EnergyConnect, Inc. Launches Strategic Alliance to Provide SUEZ Energy Resources with Demand Response Services
Agreement Provides Electric Customers with Access to Innovative Demand Response Services
PORTLAND, OR–(BUSINESS WIRE)– EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News)), and industry leader in innovative Demand Response technologies, today announced an alliance with SUEZ Energy Resources NA, to provide Demand Response services to SUEZ customers in the mid-Atlantic and Midwest-based PJM market, the largest electric grid in the country. EnergyConnect’s cutting-edge Demand Response services enable a smarter, more sustainable power grid while creating additional profit for participating companies.
“Electricity consumers that actively participate in Demand Response can reduce electricity costs and generate a new source of income, while also helping ease the pressure on the nation’s power grids and energy infrastructure,” said Rodney M. Boucher, Chief Executive Officer of Microfield Group. “We are pleased to be partnering with SUEZ to provide their electric customers with access to our innovative Demand Response services.”
EnergyConnect helps participating companies easily and quickly shape electricity consumption to create new income streams during times when the electric grid is stressed. EnergyConnect’s proprietary web-based Demand Response platform provides real-time guidance and automated execution that allows customers to shape and curtail their usage patterns 24/7 in response to wholesale electric market prices.
“We are excited to join with EnergyConnect to provide innovative Demand Response solutions to our customers,” said Michel Sirat, president and CEO of SUEZ Energy Resources NA. “SUEZ is committed to offering our customers sustainable, environmentally friendly energy solutions. With EnergyConnect we provide the real-time service that our customers need to shape and curtail energy use, increase income and minimize risk.”
About EnergyConnect, Inc.
EnergyConnect, Inc. (www.EnergyConnectInc.com) , a wholly owned subsidiary of Microfield Group, Inc. provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms passive consumers of energy into active producers and participants to deliver the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity. For more information about this next generation technology, visit www.EnergyConnectInc.com
About SUEZ Energy Resources NA
Based in Houston, SUEZ Energy Resources NA currently serves commercial and industrial customers in 10 states: Texas, Massachusetts, Maine, Maryland, New York, New Jersey, Pennsylvania, Illinois, Connecticut, Delaware and also Washington, D.C. The company serves approximately 25,000 customer accounts, mainly with commercial and industrial customers having peak demands ranging from 50 KW to more than 200 MW, for a total contracted load of 4,500 MW. For more information about SUEZ Energy NA, visit www.suezenergyna.com/
Forward-Looking Statements
This press release includes statements that may constitute “forward-looking” statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause or contribute to such differences that include, but are not limited to, competitive factors, the success of new products in the marketplace, dependence upon third party vendors, and the ability to obtain financing. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.
For investor-specific information and resources, including news and stock quotes, please visit www.trilogy-capital.com/autoir/micg_autoir.html.
Contact:
Microfield Group, Inc.
Randy Reed, Chief Financial Officer, 503-419-3364
or
Trilogy Capital Partners
Financial Communications
Ryon Harms, 800-592-6067
Posted on Wednesday, February 13th, 2008 - Press Releases