Comverge Selected by PNM to Deploy and Manage Power Saver Program

NORCROSS, GA--(Marketwired - April 04, 2017) - Comverge, Inc., the leading provider of cloud-based demand response and energy efficiency solutions for electric utilities, today announced a new five-year plan with PNM to manage 60 megawatts (MW) of demand response capacity targeting residential and small commercial customers. The new agreement, which is scheduled to begin in 2018 pending regulatory approval, is a pay-for-performance contract where Comverge is only compensated when specific results are achieved.

The program will include direct install Wi-Fi thermostats as well as a bring your own thermostat (BYOT) approach using retail-purchased Wi-Fi thermostats. Comverge IntelliSOURCE Enterprise software will enable PNM to coordinate and communicate with all the devices. The IntelliSOURCE-Customer app will provide program participants with tools to better manage their energy use and save on energy bills through remote thermostat management and actionable tips that drive reduced energy consumption.

"We have enjoyed working with PNM for the last ten years and are delighted to have the opportunity to continue our relationship," said Dave Neal, Comverge Chief Operating Officer.

About Comverge
Comverge is the industry's leading provider of integrated cloud-based demand response, energy efficiency and customer engagement solutions that enable electric utilities to ensure grid reliability, lower energy costs, meet regulatory demands, and enhance the customer experience. Through its combination of software, hardware and services, Comverge helps utilities optimize every aspect of a demand management program, from participant recruitment and device installation to call center support, control events, and measurement and verification. Comverge has worked with hundreds of electric utilities to deploy nearly six million energy management devices and enroll more than two million residential customers into mass-market demand management programs. In July 2015, Navigant Research ranked Comverge the industry's number one demand response provider. For more information, visit www.comverge.com and follow us on Twitter at @Comverge.