National Heat Wave Prompts Record Use of Comverge Demand Response Solutions
Leading Clean Energy Provider's Products and Services Support Over One Gigawatt of Peak Electric Capacity
East Hanover, NJ - July 19, 2006: As much of the United States remains in the grip of a sweltering heat wave, Comverge's Demand Response systems, including its proprietary Virtual Peaking CapacityTM programs, are providing an unprecedented amount of electricity capacity as well as transmission and distribution relief, helping to ensure the continued reliability of the nation's electric grid.
Over one gigawatt of electric capacity, including over 100 megawatts of capacity provided by Comverge to its utility customers under its Virtual Peaking CapacityTM programs, is being called on to provide demand relief in operating regions stretching from New England to California - enough energy to power approximately one million homes on an average day.
Comverge's Demand Response solutions are installed at residential, small commercial and large commercial/industrial facilities to reduce and shift energy usage from higher peak hours to times of lower energy use, such as night time hours. Ultimately, these systems are used to increase the reliability of the electrical grid and to prevent interruptions in service like blackouts, brownouts, and localized service interruptions.
"The record setting national heat wave over the last several days has put enormous pressure on the nation's electric grid," said Robert M. Chiste, Comverge Chairman, President, and CEO. "Today's actions by electricity providers across the country clearly illuminate just how important Demand Response programs are to keeping the lights on across the country during peak hours. As a Clean Energy alternative to building expensive and less ‘eco-friendly' peak generation plants, Demand Response programs are a key element of many utilities' integrated resource plans; we are clearly seeing the market needs and regulatory pressure increase towards expanding and optimizing Demand Response programs throughout the US via business models such as our Virtual Peaking CapacityTM offering," Chiste added.
As temperatures and energy usage continue to rise during the remainder of the summer months, Comverge technology can be relied upon to provide quick and reliable load relief to the national grid. To find out more about Demand Response, visit Comverge online at www.comverge.com.
About Comverge, Inc.
Comverge, Inc. provides clean, low-cost peak capacity reduction for electric utilities, achieved
through Demand Response solutions and technologies, such as its patent pending fully
outsourced Virtual Peaking CapacityTM offering. As North America's leader in Demand
Response, Comverge serves over 500 clients in the electric utility industry, implementing both
integrated and outsourced solution-based models for direct and price responsive load
management, remote meter reading, and distributed generation monitoring. Comverge's
investors include Nth Power, EnerTech Capital, Data Systems and Software (OTCBB: DSSI),
E.ON Ventures (NYSE: EON), Ridgewood Capital, Easton Hunt Capital Partners, Norsk Hydro
Technology Ventures (NYSE: NHY), Emerson (NYSE: EMR), Air Products & Chemicals, Inc.
(NYSE: APD), Rockport Capital Partners, Partners for Growth, and the Shell Internet Ventures
affiliate of Royal Dutch/Shell (NYSE: RD). For more information, please visit www.comverge.com.