EnerNex Named to Prestigious Inc. 5000 for Third Consecutive Year

KNOXVILLE, Tenn.--(BUSINESS WIRE)--EnerNex Corporation, a leading provider of engineering and consulting services to the electric power industry, announced the company was named to the Inc. 5000 list, Inc.’s annual ranking of the fastest-growing private companies in the United States. This is the company’s third consecutive year appearing on the list.

“We are grateful to be a part of the rapidly advancing energy industry as we continue to engineer a cleaner, smarter energy system of the future. I commend all of our EnerNex employees and customers who are the keys to our success.”

EnerNex has earned a position of 1819 on the 2010 Inc. 5000 list. The firm is one of 99 Tennessee companies named to this year’s list. The firm experienced a 150 percent revenue growth in the last three years and ranked 45^th among energy companies.

EnerNex President and CEO Jeff Lamoree commented on the award: “We are proud to have such an outstanding ranking for the third year in a row on the Inc. 5000 list. The firm has undergone significant growth this past year as evident by our client roster and employee expansion.” Lamoree continued, “We are grateful to be a part of the rapidly advancing energy industry as we continue to engineer a cleaner, smarter energy system of the future. I commend all of our EnerNex employees and customers who are the keys to our success.”

In 2009, EnerNex ranked the 1449 position on the Inc. 5000. EnerNex broke the list at 1709 and number 45 among energy companies in 2008.

Click here to view EnerNex’s 2010 Inc. 5000 profile.

Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.

About EnerNex

EnerNex Corporation, established in 2003, provides research, engineering and consulting services, for the electric power industry. EnerNex focuses on providing services around the development and application of new and emerging electric power technologies to engineer a cleaner, smarter energy system of the future. For more information on EnerNex, visit www.enernex.com.