NORCROSS, Ga., Sept. 13, 2010 (GLOBE NEWSWIRE) -- Comverge, Inc. (Nasdaq:COMV), the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial customers, today announced it has appointed Jeff Bladen as vice president of regulatory, markets and government affairs. Bladen will primarily oversee Comverge's regulatory and open market policy efforts. In addition, he'll serve as the company's liaison with federal and state regulators, legislators and the executive branch. Bladen joins Comverge during a strong 2010 that has seen increased adoption of its Apollo(TM) Platform and comprehensive suite of innovative technology, services and information management solutions.
"To help our customers address increasingly complex energy management challenges, I am committed to assembling the strongest management team in the industry," said Comverge President and CEO R. Blake Young. "Jeff brings unique and highly valuable experience to Comverge and we are very pleased to have him joining the team."
Bladen has more than 15 years of management experience in the energy sector and before joining Comverge, he led the wind farm development strategy at Gamesa's North American division, a company specializing in sustainable energy technologies. Prior to Gamesa, Bladen was responsible for long term strategic planning at PJM's regional transmission and electricity markets. In that role, he led PJM's market strategy sub-division, directly overseeing departments focused on retail markets, demand response, alternative and renewable resources, and economic analysis. Bladen also has extensive experience in public policy having worked as an aide in the U.S. Congress, the Michigan State Legislature and state politics in New York.
"This is an exciting time to join a respected and innovative energy management company," said Jeff Bladen, vice president of regulatory, markets and government affairs, Comverge. "The supply and demand challenges faced by our nation mean that it is vital for policy makers to understand the energy market and the opportunities it presents. In my new position at Comverge, I aim to play a pivotal role in shaping policy that promotes intelligent energy management as a key component of the sustainable energy mix. Good public policy will lay the groundwork for us to help our customers realize the promise of the smart grid."
Jeff joins Comverge during a very successful 2010. In August, the company announced a contract extension to support the TXU Energy iThermostat(TM) program through to 2012, which includes the installation of 100,000 residential and commercial energy management devices. Earlier in the year, Comverge signed a new agreement with PECO to install 145,000 residential and commercial energy management devices and also extended a long-standing and successful agreement with NV Energy to enable the industry's largest smart grid ready residential program. In addition, Comverge secured more than $74 million in expected future contracted revenues in the PJM Interconnection market as a result of the 2013/2014 Reliability Pricing Model Base Residual Auction. The award extends Comverge's recent growth in the C+I market, following an increase of more than 456 megawatts (MW) under management in the first half of 2010.
About Comverge
With more than 500 utility and 2,100 commercial customers, as well as five million residential deployments, Comverge brings unparalleled industry knowledge and experience to offer the most reliable, easy-to-use, and cost-effective intelligent energy management programs. We deliver the insight and control that enables energy providers and consumers to optimize their power usage through the industry's only proven, comprehensive set of technology, services and information management solutions. For more information, visit .
CONTACT: Comverge Marie Bahl 678.802.8371 mbahl@comverge.com