East Hanover, N.J., July 30, 2009 – Comverge, Inc., a provider of comprehensive smart grid, demand management, and energy efficiency solutions, announced an agreement with a Virginia-based utility including:
“- A 5-year, 117 MW commercial and industrial virtual peaking capacity contract;
“- An agreement to supply more than 150,000 advanced metering infrastructure (AMI)-enabled energy management devices for a residential demand response program; and
“- A license to utilize Comverge’s Apollo Demand Response Management System software to manage both the C&I and residential demand response programs.
These contracts will give participating commercial, industrial and residential customers the ability to reduce load at times of peak electrical demand.
Comverge will begin mobilization of both programs effective immediately, with regulatory approval by the Virginia State Corporation Commission and implementation anticipated in early 2010.
Through the contract, Comverge will be the exclusive demand response provider for the utility’s large C&I customers enabling them to reduce the amount of electricity that is required at times of peak energy demand. Comverge was also selected as the hardware provider for the residential demand response program.
The deal will supply more than 150,000 residential customers with Comverge’s AMI-enabled, Dual Mode Digital Control Unit allowing them to more actively monitor their energy consumption. Both the residential and C&I systems will be managed by Comverge’s Apollo software platform which will allow for seamless integration of future smart grid developments.