NORCROSS, Ga., Jan. 14, 2015 (GLOBE NEWSWIRE) -- Comverge Inc., the leading provider of demand management solutions for electric utilities, today announced it has agreements with electric utilities for the installation of more than 400,000 IP-based two-way devices. Comverge has already implemented 260,000 of these low latency and highly responsive two-way devices, and has agreements to deploy more than 140,000 additional devices. IntelliSOURCE, Comverge's enterprise software platform for managing demand management programs, enables electric utilities to create a two-way, real-time communication with the devices to increase the effectiveness of demand response, energy efficiency and customer engagement programs.
"In 2014, Comverge saw a rapid increase in the implementation of devices that utilize Wi-Fi or cellular networks to enable a two-way information exchange between electric utilities and their residential customers," said Gregory J. Dukat, Comverge chairman, president and CEO. "This strong momentum is set to continue into 2015 and we already have significant agreements secured for the new two-way devices. The best practices we have learned from our experience helping electric utilities establish a two-way information exchange with their customers will further strengthen our position as the leader in residential and mass market demand response programs."
Continued Dukat, "With our demand response optimization engine, Comverge can use the two-way information exchange to optimize resource performance for utilities and ISOs in addition to improving the customer experience."
IntelliSOURCE includes capabilities for demand response optimization that, when used in conjunction with Comverge IntelliTEMP DirectLink two-way smart thermostats or IntelliPEAK DirectLink two-way load control switches, enable utilities to improve the reliability, predictability and availability of forecasting and executing demand response control events. The improved forecasting capabilities enable utilities to improve peak demand management, better integrate renewable sources of energy, facilitate real-time energy trading decisions, and participate more effectively in capacity demand response programs. As a result, IntelliSOURCE helps utilities transform demand response from a resource typically used as a last line of defense to a location specific resource as reliable as traditional sources of supply, but with less cost, more flexibility and a smaller environmental footprint.
About Comverge
Comverge is an industry-leading provider of integrated demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands and enhance the customer experience. Through its combination of software, hardware and services, Comverge helps utilities optimize every aspect of a demand management program, from participant recruitment and device installation to call center support, control events and measurement and verification. Comverge has worked with hundreds of electric utilities to deploy nearly six million energy management devices and enroll more than 1.6 million residential customers into mass-market demand management programs. For more information, visit www.comverge.com and follow us on Twitter at @Comverge.