase. We are pleased to see the EPA recently file a motion for stay of the DC Circuit Court's mandate regarding backup generators. This requires a level of discovery and education that is less familiar to EnerNOC but not to Eric. How EnerNOC is Evolving Smart Grids and Building Energy Management Thank you. 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. Please go ahead. Prior to EnerNOC, Tim 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. The current estimated net worth of Enernoc Inc's Chairman & CEO, Timothy Healy, is estimated to be about $0 . Now let me turn to some personnel developments. You will find a detailed reconciliation of our third quarter and full-year guidance at the end of the press release we issued this morning. Amperon is that information hub for the energy transition," said Tim. and bought an estimated value of $2.75M worth of shares. Eric is looking at exactly what the right structure is with me of that sales team. He servedforover 16 years as Chairman and CEO of EnerNOC, providingenergy intelligence anddemand response solutions to utilities, grid operators and enterprises. The company, which went public in 2007, announced in March that it was reviewing strategic alternatives, including selling some or all of its businesses, to manage its current financial challenges. 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. 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. As Catherine said, "Not having tools like Amperon for market participants is like having your hands tied behind your back.". 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. Bye for now. Timothy Healy usually trades in March, with the busiest year in 2016. A global network that brings together thought leaders to facilitate the energy transition and shape the future of energy. Great, that's helpful. Prepare for due diligence questions by interested investors and use your Business Plan and investment documents to satisfy such requests. EnerNOC Sells to Enel Group for More Than $300 Million - Cooley We believe that the competitive energy retailers are particularly attractive segment of the utility market for our solutions. All rights reserved. Earlier this week our board authorized a $50 million share repurchase authorization to replace our existing authorization that expires next week. ", Catherine, former executive at J.P. Morgan and current board member of the regional transmission organization ISO New England, Inc, knows the importance of accurate data in this space. So I think there is a tremendous amount of low hanging fruit. 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. As we previously highlighted, the rapidly evolving utility landscape is creating a unique opportunity for EIS and we continue to see progress as we go to market with our offerings.

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