Comverge Announces Multi-Year Demand Management Program with Progress Energy Carolinas

Comverge, Inc. announced that it has entered into an agreement with Progress Energy Carolinas (PEC) to provide demand response hardware, software, software hosting services and project support in connection with PEC’s new EnergyWise(TM) residential demand response and energy efficiency program. The exclusive agreement has an initial term of five years. When fully implemented, the program is expected to provide up to 170 megawatts of peak load reduction.

“We are pleased with the confidence placed in Comverge by PEC as it rolls out its residential demand response program,” said Robert M. Chiste, chairman, president and CEO of Comverge. Mr. Chiste added, “This agreement is only the latest validation of the success Comverge is experiencing in its Clean Energy Solutions Group. We believe that smart grid deployments and energy efficiency are the major rapidly deployable components in a national drive toward energy independence and our business solutions position us to be an industry leader in accelerating these initiatives.”

Rob Caldwell, Progress Energy vice president for Efficiency and Innovative Technology, noted: “The EnergyWise program will bring significant benefits to PEC and help us to better manage the energy demands of our customers. We’re committed to helping our customers use energy responsibly, and Comverge’s expertise will help us achieve that goal and execute the EnergyWise program efficiently.”