EnerNOC sets IPO terms

EnerNOC, Inc. (Boston, MA) has set the terms of their upcoming initial public offering for 3.75M shares at a target price of $21-23.
During my visit at Embedded Systems Conference, Steve Nguyen of Echelon mentioned EnerNOC as one of the up-and-coming companies in mananging commerical and industrial energy consumption. They do this using intelligent technologies such [...]

By Don Dingee, Editorial Director
May 3rd, 2007
EnerNOC, Inc. (Boston, MA) has set the terms of their upcoming initial public offering for 3.75M shares at a target price of $21-23.During my visit at Embedded Systems Conference, Steve Nguyen of Echelon mentioned EnerNOC as one of the up-and-coming companies in mananging commerical and industrial energy consumption. They do this using intelligent technologies such as LonWorks and Pxyos to enable networks of managed devices. From the EnerNOC website:
Demand response, the voluntary reduction of electric demand at the end-use customer level in response to electric grid instability or high wholesale electricity prices, substantially lowers peak demand and helps stabilize the grid.
In our print Spring/Summer issue of Industrial Embedded Systems coming later this month, we’ve taken a look at the topic of Design for Energy Efficiency. We’ll be watching this IPO and other developments closely.Disclaimer: I’m not on the “friends and family” list for this IPO.

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