Comverge Unveils Vision for Intelligent Energy Management - Provides Framework for Industry to Address Existing and Future Energy Management Challenges
Norcross, GA, October 18, 2010 - 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.
