Comverge Selected For OG&E Smart Grid Program
December 16, 2009 (FinancialWire) — Comverge, Inc. (NASDAQ: COMV), a provider of smart grid, demand management and energy efficiency solutions, said it has entered into an agreement with OG&E to be a key partner in the Oklahoma City-based utility’s Positive Energy(R) Smart Grid demand response program.
OG&E was recently notified by the U.S. Department of Energy that its application for $130 million in stimulus funding to accelerate the smart grid deployment across its entire service territory was accepted for award, pending final negotiations. The company plans a home area network demand response study to determine if residential and commercial utility customers will chose to shift electricity use during times of peak energy demand to manage costs and lessen the strain on the grid. The study will be conducted with participating customers in Norman, Okla. during the summers of 2010 and 2011.
The turnkey agreement includes demand response consulting work, installation scheduling, call center operations and full marketing support to recruit customers for the time-of-use pricing program.
Comverge, with over 3,300 megawatts of clean energy capacity under management, is a provider of clean energy solutions that improve grid reliability and supply electric capacity on a more cost-effective basis than conventional alternatives by reducing base load and peak load energy consumption.
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