Enel X

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Enel X
FormerlyEnerNOC
Industry
  • Demand response
  • Energy as a service
  • Energy management software
Founded2017 (2017)[1]
FounderEnel S.p.A[2]
Headquarters
Rome
,
Italy[3]
Area served
Worldwide
Key people
Francesco Venturini, CEO[4]
Products
  • Demand response
  • Energy procurement services
  • Distributed energy resources
  • Energy storage solutions[buzzword]
  • Utility bill management
RevenueIncrease US$472 Million (2014)[5]
Number of employees
2,500+[6]
ParentEnel
Websitewww.enelx.com/n-a

Enel X, formerly EnerNOC, is the largest provider of demand response worldwide and products and services aimed at energy transformation at home, city and industrial level.[7][8] In August 2017, EnerNOC was acquired by the Enel Group.[9]

History[]

Enel X was first established by Timothy G. Healy and David Brewster, as EnerNOC, LLC. The latter was acquired by the Enel Group in August 2017. [10] EnerNOC went public in 2007 on the NASDAQ stock exchange, raising US$98 million.[11][12]

EnerNOC owned numerous subsidiaries around the world. In 2009, EnerNOC bought Cogent Energy and acquired eQuilibrium Solutions.[13] In March, 2010, EnerNOC bought SmallFoot, LLC, a company that makes wireless systems to manage demand for smaller facilities.[14] In late 2010 and early 2011, respectively, EnerNOC announced agreements to acquire Global Energy Partners and M2M Communications.[15]

Since early 2014, EnerNOC acquired five additional companies: Activation Energy, an Irish provider of demand response; Entelios, a German demand response provider; EnTech, a global utility bill management software provider; Pulse Energy, a Vancouver-based provider of utility customer engagement software; and World Energy, an energy procurement software company.[citation needed]

In August 2017, Enel Green Power North America acquired EnerNOC for over $300 million.[9][16] In January 2018, EnerNOC integrated Demand Energy, the provider of the DEN.OS platform for optimizing energy storage and on-site power generation for demand-side management and microgrid deployments, which had been acquired by the Enel Group in January 2017.[17] After the acquisition of EnerNOC, Enel X expanded its services by acquiring companies specialized in the digitization of energy services[18] and by creating partnerships with companies from industries such as automotive,[19] home automation,[20] ITC, and real estate.[21]

The activities carried out in the field of electric mobility led to the installation of charging points throughout Italy.[22] In July 2018, Enel X acquired 21% of Ufinet International, a platform in the ultra-broadband sector in Latin America.[23] In the same period, Enel X expanded in the energy efficiency sector with the acquisition of Yousave.[24] In October 2018, Enel X announced that its subsidiary EnerNOC, Inc. rebranded to Enel X.[25] This operation was followed by the acquisition of Demand Energy (DEN) and eMotorWerks in the United States.[26]

On December 20, 2018, Enel X and Infracapital signed a deal for energy efficiency projects for business customers.[27] In September 2018, progresses on the installation of new charging points in Italy were announced.[28] In January 2019, Enel X became Poland’s 2021 - 2023 demand response leader, with a 70% share in the segment.[29]

In June 2019 Enel X and FCA signed a partnership agreement for the development of electric vehicle projects.[30][31] In October 2019 the company signed a partnership with Hyundai, comprising the possibility of recharging electric vehicles at Enel X public recharging infrastructures.[32] The same occurred with other car manufacturers, such as Audi,[33] PSA [34] and Smart.[35] In January 2020, Enel X took part in the Consumer Electronics Show - CES in Las Vegas.[36]

Notable work[]

In the summer of 2010, EnerNOC contracted with the Tennessee Valley Authority, the nation's largest public power company, for a 10-year, 560 megawatt demand response contract that represented an addition of 400 MW to TVA's existing deployment of approximately 160 MW with Enel X.[37] Enel X has also performed work for the United States Department of Energy.[38]

References[]

  1. ^ "Xconomy: Energy Software Firm EnerNOC Inks $300M Sale to Enel Group".
  2. ^ "Enel X – Replicate Project EU".
  3. ^ "Enel X Srl - Company Profile and News". Bloomberg.com.
  4. ^ "Enel 2018".
  5. ^ "EnerNoc annual report for FY (2014)" (PDF).
  6. ^ "Enel X's Competitors, Revenue, Number of Employees, Funding, Acquisitions & News - Owler Company Profile".
  7. ^ "Mastercard and Enel X to Set Up Fintech-Cyber Innovation Lab in Israel".
  8. ^ "Top Demand Response Providers Ranked by Navigant". Energy Manager Today. Retrieved 19 January 2018.
  9. ^ Jump up to: a b "Enel Group Completes Acquisition of Leading Us-based Provider of Smart Energy Management Services Enernoc". EnerNOC. 7 August 2017. Retrieved 19 January 2018.
  10. ^ "Enel integrates EnerNOC into Enel X brand".
  11. ^ "Market Watch (EnerNOC IPO poers up 20%)". Archived from the original on 16 February 2013. Retrieved 26 June 2012.
  12. ^ "GreenBiz (EnerNOC)". Retrieved 26 June 2012.
  13. ^ Tweed, Katharine. "The Top Five Players in Demand Response". Greentech Media. Retrieved 27 August 2010.
  14. ^ Associated Press (24 March 2010). "EnerNOC buys SmallFoot to expand customer base". BusinessWeek. Archived from the original on 25 October 2012. Retrieved 27 August 2010.
  15. ^ "Archived copy". Archived from the original on 1 October 2011. Retrieved 8 July 2011.CS1 maint: archived copy as title (link)
  16. ^ EnerNOC (22 June 2017). "EnerNOC Enters into an Agreement to be Acquired by the Enel Group for over $300M". GlobeNewswire News Room. Retrieved 2 April 2019.
  17. ^ "ENEL ACQUIRES US-BASED ENERGY STORAGE SOFTWARE AND PROJECT DEVELOPER DEMAND ENERGY". Retrieved 19 January 2018.
  18. ^ "Enel X, la rivoluzione della mobilità elettrica continua".
  19. ^ "Enel X, FCA partner to boost e-mobility in Europe".
  20. ^ "Planet Smart City partners to bring sustainable energy solutions to housing projects - Smart Cities World".
  21. ^ "Partnership's New Charge—Pair EVs with Utilities, Grid".
  22. ^ "Charging stations of Enel X".
  23. ^ "Capacity Media".
  24. ^ "Enel unit to acquire energy efficiency services company Yousave".
  25. ^ "EnerNOC Rebrands to Enel X".
  26. ^ "Enel X and Eaton Team Up on Solar and Storage Microgrid in Puerto Rico – SolarNews América".
  27. ^ "Enel X and Infracapital launch energy services platform for business clients".
  28. ^ "Enel X, è rivoluzione elettrica: 2.500 colonnine di ricarica entro l'anno".
  29. ^ "Enel secures 3rd deal in the 2021-2023 Polish capacity market".
  30. ^ "FCA teams up with Engie & Enel X for charging solutions - electrive.com".
  31. ^ "FCA teams up with Enel X and ENGIE for e-mobility".
  32. ^ "Hyundai and Enel X integrate solutions for EV customers".
  33. ^ "Enel and Audi sign agreement to develop electric mobility services".
  34. ^ "PSA and Enel X together for electric mobility - CarCar.news".
  35. ^ "Smart e Enel X, un matrimonio riuscito - la Repubblica".
  36. ^ "Enel X Launches Next Generation JuiceBox, JuicePump at CES".
  37. ^ "EnerNOC, TVA expand energy program". The Boston Globe. 15 June 2010.
  38. ^ Ricketts, Camille (12 April 2010). "Massachusetts picks EnerNOC to crack down on energy use". VentureBeat. Archived from the original on 15 April 2010. Retrieved 27 August 2010.
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