HOUSTON, Feb. 11, 2013 (GLOBE NEWSWIRE) -- Vedero Software, a leading provider of software solutions for automated demand response, and Champion Energy Services, a leading retail electric provider, today announced a partnership delivering an automated demand response solution to commercial customers in North America.
Demand response programs compensate participants for their willingness to reduce electricity consumption at key times such as when the threat of blackouts looms due to lack of supply to meet demand. Commercial buildings including office complexes, hospitals, schools, universities, and data centers consume more than 40% of the electricity in North America, and the operators that manage these buildings are keenly interested in participating in demand response programs. However, curtailing electricity must be balanced to accommodate the needs of the building occupants. Vedero Software meets the emerging critical requirement of providing a robust platform that ensures maximization of demand response events, while maintaining occupant comfort.
"We understand that automation is imperative, given the complex nature of our customers' buildings and the need to respond in minutes to demand response events," said Scott Fordham, President and CEO of Champion Energy. "Automated Demand Response through Vedero Software is yet another way Champion Energy Services can add value to our commercial clients."
Champion Energy and Vedero are teaming to jointly offer the Vedero Software Solution to commercial accounts. Champion Energy personnel have a deep understanding of the needs of their clients and can facilitate a demand response solution that rewards customers financially for their ability and willingness to reduce electricity consumption.
"The team at Champion Energy truly 'Get it' when it comes to mapping solutions to the energy needs of their clients, and we are proud to be teaming with them to generate revenue and cost savings for our mutual clients," said Joe Pollard, CEO and Co-Founder, Vedero Software.
About Vedero Software
Vedero Software provides software and services to instrument and automate commercial buildings for energy responsiveness. This enables our customers to generate cash, reduce energy costs, and generate added services to attract and retain tenants, thereby increasing the value of their buildings. Our automated energy management solutions help grid operators supplement, avoid or defer costly investments in generation, transmission and distribution facilities and enhance the reliability of electric power. Our solutions are used by large commercial organizations to automate demand response events in conjunction with their energy provider, and meet their sustainability goals. Visit us at http://www.vederosoft.com.
CONTACT: Vedero Software, Joe Pollard, President and CEO, joe.pollard@vederosoft.com; 972-309-9844
About Champion Energy Services
www.championenergyservices.com
Houston-based Champion Energy Services is one of the fastest-growing and largest retail electric providers (REPs) in the nation and one of the top REPs never to have been affiliated with a utility. Champion Energy currently serves residential, governmental, commercial and industrial customers in deregulated electric energy markets in Texas, Illinois, Pennsylvania, and New Jersey; governmental, commercial and industrial customers in Ohio and Maryland; natural gas customers in Illinois and plans to begin serving customers in New York in the second quarter of 2013. The company has ranked "Highest in Residential Customer Satisfaction with Retail Electric Service, Three Years in a Row" according to the J.D. Power and Associates 2010-2012 Texas Residential Retail Electric Provider Customer Satisfaction Studiessm.* Backed by the financial strength of Texas-based Crane Capital and EDF Trading North America, LLC, the company currently serves more than 1.4 million residential customer equivalents, with a peak load near 3,600 megawatts. PUCT No. 10098, PA PUC license A-2009-2124113, Ohio PUC certificate 09-166E(1), Illinois (ICC) docket 10-0168, New Jersey BPU license ESL-0082 and Maryland IR-2196.
* For J.D. Power and Associates award information, go to www.jdpower.com.
CONTACT: Scott Fordham, President & Chief Executive Officer, +1-281-653-1813, sfordham@championenergyservices.com.
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