Energy software company EnerNoc said yesterday it has agreed to buy M2M Communications, which specializes in energy management for the agriculture industry.
It's one of string of acquisitions EnerNoc has done over the past two years to grow from its core commercial demand-response business into new areas.
With demand response, utilities contract with third-party companies to meet demand for electricity on the grid during peak times. EnerNoc pays a monthly fee to companies that participate in demand response and EnerNoc has the ability to turn down electricity usage when needed, such as adjusting lighting or air conditioning.
M2M makes … Read more