Comverge (COMV) Announces New 10-Year Agreement With Maryland State Agencies

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10:00:34 am on January 21, 2010

Comverge just announced that it has signed a new 10-year agreement with the University of Maryland to provide demand response services at state agencies and University of Maryland campuses. This agreement is an extension of an existing agreement with the University of Maryland. Over the past two years, Comverge has already achieved load reductions of over 20 million kilowatts.  Under the new agreement, Comverge will continue to help UMD save energy by continuing to offer load profiling and IT support, energy audits, site assessments, metering and system integration.

In a press release,   George Hunt, Comverge Senior Vice President, Commercial & Industrial Sales, commented on the news:

“We are pleased to be extending our partnership and helping these state agencies contribute to Maryland’s aggressive energy goals in the coming years. This new agreement will allow all state agencies to take advantage of new programs as they are developed with PJM. The revenue that can be generated through these programs coupled with recent federal stimulus funding will make demand response, energy efficiency and permanent energy reduction projects more accessible to support the long-term conservation goals of Maryland.”

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