Comverge just announced that its PowerPortal(R) in-home display has received Zigbee’s Smart Energy Certification. Comverge currently offers 2 other Zigbee-certified product: their Digital Control Unit and their Programmable Communication Thermostat. Zigbee’s Smart Energy Profile creates a wireless home area network that allows both customers and utilities to connect with smart appliances without installing broadband. Comverge’s Power Portal connects this technology to smart meters outside the home, bringing in important information about electricity prices as well … Read the rest
Tag Archives: COMV
Brean Murray Initiates AMSC, ENOC With Buy; COMV, ELON At Hold
Brean Murray has initiated coverage on four green stocks this morning. American Superconductor (AMSC) and EnerNOC (ENOC) get Buy ratings from the firm while Echelon (ELON) and Comverge (COMV) get Hold ratings.
Hat tip to StreetInsider.com for the following analyst comments:
“Buoyed by an experienced management team and strong wind energy market growth in China, AMSC’s revenues grew from $52 million in FY06 to $183 million in FY08. With a continuation of the current wave … Read the rest
Comverge’s (COMV) Southern California Edison (VPC) Contract Approved
Comverge just announced that its 4-year, 40 megawatt Virtual Peaking Capacity (VPC) contract with Southern California Edison has been approved by regulators. The approvalmeans that Comverge can begin work on a demand response system that will increase the reliability of Southern California Edison’s grid during times of heavy use.
In a press release, executives from both Comverge and Southern California Edison commented on the news:
“The rollout of our program with SCE will provide … Read the rest
Comverge (COMV) Adds More Than 100 MW Capacity To NV Energy Demand Response System
Comverge just announced that it has successfully added more than 100 MW capacity to NV Energy’s demand response system. The project involved taking NV Energy’s existing 20 MW system and increasing its capacity by 100 MW. Comverge completed this task within 2 years of the contract being awarded. This is one of the industry’s fastest implementation timeframes to date.
In a press release, executives from both companies commented on the news:
“This program was … Read the rest
Comverge (COMV) To Sell Up To $100 Million In Stock, Shares Pressured
Shares of Comverge (COMV) will likely come under further selling pressure tomorrow morning on news the company has filed a shelf registration statement with the SEC which permits the company to offer and sell up to $100 million in securities. While the company has no immediate plans to offer shares, it gives them the flexibility to raise cash quickly should the need arise. Considering COMV took out support of the 50 day moving average today, … Read the rest
Comverge (COMV) Gets Buy Rating From Ardour Capital
Ardour Capital upgraded Comverge (COMV) this morning from Accumulate to Buy and raised the price target to $17.
Hat tip to StreetInsider.com for following analyst comment:
“COMV’s 2Q09 revenues were in line with our estimates and the Company is on track to meet FY09 targets. We are impressed with COMV’s progress in the build-up of its megawatts under management portfolio. In our view, strategic partnerships put COMV in a strong position to drive future growth.” … Read the rest
Comverge (COMV) Snags Deal With Virginia Utility
Comverge just announced that its demand-response software has been chosen by a Virginia utility. The utility and Comverge have signed a multi-faceted agreement which includes the following elements:
A 5-year, 117 megawatt (MW) commercial and industrial (C&I) Virtual Peaking Capacity((R)) (VPC) contract
An agreement for Comverge to supply the utility with 150,000 advanced metering infrastructure (AMI)-enabled energy management devices to be used it its customer’s homes.
An license for the utility to use Comverge’s Apollo((TM)) … Read the rest
Comverge (COMV) Chosen As Pennsylvania’s New Demand Response Partner
Comverge just announced that it has been chosen to provide demand response services as part of a new partnership with the state of Pennsylvania. Comverge was chosen using a competitive bidding process to help the state with its demand response pilot system. The program is starting with four government building this summer. If it’s a success, all government buildings in Pennsylvania, including schools, hospitals, jails and prisons, will eventually be given the chance to participate.… Read the rest
Comverge (COMV) And Itron (ITRI) Announce Milestone in Collaboration
Comverge and Itron just announced that they have a reached a milestone in their smart grid collaboration. They have successfully integrated Comverge’s Apollo(TM) demand response platform with Itron’s Open Way(TM) advanced metering infrastructure. The integration will allow utilities to better communicate with energy management devices for demand response events and to manage demand on the grid during times of heavy usage.
In a press release, executives from both companies commented on the milestone:
“This … Read the rest
Comverge (COMV) Gets Approval For 165MW Demand Response Contract, Secures 680MW Capacity
Comverge (COMV), a demand response up and comer similar to EnerNoc (ENOC), has announced this morning that it has approved regulatory approval for its 15 year, 125 MW contract with Arizona Public Services originally announced in September of last year. It’s the largest commercial & industrial VPC demand response contract in the industry to date and will enable Arizona Public Services to help its customers reduce the amount of electricity that is required at peak … Read the rest