Comverge Chosen By Commonwealth of Pennsylvania as Demand Response Partner
Agreement with PA Department of General Services to Provide Energy Curtailment Services
KENNETT SQUARE, P.A., July 16, 2009 Comverge, Inc. (Nasdaq: COMV), a leading provider of smart grid, demand management and energy efficiency solutions, today announced its partnership with the Pennsylvania Department of General Services to service the demand response pilot program being conducted by the Commonwealth of Pennsylvania. Comverge won a competitive bid to determine a demand response partner for selected Commonwealth government buildings.
Under the agreement, Comverge will provide a turnkey implementation program for demand response services including load curtailment opportunity identification, program education, registration, notification, compliance, settlement functions and, where applicable, metering and integration within PJM Interconnection. Comverge began the pilot program with four participating Commonwealth facilities in the summer of 2009. Should this program be deemed successful, all PA government buildings, including hospitals, educational and correctional facilities, will have the opportunity to participate in the various demand response programs offered by PJM through this partnership between Comverge and the Commonwealth of Pennsylvania.
George Hunt, Comverge Senior Vice President, Sales, stated, "This partnership will be a key element in the movement toward Smart Grid reliability and sustainability that will benefit all those residing or doing business within the Commonwealth of Pennsylvania. This initiative of the Pennsylvania Department of General Services speaks directly to several factors that will only grow in importance over the coming years. Reduction of energy consumption and its carbon footprint as well as improved grid reliability are focal points directly addressed by the Commonwealth in this partnership. The Commonwealth and the Department of General Services should be commended for its innovation and forward thinking, especially at a time when we need creative energy solutions the most."
Comverge, with over 3000 megawatts of clean energy capacity under management, 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.
This release contains forward-looking statements that are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. The forward-looking statements in this release are not, and should not be construed as historical facts, do not constitute guarantees of future performance and are based on numerous assumptions that, while believed to be reasonable, may not prove to be accurate. These forward looking statements include successful implementation of the program, anticipated results, expectations of future performance and certain assumptions upon which such forward-looking statements are based. The forward-looking statements in this release involve a number of factors that could cause actual results to differ materially, including risks associated with Comverge's business involving our products, the development and distribution of our products and related services, regulatory changes, grid operator rule changes, economic and competitive factors, our key strategic relationships, and other risks more fully described in our most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. Comverge assumes no obligation to update any forward-looking information contained in this press release or with respect to the information or announcements described herein.