Comverge Announces Support for DOE/EPA National Action Plan for Energy Efficiency and Demand Response
12 Septembre 2006 - 4:16PM
PR Newswire (US)
Comverge Major Supplier to National Action Plan Authors EAST
HANOVER, N.J., Sept. 12 /PRNewswire/ -- (Comverge, Inc.) -- Amid
growing concerns about energy costs and the reliability of the
national electricity grid, the Department of Energy and the
Environmental Protection Agency recently released it's National
Action Plan for Energy Efficiency, naming Energy Efficiency,
including Demand Response, as "critically underutilized in the
nation's energy portfolio." As a supplier of Demand Response
technologies to over half of the utilities represented by the
report's leadership group, Comverge Inc. announced today its
endorsement and support of the actions specified by the report. As
distributed resources, Energy Efficiency and Demand Response have
not typically received the national attention provided to other
Clean Energy technologies (such as solar, wind, & "smart grid"
initiatives). The prominence of this report clearly shifts national
focus to these resources as powerful tools in the effort to both
reduce the average cost of electricity and increase its
reliability. Confirming the potential of Energy Efficiency and
Demand Response to help alleviate the pressure on the nation's
electric infrastructure, Comverge announced that it successfully
provided over 155 MW of capacity utilizing its Virtual Peaking
Capacity(SM) programs throughout the country during the summer heat
spell. Additionally, Comverge technology and services have supplied
approximately 2,000 MW of peak capacity to utilities represented by
the report's authorship board and another 615 MW of peaking
capacity to utilities regulated under state commissions represented
on the authorship board -- totaling approximately 2,615 MW. The
report, authored by a board of 50 representatives from electric
utilities, utility regulatory boards, and consumer advocates from
across the country, clearly defines Energy Efficiency to include
Demand Response and "peak shaving" programs. It emphasizes the
potential impact of Demand Response and Energy Efficiency -- citing
potential annual energy bill savings of nearly $20 billion and net
societal benefits of over $250 billion over the next 10-15 years.
The report goes on to recommend equal treatment of supply-side
resources and demand-side resources in wholesale energy markets,
recommending "investment in demand-side solutions in a way that is
equivalent to (not necessarily the same as) supply and transmission
solutions." "Comverge particularly endorses this idea of a market
design that equitably incorporates both demand-side and supply-side
resources," commented Robert M. Chiste, Comverge Chairman,
President, & CEO. "Our Virtual Peaking Capacity(sm) program
model, whereby utilities can purchase megawatts of peak capacity
achieved through Demand Response directly from Comverge, offers the
flexibility and dispatchability that make this concept realizable
today, all on a 'pay for performance' basis to the utility. Our
programs across the country have collectively been called upon as
the least-cost resource over 30 times this summer season, providing
155 MW of capacity. We look forward to proactively supporting the
actions specified by this committee and applaud their leadership in
what has become an influential and far-reaching effort." About
Comverge Comverge, Inc., a leading Clean Energy company, provides
environmentally responsible, low-cost peak electric demand
reduction achieved through Demand Response solutions and
technologies, such as its patent pending fully outsourced Virtual
Peaking Capacity(TM) 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 & Software (OTC:DSSI) (BULLETIN BOARD:
DSSI) , E.ON Venture Partners (NYSE:EON), Ridgewood Capital, Easton
Hunt Capital Partners, Norsk Hydro Technology Ventures (NYSE:NHY),
Air Products, Emerson, Rockport Capital Partners, Partners for
Growth, and the Shell Internet Ventures affiliate of Royal
Dutch/Shell. For more information, please visit
http://www.comverge.com/. Contact: Arthur Vos VP, Marketing,
Products, & Strategy 973.884.5970, DATASOURCE: Comverge, Inc.
CONTACT: Arthur Vos, VP, Marketing, Products, & Strategy,
+1-973-884-5970, Web site: http://www.comverge.com/
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