Dive Brief:
- Demand-response company EnerNOC is investing in Genability, a startup known mostly for its solar business.
- As part of the deal, EnerNOC landed an exclusive licensing agreement for some of Genability's software so that commercial and industrial customers can get more accurate energy forecasts.
- EnerNOC has bought at least ten other companies to expand its product line, but this marks the first time EnerNOC has invested in another company.
Dive Insight:
Like most demand-response companies, EnerNOC has been focused on expanding its offerings beyond demand response. EnerNOC has “some really interesting stuff they want to do with real-time demand management, above and beyond what they do right now with demand response,” Jason Riley, Genability CEO, said.
