Case Studies


Sale of EnerNOC to Enel

TRANSACTION OVERVIEW

  • On June 22, 2017, Enel Green Power North America, Inc.,
    an Enel Group subsidiary, announced it had signed an
    agreement to acquire leading U.S.-based provider of
    smart energy management services, EnerNOC

ENEL OVERVIEW

  • Enel Green Power North America, Inc., headquartered in
    Andover, MA, manages a portfolio of over 100 renewable
    energy power plants for a total capacity exceeding 3.3 GW
    and an additional 900 MW currently under construction
  • The Enel Group operates in over 30 countries across five
    continents, producing energy through a managed capacity
    of more than 85 GW
  • Enel distributes electricity and gas through a network of
    over 2 million kilometers, and, with more than 65 million
    business and household customers worldwide, the
    Group has the largest customer base among European
    competitors
  • Enel is the largest utility in Europe in terms of market
    capitalization and is among Europe’s leading power
    companies in terms of installed capacity and reported
    EBITDA

ENERNOC OVERVIEW

  • EnerNOC is a leading provider of demand response and
    energy services for utility, commercial, institutional and
    industrial customers
  • EnerNOC’s demand response services offer access to
    more demand response programs worldwide than any
    other provider, with over 8,000 customers, 14,000 sites
    under management and a total of 6 GW of demand-response
    capacity
  • EnerNOC’s energy intelligence software enables
    businesses to boost facility efficiency, simplify utility bill
    management and ease reporting burdens, while the
    Company’s energy procurement tools and services help
    customers buy energy more strategically, manage risk,
    and optimize pricing

GREENTECH’S ROLE

  • Greentech served as financial advisor to
    EnerNOC and was closely involved in all
    aspects of the transaction
  • Greentech’ s deep industry relationships
    and extensive transaction experience
    allowed EnerNOC to review strategic
    alternatives and uncover additional value

WHAT THE TRANSACTION
MEANS FOR UTILITIES AND SMART
ENERGY MANAGEMENT SERVICES

  • The acquisition of EnerNOC, alongside
    Enel’s acquisition of Demand Energy
    in January 2017, demonstrates a strategy
    to develop and grow a global platform
    for C&I energy management
  • Enel intends to integrate EnerNOC
    as a “foundational element” of the
    E-Solutions business, incorporating
    over 8,000 customers, 14,000 sites
    under management and a total of
    6 GW of demand-response capacity
    globally alongside additional services
    in development

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