EnerNOC, Inc. announced that it filed a registration statement with the Securities and Exchange Commission relating to the proposed initial public offering of its common stock. The shares will be sold by EnerNOC and certain selling stockholders.
The electric power industry in North America faces enormous challenges to meet increasing demand. Under-investment in generation, transmission and distribution infrastructure in recent years in key regions, coupled with a dramatic growth in electricity consumption, has led to an increased frequency of blackouts and brownouts. Moreover, the margin between electric supply and demand is projected to drop below minimum target levels in Texas, New England, the Mid-Atlantic, the Midwest, and the Rocky Mountain region within the next two to three years. According to the International Energy Agency, the United States and Canada need to add 758,000 MW of additional capacity at a cost of $1.6 trillion between 2003 and 2030 to meet projected demand. As the electric power industry confronts these challenges, technology-enabled demand response has emerged as an important solution to help address the imbalance in electric supply and demand.
EnerNOC S-1 Registration Statement