Dive Brief:

• EnerNOC announced record results for the third quarter of 2013, as revenue hit $278 million, up 56% year-over-year, and adjusted earnings reached $123 million, up 78% year-over-year.
• New product launches were credited with providing much of the growth that connects energy usage and spend. The interactive DemandSMART application, which enables customers to view their demand response payments and provides visibility into the financial impact of demand response, was a winner.
• EnerNOC has also entered into a new agreement with Eastern Australian distribution operator Ausgrid to administer its demand response program.

Dive Insight:

In the earnings call, executives pointed to growth markets outside of the eastern U.S., including a long-term play in Texas, where the electricity market may soon change. Significant growth right now seems to be abroad. “Our international revenue grew by 142% year-over-year in the third quarter, and by 137% in the first 9 months compared to the year-ago period. We continue to expect about 20% of our revenues this year to come from markets outside the U.S. compared to less than 1% in 2010,” said David Brewster, company co-founder and president.