updated 10/18/2010 8:15:47 AM ET 2010-10-18T12:15:47

NORCROSS, Ga., Oct. 18, 2010 (GLOBE NEWSWIRE) -- Comverge, Inc. (Nasdaq:COMV) today unveiled its vision for Intelligent Energy Management, the next-generation of software, hardware, and services that help electric utilities, commercial and industrial (C+I) organizations and consumers optimize energy usage. By addressing today's energy challenges and managing the complexities of the smart grid, Intelligent Energy Management build's on Comverge's long history of pioneering innovative programs that directly address complex supply and demand challenges.

"Balancing supply and demand across our electricity grid has always been critical to avoiding needless waste, expense, black outs and excess carbon dioxide emissions. Complexities from the smart grid will only bring additional challenges," said Comverge President and CEO, R. Blake Young. "We have been working with customers for more than 30 years to manage these complexities and that experience puts Comverge in the perfect place to deliver Intelligent Energy Management solutions. By leveraging two-way information exchange and incorporating innovative enterprise-class software capabilities, we are able to serve all customer classes and support the integration of next generation applications for renewables, PEVs and dynamic pricing."

With outages and issues with power quality already costing U.S. businesses more than $100 billion each year, it is clear that the current electricity grid is unable to effectively balance supply and demand. The introduction of sustainable and "smart" technologies such as electric vehicles and renewable energy resources increases the complexity by placing further strain on a system built on technologies developed more than 100 years ago. Intelligent Energy Management mitigates these challenges and gives providers and consumers of energy the insight and control they need to make informed decisions about usage.    

The Move to Intelligent Energy Management

  • Building on established demand response technologies, Intelligent Energy Management incorporates the insight and control needed to realize the value from a true two-way dialogue between energy providers and consumers.
  • An Intelligent Energy Management solution consists of a comprehensive enterprise-class platform, highly sophisticated hardware and a diverse portfolio of next-generation services that can serve all customer classes. It includes the hardware, software and services required to acquire, manage, control, measure, analyze and optimize the information and resources necessary to conserve energy, manage peak load or comply with government regulations.
  • Intelligent Energy Management delivers bottom-line and operational benefits for:

-- Utilities: By enabling greater visibility into energy consumption data and trends, Intelligent Energy Management can help utility companies more accurately predict demand, control supplies and cut the expense, inefficiency and carbon pollution associated with bringing peak power plants online.
-- Commercial & Industrial Users: Intelligent Energy Management can also help commercial and industrial users cut their overall energy footprint, lower electricity bills, more easily comply with new energy- and environment-focused regulations, and enhance their brand reputations and marketability to increasingly green-minded customers.
-- Residential Consumers: By gaining both real-time and historic insights into their consumption patterns, consumers can better understand how to save energy, reduce their power expenses and control their usage to take advantage of lower-cost, off-peak billing.

  • With an operating platform that enables true two-way information exchange, Intelligent Energy Management solutions support next-generation applications dedicated to harnessing renewable energies and supporting the infrastructure for electric vehicles.

Supporting Quotes

  • "The PECO Smart Ideas suite of programs are part of PECO's ongoing efforts to help customers save energy and money," said Frank Jiruska, director of Energy and Marketing Services, PECO. "To meet that commitment to customers, we needed a partner that could cost effectively deliver a comprehensive and proven platform to support both our current and future energy efficiency initiatives. After careful evaluation, Comverge was a clear choice given the scale and scope of our programs. Their experience and presence in the region, combined with the breadth of their turnkey services, will help us empower our customers with the information they need to reduce energy consumption and ultimately save money."
  • "A combination of factors including state regulation and a desire to reduce campus costs led us to reexamine our energy usage," said Michael Krone, PE, CEM, Utility Operations Manager, University of Maryland, Baltimore. "To do this, we partnered with Comverge and the energy reductions we have been able to achieve are incredible. Looking at the last two years alone, we have been able to reduce our electricity load by more than 20 million kilowatt hours. To put that into perspective, that's the equivalent of two months of the school's electrical consumption, or put another way, enough electricity to power 10,000 homes for the same period."  
  • "Pennsylvania is committed to changing the way we think about energy," said Pennsylvania Senator, Bob Mensch. "To achieve that goal, we have passed the most progressive energy standards in the country and also partnered with Comverge, a company with extensive energy management experience. Comverge's comprehensive energy management solutions will help us meet the aggressive energy efficiency targets we've put forward in Act 129 and improve the reliability of our electric grid. The programs they have developed will put dollars back into our budget, while helping people who live and do business in our state save money."
  • "The demand response market is clearly evolving as it gains traction in the commercial, industrial, and residential sectors," said Casey Hogan, Research Analyst, IDC Energy Insights. "Utility and C+I customers are increasingly looking to more integrated energy management solutions that allow them the advantage of not only demand response opportunities, but also the wide array of new ventures in the emerging smart grid marketplace. Demand response technologies, therefore, need to become part of a broader suite of services that intelligently manage energy supply and demand to keep up with the changing landscape of the energy markets."

Supporting Resources

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 www.comverge.com.

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