Microfield Group to provide demand response for PJM
This contract, the largest such comprehensive state program to date in PJM, further validates the CompanyÂ’s high-growth business model that targets a $12 billion segment of the demand response marketplace in 20 major U.S. metropolitan centers.
The new agreement also rapidly increases EnergyConnectÂ’s total participant peak electricity load involved in demand response by more than 500 megawatts, including major government and educational institutions.
“Being selected as the provider of demand response services for this state is a major win for Microfield and a clear testament to the competitive strength of EnergyConnect’s innovative technology and products,” said Rodney M. Boucher, Chief Executive Officer of Microfield Group. “We are gratified to receive this independent verification of our EnergyConnect programs as best-of-breed in the national demand response sector of the alternative energy industry.”
The new agreement raised the number of Building Equivalents (BE) by more than 100 during the third quarter of fiscal 2007. One BE is equal to approximately 1 million square feet of commercial space in a large building, a campus or an industrial site.
EnergyConnect has targeted an estimated 1500 BE for fiscal 2007 as a means to quantify the CompanyÂ’s future growth expectations.
MicrofieldÂ’s EnergyConnect division ushers in a paradigm shift in the sector traditionally known as demand response. EnergyConnectÂ’s real time auto-response technology allows participants to capitalize on hourly price fluctuations and daily commitments, as well as emergency response services to maintain grid stability. In addition to these previously untapped revenue streams, EnergyConnectÂ’s industry leading technology allows the Company to meet the unique needs of each participant, resulting in a significantly larger target market with ample opportunities for growth.
The agreement announced today further enhances a year of growth marked by the substantial year over year increases in revenue for MicrofieldÂ’s EnergyConnect products and services reported by the Company in 2007.
Related News
B.C. Diverting Critical Minerals, Energy from U.S
VANCOUVER - British Columbia Premier David Eby has raised concerns that U.S. tariffs on Canadian softwood lumber are prompting the province to redirect its critical minerals and energy resources away from the United States. In a recent interview, Eby emphasized the broader implications of these tariffs, suggesting they could undermine North American energy security and economic collaboration.
Since 2017, the U.S. Department of Commerce has imposed tariffs on Canadian softwood lumber imports, alleging that Canadian producers benefit from unfair subsidies. These duties have been a persistent source of tension between the two nations, significantly impacting British Columbia's forestry sector—a cornerstone…
