Scaling Successfully: Cleantech Roundtable with Tim Healy With a primary focus on market development, inclusive of regulatory and government affairs, utility solutions, and international development, David has taken an active role in helping to shape domestic and international demand-side markets. If you would like to claim this profile, contact us. Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. 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. It doesn't limit us interestingly enough in working with other types of distributed energy companies. Specifically, Enel intends to put EnerNOC to work as a foundational element of the E-Solutions business it launched last month. degree from Northwestern Law and a B.A. As of 2022, Tim Healy's net worth is $100,000 - $1M. So I think overall it's one more factor. Joan Anderton (m. 2015), Denise Welch (m. 19882012). We expect the decision by the end of that session, but we're not handicapping any timeframe before that. But EnerNOC CEO Tim Healy said in a Thursday interview that the sale to Enel is a validation of our strategy in the marketplace. As my follow-up if I may, what role do you think demand response will play and how different states will end up complying with the new EPA carbon regulations? Our next question comes from the line of Monika Garg with Pacific Crest. The business case for our solutions is very strong with them as they are keenly focused on reducing our customer acquisition costs and churns. U.S. Patent No. And it makes me really proud. Tim Healy. I would like to begin by discussing some recent highlights which you can see on Slide 3. 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. If granted, the stay would help ensure grid reliability through this summer and next winter and provide an opportunity for the EPA to address the Court's decision through a revised rule. Where Will DOEs Loan Program Make the Next Climate Tech Investments? Christian Weeksalso iterated on the importance of team building, especially in a startup environment. We believe this is the prudent course given the size of the third quarter relative to the full year. An even more recent leadership development was the appointment of Gary Haroian to our Board of Directors. A lot of how we do that is the land and expand strategy that I referred to, get in there with a modest ask initially of a low penetration of sites. degree from Northwestern Law and a B.A. 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. Resources, it will be price-sensitive as you might imagine and I don't think that's telling anyone anything that they are not expecting. So I think this becomes probably less and less a focal point of the company in the years to come but nevertheless appreciate your question. This company profile was made possible because of our partnership with Crunchbase. With a J.D. Under the terms of the acquisition, EnerNOC expects to continue in all its current lines of business, and to incorporate its software and services into Enels growing suite of customer-facing energy services. Please disable your ad-blocker and refresh. 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. ", "Tim and Catherine are established titans in their spaces and we are excited to have their advice and experience as Amperon grows into a global company," said Sean Kelly, CEO and co-founder of Amperon. . Timothy Healy's largest purchase order was, Enernoc Inc's most recent insider trade came on March 21, 2016 by As a reminder, ladies and gentlemen this conference is being recorded. Im thrilled to welcome Tim and Allison to our advisory board. The healthy pipeline has led many analysts to tag EnerNOC's shares as undervalued. A global network that brings together thought leaders to facilitate the energy transition and shape the future of energy. Understanding the legal framework at a statewide regulatory level is critical to supporting the innovation needed to move toward a clean energy grid, says Wannop. And that's exactly what occurred with our enterprise customer count in Q2. I guess the magnitude of changes that are occurring and now you are measuring the timing and efficacy of those changes? ", Catherine, former executive at J.P. Morgan and current board member of the regional transmission organization ISO New England, Inc, knows the importance of accurate data in this space. 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. Many organizations don't yet know that they need energy intelligent software let alone have identified economic buyers or budget for it. 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. In the second quarter, we more than tripled the size of our utility pipeline. Tim Healy - Board Member - Recurve | LinkedIn They've been very successful and have a great management team. 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. So with that, let me turn the call over to David. What about within demand response? 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. 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. Revenue increased by 65% year-over-year including a doubling of our enterprise revenue and we posted an overall gross margin of 54%. Tim H co-founded EnerNOC in 2001 and serves as its Chairman and CEO. 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. His net worth has been growing significantly in 2022-2023. For more information, visit www.packetizedenergy.com. Sarah McAuley - Investor Relations. and Timothy Healy, Chairman & CEO You need to be prepared for the longer journey and dont go alone. Do not respond to or engage any parties outside of EquityNet that are not listed as approved investors (this may happen due to your public profile and LinkedIn connections). Alex Wright-Gladstein worked at EnerNOC for five years post college and has since gone on to co-found Ayer Labs, which makes high bandwidth and energy energy efficient silicon computer chips while getting her MBA. Enel has been acquiring companies to get there, starting with Demand Energy in January, and now EnerNOC. With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. I'll also note that the Tesla pilot is underway with a handful of installations completed in California and we're excited to begin using energy storage for both demand response and demand management at these sites to prove out what we believe will eventually be a very large market. Also learn how He earned most of networth at the age of 68 years old? With the new deal, Consumers will augment its software relationship with EnerNOC by reselling our enterprise EIS professional packages to Consumers large commercial and industrial customers. Although there may be fluctuations on a quarterly basis, we generally expect to post negative net churn rates as we expand within our existing customer base. Those that are looking for utility bill management help, make sure that we get into make what is a very painful comprehensive process, make that as painless as possible. Take others advice but most importantly, make sure you find the pieces in that advice that work for you and your company.-Tim Healy, former Chairman and CEO of EnerNOC (now Enel X), and newly announced advisor to Dynamo Energy Hub. The plan anticipates a big role for demand side energy efficiency due to its low cost and its potential in every state. Allison Bates Wannop has directed her own consulting and legal practice, focusing on energy law and regulation. Im looking forward to helping Packetized Energy bring those insights directly to regulators and decision-makers.. In total, Timothy Healy has made about 24 transactions over 2 years of their time at Enernoc Inc. Yes, John, it's Neil. This deal like most pilots is relatively small to start though we believe it has strong potential to scale and we're well underway delivering value to consumers. Tim Healy CEO at EnerNOC Arlington, Massachusetts, United States . Thank you. Contact:Eugene HuntTrevi Communications, Inc.978.750.0333 x.101gene@trevicomm.com. Tim Healy Title: CEO and founder, EnerNOC Inc. Education: Bachelor's degree, government and economics, Dartmouth College, 1991; MBA, Tuck School of Business, Dartmouth, 2002 T im Healy. We thank you for your participation and using the AT&T Executive Teleconference. Tim Healy (Timothy Malcolm Healy) was born on 29 January, 1952 in Benwell, Newcastle upon Tyne, is an Actor. Enernoc Inc's most recent insider trade came on March 21, 2016 by Im thrilled to welcome Tim and Allison to our advisory board. I know that it can be confusing to some investors what all of this means. Its mission is to bring AI to global grids in the service of grid reliability, risk management, and sustainability. He has recently served as an executive advisor to Blackstones Energy group and to Kepler Energy, and is a strategic advisor toinBalance. Capacity performance was approved; it will be introduced in the upcoming BRA for the 2018, 2019 delivery year. Thanks, Chris, and thank you to everyone on the call for joining us this morning. He served for over 16 years as Chairman and CEO of EnerNOC, providing energy. 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. loss, non-GAAP income and loss per share, free cash flow, and adjusted EBITDA. from 8 AM - 9 PM ET. It is our intention as we've mentioned to continue to diversify the portfolio. Those auctions are going to allow market participants to replace some level of existing obligation for those years with capacity performance product. Enel's press release calculates the offer's value at about $250 million, excluding debt, while EnerNOCs press release added this debt to yield an enterprise value of more than $300 million. 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. Catherine and Tim are the latest additions to Amperon's board, rounding out a highly experienced team that includes Michael D'Aurizio, Investment Director at HSBC Climate Tech Venture Fund, as well as founders Abraham Stanway and Sean Kelly. EquityNet is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. So to us it's prove out that this is an area that they should be allocating budget, get the budget, build a champion inside and then make sure that the economic buyer and the champion are aligned as to what the goals are that we're going to achieve and that we're achieving those goals. If I help bridge that gap, that could be worthwhile.. Of the approximately 79,000 total enterprise sites at the end of the second quarter, less than 5% were subscribing to our full EIS platform, demonstrating the significant expansion opportunity within our existing customer base that Tim noted earlier. The site reduction associated with right-sizing activity in the quarter was more than offset by the addition of approximately 8,000 utility bill management sites related to the U.S. expansion of a large retail customer that we mention on last quarter's call. GTM Research analyst Elta Kolo noted that Enels 2017-2019 strategic plan pointed to a customer focus, specifically highlighting the future offerings in demand response services. As Chris mentioned, I'm joined on today's call by David and Neil, and at the conclusion of my remarks, which will focus primarily on our Enterprise Software business, David will update you on our Utility Software business and grid operator business. EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q2 2015 Earnings Conference Call August 6, 2015 9:00 AM ETExecutivesChris Sands - Director, IRTim Healy - Chairman & CEODavid Brewster - PresidentNeil. Ned has more three decades of experience in the technology industry as an investment banker, venture capitalist, and senior finance and operations executive. As we look to the second half of this year and beyond, we expect many of our early customers to take the next step, renew at increased levels, expand their deals with us and drive more productivity and value for their organizations. What the Frack Is Happening With Natural Gas Prices? We believe that the competitive energy retailers are particularly attractive segment of the utility market for our solutions. It's a combination of renewables that are going to need demand response to balance out the intermittency on the grid.