EON E ON Ag

Comverge Announces 30 MW Expansion of Virtual Peaking Capacity(TM) Portfolio EAST HANOVER, N.J., June 28 /PRNewswire/ -- Comverge, Inc. announced today that it has added an additional 30 MW of capacity to its Virtual Peaking Capacity(TM) (VPC(TM)) contract portfolio through the expansion of an existing contract. The first fully-outsourced business model of its kind to receive regulatory approval in 3 states, the VPC(TM) programs target residential and small business customers in a utility's service area in order to reduce peak load. Entirely owned and operated by Comverge, the programs provide much needed relief to strained grid conditions during peak summer months by cycling participants' central air conditioning units. Concentrated on direct load control for the present, the programs are built on migratable technology that provides the foundation for a future thermostat-based price-responsive program. Frank Magnotti, President and COO of Comverge's Enterprises Group, stated "We are very pleased with the recent regulatory approval of this expansion. We feel that the confidence regulators have placed in our experience and migratable technology speak to the proven reliability and effectiveness achievable through our programs. We look forward to implementing this fully outsourced residential load management system and working with our clients to achieve outstanding results for tomorrow, today." About Comverge, Inc. Comverge, Inc., The Power in Power Technology(TM), is a leading energy intelligence company recently recognized as one of Red Herring's Top 100 Private Companies in North America for 2005. Comverge's investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc. (OTC: DSSI) (BULLETIN BOARD: DSSI) , E.ON Venture Partners GmbH (NYSE:EON), Ridgewood Capital, Easton Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE:NHY), Rockport Capital Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies (NYSE:RD). Comverge is represented across the world with offices and research facilities in Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel. Providing software and system solutions to over 500 clients in the electric utility industry, Comverge implements both integrated and outsourced solution based models for remote meter reading, distributed generation monitoring, and time- of-use billing and demand response, and direct or voluntary load control initiatives. For more information visit http://www.comverge.com/. Media Contact At Comverge, Bud Vos, Vice President of Marketing, 973.884.5970, DATASOURCE: Comverge, Inc. CONTACT: Bud Vos, Vice President of Marketing, Comverge, +1-973-884-5970, Web site: http://www.comverge.com/

Copyright