Energy Response bought by US group

Energy Response Pty Ltd, which has emerged as a significant player in the state's energy market, has been sold for $28 million to a US-based energy management company, EnerNoc.

Both companies specialise in managing energy demand, primarily by contracting with businesses to reduce their energy consumption at times of peak demand.

EnerNOC said in a statement today that the purchase gave it the opportunity to deliver 240 megawatts of demand response capacity over 2012/13, up from an initial 100 megawatts.

"The electricity markets in Australia and New Zealand present tremendous opportunities for EnerNOC and Energy Response to join forces to provide a broad range of demand-side resources," EnerNOC chairman Tim Healy said.

"Energy Response shares our strong commitment to engaging electricity users to promote cost-effective, clean energy management solutions, and we look forward to delivering these solutions in markets where they are highly valued."