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May 21, 2013

Comverge SmartPrice Named Smart Grid Product of the Year

By Rahul Arora, TMCnet Contributor

Comverge, Inc., a provider of Intelligent Energy Management solutions for Residential and Commercial & Industrial (C&I) customers, recently announced that it has won an award for its dynamic pricing solution. TMC (News - Alert), a global, integrated media company, and Crossfire Media have named Comverge SmartPrice as 2012 "Smart Grid Product of the Year".

"It is my pleasure to recognize Comverge SmartPrice with a Smart Grid Product of the Year Award for its contribution to the advancement of smart grid technologies," said Rich Tehrani (News - Alert). CEO, TMC. "I look forward to seeing more innovation from Comverge in the coming year."

Comverge SmartPrice is a dynamic pricing solution, which includes integrated software, hardware, and services. The solution helps the clients manage all types of dynamic pricing programs, including Time-of-Use (TOU), Critical Peak Pricing (CPP), Real-time Pricing (RTP), and Peak Time Rebate (PTR). An integrated suite of software and hardware, SmartPrice also offers flexible deployment options by using either a consumer’s broadband network, a cellular network, or advanced metering infrastructure (AMI) to enable a two-way information exchange.

"As a flexible, scalable and cost-effective solution, SmartPrice is the perfect option for any utility -- from investor-owned to publicly-owned to cooperatives -- looking to implement an automated dynamic pricing program," said R. Blake Young, president and CEO, Comverge. "We developed SmartPrice with over a decade of experience deploying sophisticated automated dynamic pricing programs, and are pleased to see it recognized as one of the Smart Grid products of the year."

In related news, Comverge recently appointed Robert "Bob" Warden as vice president of Partners and Alliances. A veteran in emerging technology and smart grid solutions, Warden will play an important role in developing a solution for energy management. Warden was previously serving a Service company as vice president of Energy Strategy for a consumer engagement Software.

Edited by Jamie Epstein

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