EnerNOC, the US-based giant of energy efficiency for industries, has acquired Entelios, a European energy management company, to grow EnerNOC’s demand response business within Europe.
“Europe is ripe for accelerated adoption of demand response and energy intelligence software. Entelios has both the local market expertise and customer base that will help EnerNOC establish an important foothold in continental Europe, consistent with our growth and market diversification strategy,” said Tim Healy, Chairman and CEO of EnerNOC.
Entelios has a successful technology platform that delivers demand response programmes which meet the transmission requirements in Germany, Austria and other European countries. Each of these represent significant markets, especially Germany as she moves away from fossil-fuel power toward renewable energy sources that remain intermittent.
The founder of Entelios, Oliver Stahl, said the company is delighted to join EnerNOC in providing energy intelligence software to drive energy efficiency and bring valuable operational savings to existing Entelios customers.