tim healy enernoc net worth

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EnerNOC, Inc. (NASDAQ:NASDAQ:ENOC) Q3 2015 Earnings Conference Call November 5, 2015 9:00 AM ETExecutivesChris Sands - Director of Investor RelationsTim Healy - Chairman and Chief Executive. And don't get me wrong, delivering cost savings is an important benefit of our software but we're finding customers are just as excited about the business productivity gains and improved risk management strategies that our EIS platform delivers. Check out all of our energy storage resources. EquityNet does not recommend or otherwise suggest that any investor make an investment in a particular company, or that any company offer securities to a particular investor. And as it relates to if we do bring our portfolio down from 3000 megawatts, we would expect because of the dynamics that we've seen and our internal forecast suggests that the pricing for capacity performance in our estimation would probably be higher than the existing products. Our next question comes from the line of Monika Garg with Pacific Crest. We're thrilled to have him on board. 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. Timothy Healy owns about 1,353,907. As of 2010 the company had 484 employees. 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. Just one more comment, capacity performance is expected to account for approximately 80% of capacity in the 2018, 2019 delivery year as well as the 2019, 2020 delivery year before becoming the sole product in the 2020, 2021 delivery year. With over 1000 new software subscription customers in our mix over the last year or more, we've been successful with the landing of new EIS platform accounts over the past year. Tim Healy is an experienced executive chairman, CEO, and entrepreneur, with a demonstrated history working in the information technology, energy and managed services industries. . Tim Healy (Timothy Malcolm Healy) was born on 29 January, 1952 in Benwell, Newcastle upon Tyne, is an Actor. Founded in 2018 by a seasoned data engineer and a veteran energy trader, Amperon serves electricity retailers, energy traders, grid operators, and utilities worldwide. We're targeting getting to 70% within next year or so. Tim Healy's income source is mostly from being a successful Actor. "To have Tim, the pioneer in demand-response technology, and Catherine, a dominant figure in global commodities, join our board only solidifies the important work Amperon is doing. For more information, visit www.packetizedenergy.com. By using this website you acknowledge that you have read and agree to EquityNet's, EnerNOC buys Energy Response to boost W Australia presence, EnerNOC shares up on favorable energy demand response ruling, EnerNOC provides its largest demand response dispatch, EnerNOC lands third UK energy management customer, EnerNOC to get boost from demand response pay regs, EnerNOC names Scandrett as VP, engineering, EnerNOC Q3 revenue jumps on customer growth, EnerNoc Wins $10M Contract in Massachusetts, EnerNOC Buys Cogent Energy to Build Up Efficiency Biz, The Consolidation Continues: EnerNoc Buys Carbon, Energy Efficiency Software Startup, EnerNOC, Inc. Secures Additional Round of Funding; Foundation Capital's Adam Grosser Joins Board of. "The company is at an exciting stage to shape the market to ensure the energy transition happens correctly. Allison Bates Wannop has directed her own consulting and legal practice, focusing on energy law and regulation. Q&A: EnerNoc cashes in on 'negative watts' - CNET Thanks. This is a new territory for customers. What's more the complexity and breadth of the energy decisions, these enterprises are addressing with our EIS is growing by the day further solidifying the importance of our software to the organizations. So, thank you everybody and thanks everyone who participated in the call today. The question that you ask about working with other solar providers, I think you mentioned one in particular. These changes require new training and investment right now to ensure we have a highly capable and productive sales force selling our best-in-class EIS products. Andrew, hi, it's Neil Moses. The company was founded in 2001 by Tim Healy and David Brewster. Appreciate all the detail you gave on your thoughts on the PJM auction. So with that, let me turn the call over to David. Executive Profile: Tim Healy of EnerNOC Inc. (Video) 1230 Avenue of the Americas Manhattan, New York, NY 10020. David Brewster, President, Learn How rich is He in this year and how He spends money? Tim Healy brings a career of senior executive experience in energy, utilities and demand response solutions. from Harvard, she previously served as Special Counsel to the Vermont Department of Public Service. After my first board meeting at EnerNOC, I had people giving me 1020 ideas on what we should do. We haven't repurchased any stock to-date in 2015. Finally, we are excited about the President's Clean Power Plan which was released on Monday. Recurve's open-source SaaS platform and tools help utilities leverage their smart meter data to quickly and accurately measure . Prior to forming New Atlantic Ventures and its predecessor, DFJ New England, Scott was the East Coast partner of the Cambridge Technology Capital Fund, cited by Venture Economics as one of the top performing post-IPO funds of 1999, where he oversaw investments in E.piphany, Silknet, Digital Think, and WebLogic. We just recently received the good news that demand response will be able to participate in the capacity performance transition auctions for the 2016, 2017 delivery years. At 69 years old, Tim Healy height is 1.68m . I think it's an interesting time for demand response right now because it's a proven resource, it's mature resource and yet it still has a tremendous amount of potential and that potential only grows as we see more and more applications to add value on the demand side of the equation. We've been able to meet our initial deployment objectives, our initial product development objectives and now we're in the go to market phase with Sun Power. Allisons background in energy regulation and policy will help amplify our voice in the important regulatory discussions shaping the future of clean energy.. Grid operator revenue of $42 million was 81% higher than it was in the prior year period. Today energy management sustainability initiatives on enterprise wide focus for Boston Properties and the company's alignment with EnerNOC's EIS platform is another step in its journey to effectively aggregate and leverage its energy data. . That reduction was partially offset by our ability to add approximately 100 new subscribers to our enterprise EIS platform. Obviously we prefer to see backup generators continue to be a valuable part of the market however so we plan to continue to support the EPA in this regard. Scaling Successfully: Cleantech Roundtable with Tim Healy Boston - June 29, 2017 - Cooley advised EnerNOC on its agreement to be acquired by the Enel Group, a global energy company based in Italy, for more than $300 million, including EnerNOC's net debt. He servedforover 16 years as Chairman and CEO of EnerNOC, providingenergy intelligence anddemand response solutions to utilities, grid operators and enterprises. We mentioned this a little bit on the last call but right now we fully expect that we're going to be well-equipped to adapt to the new products of capacity performance. On today's call we will discuss estimates, as well as make statements that are forward-looking under the Private Securities Litigation Reform Act of 1995, and other federal securities laws. And then I think finally, there is a system integration or SI layer here where the typical system integrators are starting to pay attention to the enormous opportunity that this has to help businesses transform. In 2007, he led EnerNOC's initial public offering, which was named IPO of the Year by the Association for Corporate Growth Boston and Mass High Tech magazine, and received the Ernst & Young Entrepreneur of the Year Award in New England. In its core U.S. demand response business, it has had to contend with legal threats, market changes, and increasing competition. While our overall presence in Japan remains small, these are positive steps as we look to grow our business in that large market in the coming years. Congress Passes Spending Bill With Solar, Wind Tax Credit Extensions and Energy R&D Package, The 5 Most Promising Long-Duration Storage Technologies Left Standing, I Fully Converted a Home to Electricity. That's when we'd start to potentially see us getting down to a smaller megawatt portfolio because in the interim we will still have an opportunity to mix our portfolio with capacity performance as well as the current baseline products that exist. My comments will focus on our second quarter 2015 financial results and our outlook going forward, and I'll conclude with some brief thoughts on our capital deployment strategy. With customers that are looking for us to help them with their compliance reporting, make sure that we're doing that in an accurate fashion. EnerNOC, Inc. (NASDAQ:ENOC) Q2 2015 Earnings Conference Call August 6, 2015 9:00 AM ET. Thanks, David, and thank you to everyone participating on the call today. At the end of the second quarter, our EIS platform customers were subscribing to an average of approximately six sites per customer still under 5% of their total sites or overall footprint on average. 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. They were all great ideas but apply the 80/20 . We think based on the way we've structured the contract the second half of 2015 we're probably expecting about $1 million of revenue from this contract and then roughly $8 million a year at a minimum for the next couple of years while we execute on that contract. Enel has been acquiring companies to get there, starting with Demand Energy in January, and now EnerNOC. Tims final words of advice for the event trust your gut. Yes, we are excited about what Eric brings to the equation. Our entire organization is vested in this mission and I like what I'm seeing to-date with this commitment. 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. Happy to do so. We recently learned that oral arguments for the case will occur on October 14, which is near the beginning of the next session which starts in October and runs through June, 2016. There may be some lumpiness from quarter-to-quarter and that's principally because we still have a services business which comprises roughly $15 million of our $75 million enterprise business and there is some lumpiness in the projects related to that service business from quarter-to-quarter. In the meantime, work under our existing partnerships continues and we recently hit an important product milestone in our arrangement with Sun Power, it will allow Sun Power to begin bundling our software with every sale of its solar energy systems to commercial and industrial customers in North America. 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. Tim Healy - CEO - EnerNOC | LinkedIn How EnerNOC is Evolving Smart Grids and Building Energy Management Scott began his career as a software engineer and early employee of Cambridge Technology Partners, a global systems integration and consulting company. Thank you. Humble Appreciation - LinkedIn EnerNOC's (ENOC) CEO Tim Healy on Q2 2015 Results - SeekingAlpha Neil will then follow David with a financial review of the quarter and our outlook for the second half of the year. and Timothy Healy, Chairman & CEO Great, that's helpful. Micah Remley, Senior Vice President, BURLINGTON, Vt., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Packetized Energy announced that Tim Healy, former Chairman and CEO of energy intelligence and demand response leader EnerNOC, and Allison Bates Wannop, Founder of 44 North PLC, have joined its Board of Advisors. The Consumers Enterprise EIS reseller arrangement demonstrates that by delivering world-class products and services to our utility customers, we can foster a collaborative relationship like our partnership with Sun Power benefits both parties and helps us quickly and cost effectively reach more enterprise customers to scale our business. With an Energy Crisis Brewing, No Peak in Sight for Emissions, Why TransitTech Is So Vital to Struggling Public Transportation Systems. On Slide 4, we show how Boston Properties have scaled the deployment of our software overtime. This is a community-generated profile. Should we continue to look for that quarterly to move up or is it going to be more lumpy? Now let me share with you our outlook for the third quarter and the remainder of the year. While we are disappointed with that development and its impact on our utility ARR, we continue to see improvement in the quality of our utility ARR as the mix shifts from turnkey demand response to subscription-based EIS. An even more recent leadership development was the appointment of Gary Haroian to our Board of Directors. Amperon Names Tim Healy and Catherine Flax to Join Board of - Insider Ladies and gentlemen, good morning. And so we're optimistic. loss, non-GAAP income and loss per share, free cash flow, and adjusted EBITDA. Eric ushers in a new approach to selling software to our customers and is having a significant impact on our go-to-market activity. The residual 300 basis points improvement relative to Q2 of 2014 was driven by the growth of our high margin enterprise revenue. Tim Healy | Greenbiz We started a year ago and standing still in Korea and it's now accelerated to our third largest market internationally and continues to scale very nicely and we really like the scale and pace of that market and our position in that market as well. In fact, many have taken what they have learned from their time atEnerNOCand continue to evolve, especially as it comes to company culture and diversity and inclusion. We had a free cash outflow in the quarter of $8 million, comprised of an operating cash outflow of $5 million, and capital spending of $6 million, net of $3 million of cash generated from the sale of an asset. Another Q2 highlight for our utility business was a new contract with a major U.S. energy retailer which has agreed to pilot our utility EIS customer engagement offering. 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. Additional information concerning these Risk Factors is contained in our filings with the SEC, including our annual report on Form 10-K and quarterly reports on Form 10-Q available at www.sec.gov. When typing in this field, a list of search results will appear and be automatically updated as you type. With that, I'll turn the call over to Neil, to provide a review of our financial results. Tims deep expertise in the energy industry and track record of growing companies in the electricity sector will be invaluable as we advance as a leader in energy flexibility, said Paul Hines, CEO and Co-founder of Packetized Energy. "After my first board meeting at EnerNOC, I had people giving me 10-20 ideas on what we should do. 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. I think you should expect it to continue to move up, let's call it on a trailing 12 months basis for sure. This deal exemplifies the transformation that is underway in the utility industry. 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. 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. Policy & regulation are aligning with renewables cost declines to make projects more profitable and portfolios more sustainable. 2005-2023 EquityNet Inc. All Rights Reserved. We're finding that as a demand response company we have a unique selling proposition because in many respects you can think of our customer acquisition costs as being lessened by the fact that we can go in there and offer the customer an economic benefit of participating in demand response and engaging in an investment in our Energy Intelligence Software platform at the same time. Healy and Wannop will join seven other advisory board members including: Robert Zulkoski, CEO of Conduit Capital Partners and former Chairman of Greenlots, a global electric vehicle charging infrastructure company purchased by Shell; and Scott Johnstone, who previously led Vermont Energy Investment Company, a $100 million energy project management and consulting firm. Tim Healy Energy and Technology Executive; Former EnerNOC Chairman & CEO; Board Of Directors at Powin, Amperon, Recurve, and Micatu, Inc. "I see this not as Enel being eager to take on a turbulent wholesale demand response business and an underperforming SaaS business, but rather as Enel looking for a global platform for growth in C&I energy management, Andrew Mulherkar, GTM Research senior grid edge analyst, said of Thursdays news. 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. Italys Enel announced Thursday that its U.S. subsidiary, Enel Green Power North America, will acquire Boston-based EnerNOC for about $7.67 per share, or a 42 percent premium over yesterdays share price. Since EnerNOC, Tim has dedicated his time to changing the way the world uses energy. Nov 2022 - Present6 months. The City of Austin, Texas, the Bank of Georgetown, Stevens Pass ski resort, Diamond Packaging, Southern Oregon University and marketer-printer Sandy Alexander are the first organizations to sign up to the 5 Year Renewable Energy Pledge run by the Renewable Energy Markets Association. Specifically, Enel intends to put EnerNOC to work as a foundational element of the E-Solutions business it launched last month. Timothy Healy who bought, In the last year, insiders at Enernoc Inc have sold an estimated value of, Mailing address is C/o Enernoc, Inc. 75 Federal Street, Suite 300 Boston MA 02110 MA. During the past five years, Adam formerly served on the boards of directors of Control4 Corporation, Conviva, Inc., GridIron Systems Inc., Numerate, Inc., Sentient Energy, Inc., SiBEAM, Inc., and Silver Spring Networks, Inc., each a privately held company, as well as EnerNOC, Inc., Rohati Systems, Inc., which was acquired by Cisco, and Naverus, Inc. Scott is a co-founder and managing partner at [New Atlantic Ventures](http://www.navfund.com/). 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. The team at Packetized Energy really understands todays rapidly evolving energy system and what we need to do to transition to the future. The expiration of the contract I just mentioned resulted in high utility churn rates for the quarter. The transaction is expected to close in Q3. We achieved strongest financial results in the second quarter with revenue and adjusted EBITDA above the top-end of our guidance range. So, how much is Tim Healy worth at the age of 69 years old? What's more, its combination of demand response with software for energy procurement and management covers both utility-facing and customer-facing parts of the revenue equation. Turning to margin, we posted consolidated gross margin of 54% in the second quarter, which represented a significant improvement over the 37% we achieved in the second quarter of last year. We will go to the line of Angelica Jarvenpaa and [Operator Instructions]. One final thought before turning it back over to Chris for Q&A. Tim Healy's income source is mostly from being a successful Actor. Earlier this week our board authorized a $50 million share repurchase authorization to replace our existing authorization that expires next week. Continuing on this theme, Boston Properties has more recently utilized the platform to further streamline and consolidate its reporting to satisfy compliance and benchmarking requirements and demonstrate its leadership and sustainability through programs such as GRESB, EnergyStar and NAREIT's leader in the light award. We had a net reduction in former World Energy procurement customers of approximately 200 as we let relationships with smaller enterprises that were not long-term strategic fits for our enterprise offerings come to an end. Today, EnerNOC is one of the world's largest full-service energy management providers with over 700 employees and operations in the United States, Canada, the United Kingdom, Australia and New Zealand. BURLINGTON, Vt., Jan. 26, 2021 (GLOBE NEWSWIRE) -- Packetized Energy announced that Tim Healy, former Chairman and CEO of energy intelligence and demand response leader EnerNOC, and Allison Bates Wannop, Founder of 44 North PLC, have joined its Board of Advisors. A good example of a deal that we successfully converted from the pipeline during the quarter is the expansion of our relationship with Consumers Energy, which is a large utility based in Michigan. 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. Allisons background in energy regulation and policy will help amplify our voice in the important regulatory discussions shaping the future of clean energy.. Catherine Flax is an accomplished leader and mentor in the energy, fintech and commodities sectors. Find great partners who compliment your strengths, support you when times are tough, and help you get through it. Hudson Gilmer, CEO and Co-Founder of LineVision. tim healy enernoc net worth Prior to EnerNOC, James served as Distribution Sales Manager at EnergyLogic, a leader in alternative fuel fired furnaces and boilers, where he was responsible for successfully building the U.S. and international sales distribution network and ultimately tripling the companys annual sales in just under four years. From compliance reporting, bill processing, and risk management, to scenario planning and project management, our customers are weaving EIS into the fabric of their organizations to ensure better decision making around myriad of new choices they have for managing the energy expense related activities of their organization. I think we might see that for another quarter or two quite frankly. 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. Published Sep 11, 2017 + Follow Friends, I'm moving. Tim's final words of advice for the event trust your gut. EnerNOC's (ENOC) CEO Tim Healy on Q3 2015 Results - SeekingAlpha Get in with our customers and add the professional services component that we need. Since taking over during the second quarter, Eric has reorganized our sales force and revamped our sales process to make sure that we have the right people going to market, selling our platform in an effective way. Complete your funding profile with all sections filled, including your products and services, a complete management team with headshots, and slideshow with product images.