22 Dec '11, 9pm

Comverge: Building South African Demand Response From Ground Up: Comverge has just landed its first outside-th...

Comverge: Building South African Demand Response From Ground Up: Comverge has just landed its first outside-th...

Comverge has just landed its first outside-the-U.S. demand response services contract, and it’s a big one: the company will set up and manage Africa’s first market-based system for trading the ability to turn down power use for money. Comverge announced the contract with South African utility Eskom on Tuesday, and it’s an interesting new model for a region that lacks the kind of organized demand response markets that exist in the United States. It’s also a new role for Comverge, which has been struggling to keep up against first-place demand response provider EnerNOC in its home U.S. markets while seeing its stock lose about 80 percent of its value over the past year. Whether the Eskom deal represents a breakout line of business that can push the company to profitability or a sideshow to its faltering performance at home remains to be seen. Between now and March 2013, Esko...

Full article: http://www.greentechmedia.com/articles/read/comverge-buil...

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