In its core U.S. demand response business, it has had to contend with legal threats, market changes, and increasing competition. In particular, how do you think the competitive landscape will change versus a year ago? Appreciate all the detail you gave on your thoughts on the PJM auction. It doesn't limit us interestingly enough in working with other types of distributed energy companies. What about within demand response? This deal exemplifies the transformation that is underway in the utility industry. His advice: Build a great team with people who complement your thinking. Contact:Eugene HuntTrevi Communications, Inc.978.750.0333 x.101gene@trevicomm.com. "After my first board meeting at EnerNOC, I had people giving me 10-20 ideas on what we should do. Q2 GAAP net loss was $19 million or $0.66 per diluted share compared to a net loss of $27 million or $0.96 per diluted share in the second quarter of 2014. 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. In total, Timothy Healy has made about 24 transactions over 2 years of their time at Enernoc Inc. In the last 2 years at Enernoc Inc, Timothy Healy has sold an estimated value of $14.24M worth. Prepare for due diligence questions by interested investors and use your Business Plan and investment documents to satisfy such requests. 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. 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. EnerNoc's technology-enabled energy management solutions help meet the needs of utilities/grid operators that deliver energy and are responsible for maintaining the real-time balance between supply and demand. He served for over 16 years as Chairman and CEO of EnerNOC, providing energy. At this time all participants are in a listen-only mode. from Harvard, she previously served as Special Counsel to the Vermont Department of Public Service. Ladies and gentlemen, that does conclude our conference for today. And then any guess as to what kind of price separation we might see for this megawatts that don't qualify for CP? 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. 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. We seek to become ingrained in the fabric of our customers' organizations much in the way customer relationship management, enterprise resource planning, and human capital management systems are today. The results of taking the time to focus on people, culture and collaboration are evident and invaluable the speakers all noted low turn-over, fantastic people and innovative solutions. Ladies and gentlemen, good morning. 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. In the last year, insiders at Enernoc Inc have sold an estimated value of $36.77M Under his leadership, 35 of his employees have gone on to become CEOs of their own companies. Recall that Eric joined us in January to run our enterprise sales team having spent the previous 15 years in sales leadership positions at EMC and his prowess of developing and managing an enterprise sales force was evident from the get-go. Today, EnerNOC is one of the world's leading energy intelligence software providers, conducting business in over 100 countries with a team of . Tim Healy - Chairman and Chief Executive Officer. We are asking for customers to make a budget for this as opposed to carve out room in an existing budget because as we mentioned, we're in a new category. Please go ahead. And so you look at your top five, top 10 system integrators throughout the world and you're seeing them start to make investments and what's going on here at EnerNOC is those are conversations that are taking place that are looking very fruitful for us moving forward as well as system integrators can help us bring our product to market, they can get big system integrator contracts and we can get our software deployed and the customer more successful, more quickly. Welcome to our second quarter 2015 conference call. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. Before Energy Intelligence Software was a part of the vernacular, I think most customers didn't think of energy as one that was characterized by a lot of energy decision-making or a lot of decision-making activity. As Catherine said, "Not having tools like Amperon for market participants is like having your hands tied behind your back.". But it's moving in a pace we would obviously love it to go faster but we like the direction generally its heading. . "Grids are more volatile than ever, and the energy industry needs a trusted source of insights to manage risk and prevent blackouts. Good morning. We had a free cash outflow in the quarter of $8 million, comprised of an operating cash outflow of $5 million, and capital spending of $6 million, net of $3 million of cash generated from the sale of an asset. Users who follow these tips increase their fundraising odds substantially. He servedforover 16 years as Chairman and CEO of EnerNOC, providingenergy intelligence anddemand response solutions to utilities, grid operators and enterprises. 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. Posted companies are not necessarily seeking funding. Also, in May, 2007, the mother met Robert Katzman, a Federal Bureau of Investigation (FBI) agent living in . Andrew, hi, it's Neil Moses. One final thought before turning it back over to Chris for Q&A. Tim recalled a conversation during the early days of starting EnerNOC, when a new employee disclosed some uncertainty in their career choice to work at the cleantech start-up. | 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. This requires a level of discovery and education that is less familiar to EnerNOC but not to Eric. 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. Yes, we're happy to do that. I would say that is one of the things that has changed the most dramatically over the last 12 or 15 months, the pace of activity as well as just the quantity of activity and the real business that's being developed from that is very encouraging. 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? So, how much is Tim Healy worth at the age of 69 years old? Use the Activity system to track interested investors, and send prompt follow-up messages to investors who viewed your profile or showed interest. As of 2022, Tim Healy's net worth is $100,000 - $1M. "Not having tools like Amperon for market participants is like having your hands tied behind your back. Under his leadership, EnerNOC grew from a startup to an international leader in energy management, with nearly $500 millionin annual revenues, before being acquired by Enel Green Power North America in 2017. Thank you for standing by, and welcome to EnerNOC's Second Quarter 2015 Conference Call. 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. 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. Our first question today comes from the line of Brian Sussex [ph]. Many organizations don't yet know that they need energy intelligent software let alone have identified economic buyers or budget for it. We've been able to meet our initial deployment objectives, our initial product development objectives and now we're in the go to market phase with Sun Power. $60.11K . In the U.S., rival demand response provider Comverge was recently acquired for $100 million by smart meter giant Itron for $100 million. His books include Green to Gold, The Big Pivot, and Net Positive. Tim's final words of advice for the event trust your gut. Entering text into the input field will update the search result below. And as I mentioned, I think demand response's value in the marketplace is set to increase over the next five to 10 years. Sure, John. 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. 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. 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. 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. 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. Capacity performance was approved; it will be introduced in the upcoming BRA for the 2018, 2019 delivery year. They want everything -- and most of all, they want our people, Healy said of Enels acquisition plans. 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. EquityNet receives no compensation in connection with the purchase or sale of securities. HOUSTON, Aug. 10, 2022 /PRNewswire/ -- Amperon Holdings, Inc., the leader in AI-powered grid forecasts, today announced Tim Healy and Catherine Flax as the newest members to join the board of directors and help position Amperon as the grid analytics platform for the energy transition. In addition, you will find a slide deck that we will reference during the call as a supplement to our prepared remarks. Did it work? This is a community-generated profile. I know that it can be confusing to some investors what all of this means. There is a single nomination for two baselines, summer and winter. If you would like to claim this profile, contact us. Joan Anderton (m. 2015), Denise Welch (m. 19882012). I know that traditionally we have differentiated ourselves to customers, to utilities and in many respects to grid operators who acknowledge that EnerNOC has always led the pack in terms of its technical capabilities, in terms of its customer flexibility and the like. Finally, we are excited about the President's Clean Power Plan which was released on Monday. And for Tim Healy and the other founders in attendance, this is clearly the goal for all focused on the cleantech energy transition. I wanted to make sure that my co-founder and I felt very collaborative and that we instilled this culture of collaboration at EnerNOC.. Tim Healy CEO at EnerNOC Arlington, Massachusetts, United States . and Timothy Healy, Chairman & CEO 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. In addition to holding a number of executive roles in software companies throughout his career, Gary is a long serving Board member of Aspen Technology, and we believe the insights he gained overseeing Aspen's transformation to a subscription software model will be valuable as we scale our SaaS business. And so with that, part of what we need to overcome is we need to get the customer to allocate budget. 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. I just said, in some case, there is typical barrier is the budget. 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. But Alex noted its not just about finding the perfect invention to take to market that makes an entrepreneur successful. These statements are subject to risks and uncertainties, and involve a number of factors that could cause the actual results to differ materially from those expressed or implied. On Slide 4, we show how Boston Properties have scaled the deployment of our software overtime. If I help bridge that gap, that could be worthwhile.. 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. Carbon Recycling: Microbes, Jet Fuel and Leggings. Yes, we are excited about what Eric brings to the equation. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. And if so, how should we think about your desire to buy back stock despite not generating free cash flow? With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. 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. Our next question comes from the line of John Quealy. She is currently President of X Machina Capital Strategies, an energy-focused private equity firm, and is on the advisory board for ISO New England, Inc. She served multiple roles at J.P. Morgan, first as CEO of Global Commodities EMEA and subsequently as Chief Marketing Officer. Last month marked a one-year mark of the launch of our enterprise EIS platform and I'm encouraged by the traction we're seeing in this nascent but rapidly growing market. "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. And now I think in a lot of organization's minds they see the amount of energy decisions increasing and they see the cost component of their operational expenses that are related to energy being very much a variable costs that should involve active management. 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. Christian Weeks is CEO at enVerid Systems, a company which makes air purification and efficient HVAC modules, after having spent nearly 10 years atEnerNOC. We think that there is an information layer that's going to be important to any number of distributed energy companies, companies that are trying to offer a fully integrated distributed energy resource or a fully integrated new energy contract for customers will continue to be a target of some of our partnering and business development efforts. In the second quarter, we generated $73 million of total revenue which was 65% higher year-over-year with growth in all three areas of our business. Analyze up to 10 years of full 10K Annual Reports and Quarterly 10Q SEC filings for Enernoc Inc (ENOC) using our online tools. Upload and present any other important investment documents such as pitch decks, financial statements, and offering materials. 2023 Greentech Media or its affiliated companies. Throw away 80% of what was just said and find the 20% that has all of the value. Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. The company went public in 2007.