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EnerNOC (ENOC) has acquired Colorado-based SmallFoot LLC to target the smaller scale commercial energy demand response market.
Integrating SmallFoot’s technology will help EnerNOC reduce DemandSMART deployment costs at these sites and open new opportunities.
Small commercial sites comprise 90% of all facilities and consume 40% of the power according to the Energy Information Administration (EIA). High costs have prevented many of these sites from using demand response technologies and this acquisition aims to alleviate that barrier.
ENOC CEO Tim Healy says, "The first customer to work with EnerNOC many years ago was a grocery store in New England, a relatively small but progressive retailer. Today, 25% of the sites in our network are small commercial sites. Going deeper into this underserved market represents a large growth opportunity for our company. SmallFoot gives us additional technology to unlock all forms of demand response and deploy our full suite of applications in this exciting market."
SmallFoot makes wireless demand control solutions for the small commercial market. It uses a network of intelligent, self-learning devices to manage and coordinate demand, automatically shifting load to off-peak times.
In addition to reducing the costs associated with enabling small commercial facilities, the acquisition strengthens EnerNOC’s ability to help utilities design programs for this largely underserved customer class.
"In almost every discussion we have with our utility prospects, the desire to provide the small commercial market with the same benefits that large customers receive from EnerNOC comes through loud and clear," says Darren Brady, COO. "This acquisition enables us to better meet that need by continuing to drive down our infrastructure and data acquisition costs."
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