June 27, 2005 Print Issue 10 Cleantech Companies to Watch: EnerNOC From grid insurance to fuel cells, these companies will deliver tomorrow's clean energy solutions. EnerNOC Two Faneuil Hall Marketplace, 3rd Floor Boston, MA 02109 VITALS: CEO Tim Healy; founded 2001; 25 employees; $10 million in 2 rounds of funding; key investors: Foundation Capital, Draper Fisher Jurvetson, Braemar Energy Ventures, DFJ New England; 1-617-224-9900 EnerNOC is like an insurance policy for the electrical power grid. The company coordinates with energy companies, Independent System Operators, and utilities to manage the demand for electrical power. Because electricity on the grid cannot be efficiently stored, an increase in demand must be matched by an equal increase in supply, or brown-outs will occur. Quickly reducing demand for electricity can contain the problem, prevent cascading blackouts, and save power companies and end users a lot of money. EnerNOC allows companies to sell their capabilities as demand-reducers in case of an emergency. A rock-grinding company, for example, could shut off its heavy machinery and send its workers home for the day and get a reduction credit. EnerNOC plans to turn a profit by the end of this year. Article URL: Click here