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Energy efficiency company EnerNoc said today it has acquired privately held Global Energy Partners, a move which gives EnerNoc a bigger national presence.
Boston-based EnerNoc provides demand-response and energy management services to commercial and industrial businesses.
EnerNoc's demand-response services are run from a network operations center in Boston.
(Credit:Martin LaMonica/CNET)
Companies get paid a monthly fee for being ready to turn down energy consumption during peak times. Utilities contract with EnerNoc when they need to lower demand, an approach that is typically more cost effective than turning on more power generators.
Global Energy Partners is in the same businesses as EnerNoc but it has or continues to work with utilities in the western U.S., including Pacific Gas & Electric in California and the Bonneville Power Administration in the northwest U.S. Financial terms of the acquisition were not disclosed.
Managing demand-side resources through demand response programs is becoming a bigger percentage of grid operators planning schedules. Rather than plan for construction of new power plants, grid operators PJM, for example, expects reductions in demand to account for about seven percent of its planned capacity in next few years.
EnerNoc, which is one of the fewgreen-tech start-ups to successfully go public, has acquired a few smaller companies over the past two years to expand.
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Boston-based EnerNoc provides demand-response and energy management services to commercial and industrial businesses.
EnerNoc's demand-response services are run from a network operations center in Boston.(Credit:Martin LaMonica/CNET)
Companies get paid a monthly fee for being ready to turn down energy consumption during peak times. Utilities contract with EnerNoc when they need to lower demand, an approach that is typically more cost effective than turning on more power generators.
Global Energy Partners is in the same businesses as EnerNoc but it has or continues to work with utilities in the western U.S., including Pacific Gas & Electric in California and the Bonneville Power Administration in the northwest U.S. Financial terms of the acquisition were not disclosed.
Managing demand-side resources through demand response programs is becoming a bigger percentage of grid operators planning schedules. Rather than plan for construction of new power plants, grid operators PJM, for example, expects reductions in demand to account for about seven percent of its planned capacity in next few years.
EnerNoc, which is one of the fewgreen-tech start-ups to successfully go public, has acquired a few smaller companies over the past two years to expand.
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