Comverge completes acquisition of Enerwise

East Hanover, NJ, July 24, 2007 — Comverge Inc., provider of energy solutions through demand response, announced it has successfully completed its previously announced acquisition of Enerwise Global Technologies Inc.

Under the terms of the transaction, Comverge acquired 100% of Enerwise’s capital stock for $25.15 million in cash, $17.0 million in subordinated convertible notes due in April 2009, and the issuance of 1,279,545 shares of Comverge common stock. Former Enerwise shareholders will own approximately 7% of the combined company. In addition, 191,183 shares of Comverge common stock are contingently issuable if Enerwise exceeds 2008 operating performance of $36.0 million in revenue and $11.0 million in gross profit.

Enerwise Global Technologies has been providing managed energy services to commercial and industrial customers for over 10 years. Enerwise provides 444 MWs of demand response capacity in open market programs, manages an additional 383 MWs of capacity by providing its customers with the tools and systems to enable participation in demand response programs, and facilitates the registration of 1049 MWs of renewable energy. Enerwise Group will continue to be led by president and COO, Dean Musser.

With this acquisition, Comverge will form the Enerwise Group which will function as a division of Comverge and operate collaboratively with the Smart Grid Solutions Group and the Alternative Energy Resources Group. As a combined company, Comverge will directly own or operate 948 MWs of demand response capacity, provide tools for the operation of 453 MWs of energy, and manage the registration of 1049 MWs of renewable energy in addition to having delivered over 4.5 million demand response devices to our utility customer base for the equivalent of 6000 MWs of capacity.

As required by the Securities and Exchange Commission, Comverge will file audited Enerwise historical financial statements with the SEC in approximately 71 days.

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