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. 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. 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. Thanks, guys. 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. At the end of the second quarter, our EIS platform customers were subscribing to an average of approximately six sites per customer still under 5% of their total sites or overall footprint on average. Carbon Recycling: Microbes, Jet Fuel and Leggings. There are storage companies that we can work with as you saw with Tesla. With that, I'll turn the call over to Neil, to provide a review of our financial results. His net worth has been growing significantly in 2020-2021. 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. During this call, we will refer to non-GAAP financial measures, including non-GAAP income and loss, non-GAAP income and loss per share, free cash flow, and adjusted EBITDA. 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. The rapid growth for demand response market in South Korea as well as our position in that market has been a very positive development. The company is based out of Boston, Massachusetts, US with offices in UK and US. The majority of the World Energy customers are customers that we think are great candidates for our enterprise software offering. Additionally, our performance in Canadian grid operator programs provided a boost to Q2 adjusted EBITDA due to strong margin performance in that market. 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. Tim Healy is an experienced executive chairman, CEO, and entrepreneur, with a demonstrated history working in the information technology, energy and managed services industries. 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.. Thanks. Ned has more three decades of experience in the technology industry as an investment banker, venture capitalist, and senior finance and operations executive. Former EnerNOC Chairman and CEO, Tim Healy, Among New Members of How EnerNOC Is Building Tesla's Batteries Into Its Demand Response "The company is at an exciting stage to shape the market to ensure the energy transition happens correctly. 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. Thank you. These changes require new training and investment right now to ensure we have a highly capable and productive sales force selling our best-in-class EIS products. But it's moving in a pace we would obviously love it to go faster but we like the direction generally its heading. Neil will provide details on our financial results, but from an operating perspective, I like what we achieved in the second quarter. Tim's final words of advice for the event trust your gut. Joan Anderton (m. 2015), Denise Welch (m. 19882012). 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. 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. Our utility ARR declined by $3 million sequentially in the quarter due to the expiration of a demand response contract with a utility in the Southwestern United States. Matthew Healy was born in London, England in April 1989. Q&A: EnerNoc cashes in on 'negative watts' - CNET And when those decisions are put in front of them, the idea of spending a few hundred thousand dollars on information layer to make sure that they're making the right purchase becomes much more of a rounding error than it does a significant budget investment and those rounding errors for us become the way that we can start to achieve the 30% or 40% growth that we're targeting for our enterprise software business moving forward. Tim H co-founded EnerNOC in 2001 and serves as its Chairman and CEO. And in order to do that, what we need to do is achieve the customer success objectives as quickly as possible, meet the customer's expectations, make this a user experience that is best-in-class and in the case of customers that are looking to simply engage with Energy Intelligence Software to drive savings, help them drive those savings. So we certainly have that. Get in with our customers and add the professional services component that we need. And then just lastly one on the repurchases, have you been active year-to-date in repurchases? Amperon Names Tim Healy and Catherine Flax to Join Board of Directors So how did he do it? The EPA requested a stay until May 1, 2016. Since EnerNOC, Tim has dedicated his time to changing the way the world uses energy. Allison Bates Wannop has directed her own consulting and legal practice, focusing on energy law and regulation. 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. 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. Over the last 12 months, we have seen hundreds of progressive enterprises begin to use our software as an energy decision support system. As we sit here today, we expect to be roughly cash flow breakeven in aggregate through 2017 although there will likely be year-to-year fluctuations during that period. He is from . Now let me turn to some personnel developments. 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. Tim Healy (Timothy Malcolm Healy) was born on 29 January, 1952 in Benwell, Newcastle upon Tyne, is an Actor. 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. From September 2000 until October 2010, Adam served as a general partner of Foundation Capital, a venture capital firm. 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. 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 you're probably aware, the third quarter is typically our largest revenue and EBITDA quarter and that remains the case this year. 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. We increased our enterprise ARR by $3 million sequentially to $58 million at the end of Q2 driven principally by new sales of our EIS platform. and Timothy Healy, Chairman & CEO Past employee success and experience seems to indicate so. 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. Healyis an advisor to several area startups and coaches youth soccer. Tim Healy co-founded EnerNOC in 2001 and serves as its Chairman and CEO. If you have an ad-blocker enabled you may be blocked from proceeding. Reflecting on the success of his former employees, Tim noted that when startingEnerNOC, the culture of the company was a priority and very important to both him and his co-founder. EnerNOC Sells to Enel Group for More Than $300 Million - Cooley Thanks Tom, and good morning, everyone. Published Sep 11, 2017 + Follow Friends, I'm moving. Tim Healy - Net Worth April 2023, Salary, Age, Siblings, Bio, Family 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. Before that, he co-founded InterSense, Inc., a 3D visualization technology company. Tim Healy CEO at EnerNOC Arlington, Massachusetts, United States . We talked about a little bit of it. And as I mentioned, I think demand response's value in the marketplace is set to increase over the next five to 10 years. degree from Northwestern Law and a B.A. For the full-year, we are maintaining our outlook despite our better than expected second quarter results. I wanted to make sure that my co-founder and I felt very collaborative and that we instilled this culture of collaboration at EnerNOC.. We had a net reduction in former World Energy procurement customers of approximately 200 as we let relationships with smaller enterprises that were not long-term strategic fits for our enterprise offerings come to an end. Today, EnerNOC is one of the world's leading energy intelligence software providers, conducting business in over 100 countries with a team of . In essence, the court felt that the EPA did not adequately justify raising the limit from 15 hours to 100 hours per year. No securities transactions are executed or negotiated on or through the EquityNet platform. I would now like to introduce you to your host for today's call, Mr. Chris Sands, EnerNOC's Director of Investor Relations. For Q3, we anticipate revenue of $224 million to $239 million and adjusted EBITDA in the range of $33 million to $37 million. tim healy enernoc net worth 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. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. 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. 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. In addition, you will find a slide deck that we will reference during the call as a supplement to our prepared remarks. In the last year, insiders at Enernoc Inc have sold an estimated value of $36.77M The business case for our solutions is very strong with them as they are keenly focused on reducing our customer acquisition costs and churns. If you would like to claim this profile, contact us. The transaction is expected to close in Q3. Happy to do so. Today, EnerNOC is one of the world's largest full-service energy management providers with over 700 employees and operations in the United States, Canada, the United Kingdom, Australia and New Zealand. We don't know what other demand response providers are thinking at this point. Former EnerNOC Chairman and CEO, Tim Healy, Among New We are pleased to see the EPA recently file a motion for stay of the DC Circuit Court's mandate regarding backup generators. Where Will DOE's Loan Program Make the Next Climate Tech Investments? It explicitly lists demand response and energy efficiency as qualified measures to reduce emissions. This is truly a bittersweet move because Eric is succeeding our long-time Head of Sales, Gregg Dixon. For more information, visit www.packetizedenergy.com. Adam also worked at technology innovators Apple Computer, Lucasfilm, and Sony in engineering and management capacities. Sites is another way to think of other software companies' seat licenses model. 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 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. 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. Im thrilled to welcome Tim and Allison to our advisory board. We view this as a normal course corporate activity and I would like to remind you and emphasize that our top capital deployment priority remains investing in the growth of our enterprise and utility EIS business. Throw away 80% of what was just said and find the 20% that has all of the value. Another key takeaway is within the hiring process. Tim co-founded EnerNOC in 2001 and served as its Chairman and CEO until its sale to Enel in 2017 for over $300M. Amperon is this perfect blend of Silicon Valley meets Houston meets Wall Street to bring modern AI to the energy industry," said Catherine. degree from Northwestern Law and a B.A. Our first question today comes from the line of Brian Sussex [ph]. Good morning. Net Worth in 2023: $1 Million - $5 Million: Salary in 2023: Under . Nov 2022 - Present6 months. You may recollect that on last quarter's call, we noted that customer and site counts could decline as we right-size our portfolio following the significant increase in customers and sites that accompanied the World Energy Solutions acquisition. More recently, EnerNOC was recognized with a 2012 Platts Global Energy Award for Industry Leadership, and Tim H was honored as CEO of the Year by the Massachusetts Technology Leadership Council. He is from . The company was founded in 2001 by Tim Healy and David Brewster. 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.

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