Comverge Announces 30 MW Expansion Of Virtual Peaking Capacity Contract With SDG&E

Mahwah, NJ - Acorn Factor, Inc. announced recently that its equity affiliate, Comverge, Inc., provider of clean energy solutions through demand response, announced it has entered into an agreement with San Diego Gas & Electric (SDG&E) to expand its Demand Response Capacity Delivery Agreement to provide an additional 30 megawatts of electric capacity. With the expansion, Comverge will provide SDG&E with up to 100 MW of Virtual Peaking Capacity. The agreement is subject to approval by the California Public Utility Commission. With this expansion and its recently announced new VPC agreement with Public Service Company of New Mexico, Comverge now has over 310 megawatts of capacity under contract.

Robert M. Chiste, Chief Executive Officer of Comverge stated, "This expansion is further confirmation that Comverge's VPC programs provide win-win solutions for electricity providers and their energy customers. We are indeed gratified with the confidence SDG&E has shown in Comverge as exemplified by this expansion; a confidence earned through three years of operational excellence under SDG&E's current VPC program."

SOURCE: Acorn Factor, Inc. and Comverge Inc.