Comverge just announced the release of its new smart grid demand response system, the Apollo(R) Demand Response Management System. The Apollo can manage both commercial and residential energy needs as well as demand produced by charging plug-in hybrids and electric vehicles. This platform will be used in the Progress Energy Carolina EnergyWise(TM) project and by PEPCO Holdings. Robert M. Chiste, Comverge’s chairman, president and CEO, explained the advantages of this new product:
Comverge just announced a 5 year contract to provide demand response hardware and software to Progress Energy. Progress Energy will use Comverge’s products in its EnergyWise energy efficiency program. This is projected to save 170 MW of energy for Progress Energy during its peak energy use periods. Comverge will install in-home energy displays, smart thermostats and digital controls to homes in the program to help reduce energy consumption.
For the second year in a row, NJBiz has selected Comverge as one of the 50 fastest growing companies in New Jersey. The award was based on increases in sales, both as a dollar amount and as a percentage.
Comverge’s president and CEO Robert M Chiste commented on the award:
“With today’s challenging business climate, it is a significant milestone to be awarded for such an achievement two-years running. We continue to grow our employment
Comverge, Inc, just completed an energy-efficient lighting project in Times Square. The project involved replacing the lighting system in the Times Square Arts Center at the request of the property owner. As a result of the project, the building is expected to use 190,000 fewer kilowatt hours of energy per year, keeping more than 200,000 pounds of CO2 out of the environment. This should save the owners a nice chunk of change: an extra $35,000 … Read the rest
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