Council of Industry Selects Comverge as its Curtailment Service Provider for New York Independent Systems Operators (NYISO)
EAST HANOVER, N.J., June 30, 2008 Comverge, Inc. (Nasdaq: COMV), a leading clean capacity provider through demand response and energy efficiency, announced today that the Council of Industry has selected Comverge as the association's preferred Curtailment Services Provider for the New York Independent System Operators' (NYISO) demand response programs. The Council of Industry will recommend Comverge to all its members for load-shedding programs.
Comverge, based in East Hanover, N.J., is one of the nation's leading clean energy companies providing innovative solutions that significantly reduce peak electricity costs and increase grid reliability. The company provides environmentally friendly solutions through the deployment of Virtual Peaking Capacity programs, load management and control systems, real-time energy data collection and management and other cost-saving initiatives.
Specifically, many Council members may be able to take advantage of the various NYISO programs which provide financial incentive to program participants who are able to shed electrical loads in response to either market price or capacity criteria. Comverge would serve as the registered curtailment provider who would identify the appropriate NYISO programs, the curtailment mechanisms and amounts, and would facilitate the process from registration, capture of the requisite meter data, notification of opportunity or obligation, communication with the NYISO, and curtailment compliance and financial settlement.
"This is part of our overall plan to help our 135 manufacturing members cope with the rising cost of energy in our region," said Harold King, executive vice president for the Council of Industry. "Comverge comes with a proven track record and much experience working in the energy industry and with manufacturing companies. It is a good fit and we are happy to recommend Comverge demand response programs to our members."
"The Council of Industry promotes the success of its members in all aspects of business, including assisting member businesses in reducing the costs of running a business," said Dean Musser, president and COO of Comverge's Enerwise Group. "As energy prices continue to rise around the country, demand response programs are an increasingly critical tool to ease some of the load on our national grid. The Council of Industry is looking to the future for its manufacturing members."
Comverge is a leading provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost effective basis than conventional alternatives by reducing base load and peak load energy consumption. For more information, visit www.comverge.com.
About the Council of Industry
Founded in 1910, The Council of Industry of Southeastern New York is the manufacturer's association of the Hudson Valley. A privately funded not-for-profit organization, the mission of the Council of Industry is to promote the success of its member firms, and their employees, and through them contribute to the success of the Hudson Valley Community. For more information: www.councilofindustry.org.