Comverge IntelliSOURCE Software Platform to Support Continent's First Competitive Market for Demand Response Resources
Comverge to Both Manage and Provide Curtailment Services for Eskom in Newly Formed South African Demand Response Market
NORCROSS, Ga., Dec. 20, 2011 (GLOBE NEWSWIRE) -- Comverge, Inc. (Nasdaq:COMV), the leading provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, today announced that it has been selected by Eskom, the largest electricity provider in Africa, to manage its complex supply and demand challenges by creating and co-managing Africa's first open market for demand response resources. Under the terms of the approximately $27 million agreement, Comverge will deploy the IntelliSOURCE 2.0 platform for Eskom to register, dispatch and operate a new competitive demand response market in South Africa for an initial 500 Megawatts (MWs) of demand response resources. In addition, the agreement calls for Comverge to provide at least 100 MWs directly as one of the new curtailment service providers (CSPs) serving this newly established market.
"We are excited to launch the Eskom Demand Response Aggregation Pilot Programme (DRAPP) to leverage the power of demand response to help ensure greater grid reliability across South Africa," said Andrew Etzinger, senior general manager Integrated Demand-Side Management, Eskom. "With Comverge, we have one of the world's most experienced demand response providers as a partner in these efforts and together, we will deliver a comprehensive and very successful program to benefit local companies and help us optimize energy usage."
Headquartered in Johannesburg, South Africa, Eskom generates, transmits and distributes approximately 95 percent of the electricity used in South Africa and approximately 45 percent of the electricity used in Africa. With peak demand in South Africa at around 37,000 MW, Eskom selected Comverge to help balance supply and demand across a diverse customer base that includes industrial, mining, commercial, and agricultural customers and redistributors.
"This new partnership with Eskom, the largest electricity provider in Africa, validates the power of Comverge's integrated Intelligent Energy Management (IEM) solutions and demonstrates how they can help address some of the most complex electricity supply and demand challenges in the world," said R. Blake Young, president and chief executive officer, Comverge. "Working closely with Eskom, Comverge will establish the first sophisticated, broadly available capacity market in South Africa and help launch a network of curtailment service providers.