Enel X (formerly EnerNOC) is a provider of cloud-based energy intelligence software and services to enterprise customers and utilities. Its services include distributed generation and microgrids, bill management, energy infrastructure, advisory and energy intelligence software, energy storage systems, operation and maintenance, and direct marketing.

Employee Rating

3.7More
TypeSubsidiary
Parent CompanyEnel
HQBoston, MA, US
Founded2001
Websiteenelx.com
Cybersecurity ratingCMore
Enel X was founded in 2001 and is headquartered in Boston, MA, US
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Key People/Management at Enel X

Francesco Venturini

Francesco Venturini

CEO
Surya Panditi

Surya Panditi

President and CEO, North America
Giulio Carone

Giulio Carone

Chief Executive Officer, Financial Services
Alexander Gurzhi

Alexander Gurzhi

Chief Software Architect, Cloud
Vincent Schachter

Vincent Schachter

Senior Vice President, Energy Services
Leandro Abreu

Leandro Abreu

B2B Busines Unit Director
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Enel X Office Locations

Enel X has offices in Boston, Baltimore, Bend, Boise and in 12 other locations
Boston, MA, US (HQ)
1 Marina Park Drive #400
Baltimore, MD, US
1414 Key Hwy #200
Bend, OR, US
1011 SW Emkay Dr
Boise, ID, US
12585 W Explorer Dr
Chicago, IL, US
8700 W Bryn Mawr Ave #650
Dublin, OH, US
6605 Longshore Street Suite 240 #100
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Enel X Financials and Metrics

Summary Metrics

Founding Date

2001

Total Funding

$29 m

Investors

In total, Enel X had raised $29 m. Enel X is a subsidiary of Enel

Enel X Revenue

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View revenue for all periods
Enel X's revenue was reported to be $403.96 m in FY, 2016 which is a 1.1% increase from the previous period.
Annual
USDFY, 2015FY, 2016

Revenue

399.6m404.0m

Revenue growth, %

(15%)1%

Cost of goods sold

245.1m241.5m

Gross profit

154.5m162.5m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

53.4m132.7m167.8m48.1m66.7m

Cost of goods sold

32.6m81.5m97.0m33.4m47.2m

Gross profit

20.8m51.2m70.8m14.7m19.5m

Gross profit Margin, %

39%39%42%31%29%
Annual
USDFY, 2015FY, 2016

Cash

138.1m98.0m

Accounts Receivable

43.4m36.7m

Prepaid Expenses

7.7m10.9m

Current Assets

293.6m197.8m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

104.4m95.1m81.5m74.0m66.2m

Accounts Receivable

39.4m33.3m57.0m31.1m27.0m

Prepaid Expenses

14.6m13.7m15.1m14.6m15.6m

Current Assets

232.6m167.3m227.9m167.5m154.7m
Annual
USDFY, 2015FY, 2016

Net Income

(185.1m)(50.5m)

Depreciation and Amortization

24.3m33.0m

Cash From Operating Activities

3.5m(44.8m)

Purchases of PP&E

(23.6m)(15.7m)
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

(40.6m)(40.5m)(19.9m)(32.1m)(50.8m)

Depreciation and Amortization

6.3m18.4m17.1m7.5m14.2m

Cash From Operating Activities

(29.7m)(46.1m)(64.9m)(24.6m)(28.8m)

Purchases of PP&E

(4.4m)(9.1m)(13.7m)(3.4m)(6.4m)
USDFY, 2015

Revenue/Employee

292.5k

Financial Leverage

3.9 x
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Enel X Operating Metrics

Q1, 2014Q2, 2014Q3, 2014Q4, 2014FY, 2014Q1, 2015Q2, 2015Q3, 2015Q4, 2015FY, 2015

Demand Response Sites

14.3 k15 k15.3 k15 k15 k15.2 k15 k15.2 k15.2 k15.2 k

Demand Response Customers

5.8 k6.1 k6.3 k6.5 k6.5 k6.5 k6.4 k6.4 k6.5 k6.5 k

Grid Operators

13141414141414141414

Utility ARR

$59 m$58 m$63 m$67 m$67 m$67 m$64 m$65 m$65 m$65 m
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Enel X Acquisitions / Subsidiaries

Company NameDateDeal Size
eMotorWerksJuly 12, 2019
YousaveJuly 06, 2018
Pulse EnergyDecember 02, 2014
World Energy Solutions IncNovember 04, 2014
EnteliosFebruary 17, 2014
Activation EnergyFebruary 13, 2014
Energy ResponseJuly 06, 2011
M2M CommunicationsJanuary 26, 2011
Global Energy PartnersDecember 06, 2010
SmallFootMarch 15, 2010
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Enel X Revenue Breakdown

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Enel X revenue breakdown by business segment: 83.3% from Demand Response and 16.7% from Software

Enel X Cybersecurity Score

Cybersecurity ratingPremium dataset

C

73/100

SecurityScorecard logo

Enel X Online and Social Media Presence

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Enel X Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    B

    71/100

  • Compensation

    B

    69/100

  • Diversity

    D

    55/100

Learn more on Comparably

Enel X News and Updates

Enel X Collaborates With Biogen To Electrify Take-home Vehicle Fleet In North America

CAMBRIDGE, Mass. and SAN CARLOS, Calif., June 29, 2021 /PRNewswire/ -- Enel X, the advanced energy services arm of the Enel Group, today announced it is working with Biogen Inc. (Nasdaq: BIIB) to electrify the global biotechnology company's employee commercial fleet. As a member of the...

Enel X North America Sees Strong Growth Across Storage, Demand Response and EV Charging as More Organizations Shift Towards Decarbonization in 2020

Enel X more than doubled its operational battery storage capacity across US and Canada. Entered the public transit electrification market with agreement to help electrify a Massachusetts bus fleet. Launched a first-of-its kind REC product for EV drivers. Helped customers earn more than 100 million U…

Enel X and Eaton Partner for Microgrid Development in Puerto Rico

Enel X, the Enel Group’s advanced energy services business line, and power management company Eaton, today announced plans for microgrid development in Puerto Rico

Enel X turns to SIA for mobile payments

Enel X Financial Services, the Enel Group company active in the development and promotion of innovative financial services, has signed a strategic partnership with SIA, a leading European hi-tech company in the payment services and infrastructures sector, controlled by CDP Equity, for the design and…

Enel X Enters US Public Transit Electrification Market With Grants to Support Future Electrification of Bus Fleets

Enel X is launching a suite of services in the U.S. to help public organizations such as transit authorities, municipalities and schools cost-effectively electrify bus transportation. The grants represent Enel X's first public transportation electrification projects in the U.S. and will help electri…
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Enel X Blogs

Merchants Fleet Expands EV Charging Infrastructure Offering with Global Charging Leader Enel X

New Partnership Elevates Sustainable Charging Infrastructure Solutions and Positions Corporation to Reach 2030 Fleet Electrification Goals Hooksett, N.H., August 25, 2021 - Merchants Fleet, the nation’s fastest growing fleet management company, announced today a partnership with Enel X, the Enel Gro…

How to Charge a Nissan LEAF

The Nissan LEAF is an all-electric or battery electric vehicle, and one of the most popular EVs available on the market today. New models of the Nissan LEAF have an impressive 150 to 226 mile driving range and can easily charge overnight with the right home EV charger. Review these simple step-by-s…

How to Install an EV Charger At Home

Imagine never going to a gas station again. That’s the beautiful, everyday reality for EV drivers who quickly and conveniently plug in their cars at home—thereby avoiding the hassle of driving to the pumps. (And the fumes!) For the best fossil-free driving experience, you’ll want to install a 240-v…

CoMotion LA 2021

Join Enel X at CoMotion LA, a three day event with immersive and interactive talks, demos and workshops that offer a path forward for cities and mobility systems as they recover from the crisis. Giovanni Bertolino, Enel X’s Head of e-Mobility North America, will speak on a panel about electrificatio…

Solar Power International

Enel X North America’s Head of eMobility, Giovanni Bertolino, is speaking on a panel at SPI called The Role of DERs in EV Fleet Charging. Join the discussion on Tuesday, September 21 at 2:30pm. The Enel X team will have a booth in the Expo Hall; come say hello!

Merchants Fleet Summit

Enel X’s Jeff Slye will present on EV fleet charging solutions during the Merchants Fleet Summit. Join this free in-person event to learn more about upcoming trends in the EV movement.
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Enel X Frequently Asked Questions

  • When was Enel X founded?

    Enel X was founded in 2001.

  • Who are Enel X key executives?

    Enel X's key executives are Francesco Venturini, Surya Panditi and Giulio Carone.

  • How many employees does Enel X have?

    Enel X has 3,252 employees.

  • What is Enel X revenue?

    Latest Enel X annual revenue is $404 m.

  • What is Enel X revenue per employee?

    Latest Enel X revenue per employee is $124.2 k.

  • Who are Enel X competitors?

    Competitors of Enel X include Nexant, OATI and AutoGrid.

  • Where is Enel X headquarters?

    Enel X headquarters is located at 1 Marina Park Drive #400, Boston.

  • Where are Enel X offices?

    Enel X has offices in Boston, Baltimore, Bend, Boise and in 12 other locations.

  • How many offices does Enel X have?

    Enel X has 17 offices.