Comverge (COMV) Adds More Than 100 MW Capacity To NV Energy Demand Response System

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10:29:28 am on August 19, 2009

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 the first opportunity for Comverge to take over an existing system and significantly expand and integrate management of numerous demand response assets on behalf of our utility partner. The success of this program, underscored by the record setting 2-year build out of more than an incremental 100 MW of residential and small commercial load reduction, confirms our strong track record of delivering on our commitments to our customers,” said Comverge Interim President & CEO, Michael Picchi. “NV Energy has long been a leader in alternative energy and this program speaks to their pledge to deliver creative energy solutions to their customers. It has given them the confidence to invest in advanced metering infrastructure, which will enable them to expand even further on these types of energy efficiency and demand response programs.”

“Comverge has demonstrated that it will do whatever it takes to bring value to its shareholders,” said Michael Brown, who manages NV Energy’s demand response programs. “NV Energy’s participation-based program with two-way communicating technology has required significant investment in back-office information technology and construction of new business processes that will translate into a more efficient rollout of demand response over smart grid platforms. Our companies have climbed a steep learning curve over the past two-years and are better positioned to capitalize upon and integrate the multi-vendor platforms that will bring dramatic operational flexibility and cost savings to utilities.”

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