EnergyConnect, Inc. Expands Demand Response Offerings to New England
Company’s FlexConnect(TM) Provides New England Customers with More Demand Response Opportunities
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 that it is expanding its FlexConnectTM platform to the New England market.
EnergyConnect’s cutting-edge platform enables large electricity consumers to earn money by voluntarily curtailing power usage in response to high market pricing or regional shortages. The FlexConnect platform helps create a more efficient and reliable power grid, while also reducing greenhouse gas emissions and creating additional profit for participating companies. “New England businesses are exposed to some of the highest electricity prices in the country,” said Steve Schaefer, Senior Vice President of Sales & Marketing at EnergyConnect. “Our FlexConnect platform has been wildly successful in the PJM grid, particularly in the Philadelphia, Washington, DC and Chicago metro areas.”
The EnergyConnect FlexConnect platform differs from traditional demand response offerings in that it allows customers to make informed, automated decisions about when to engage in electricity load shifting or curtailment, based both on the company’s operational flexibility and on up-to-the-minute value of demand response on the open market.
“Our FlexConnect platform enables customers to minimize their total energy costs and generate recurring revenue by voluntarily engaging in demand response on their terms, when the time and pricing is right for them,” added Schaefer. “We expect our offering to be a much more attractive alternative for customers than the traditional energy curtailment programs previously available in the New England region.”
About EnergyConnect, Inc.
EnergyConnect, 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. For investor information, visit: www.microfield.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 further information, please contact:
Media Relations:
Kate Casolaro, kcasolaro@rasky.com, 617-443-9933 x338
or
Investor Relations:
Randy Reed, Chief Financial Officer, Microfield Group, Inc., 503-419-3580
or
Bristol Investor Relations
Glen Akselrod, 905-326-1888
Posted on Thursday, July 17th, 2008 - Press Releases