Press Releases
Middlesex Regional Educational Services Commission Enlists CPower to Manage School Districts’ Energy ConsumptionSchools Positioned to Earn New Source of Revenue by Saving Electricity
NEW YORK - March 23, 2009 - CPower (www.cpowered.com), a leading energy management firm, today announced that it will manage energy consumption for 12 school districts served by the Middlesex Regional Educational Services Commission (MRESC), located in Piscataway, New Jersey. An estimated 20 schools within these districts will use CPower's energy management demand response solution to reduce their electric energy consumption, providing reliable relief to the regional electrical grid and contributing to the State of New Jersey's environmental sustainability initiatives.
CPower was selected to provide demand response services following a cooperative bidding process by the MRESC's Regional Energy Services Co-Op, where they evaluated providers, based on their program offerings, support services and reimbursement rate. Through the CPower demand response program, a number of public school districts and one municipality will be participating, and the MRESC will be extending enrollment to other school districts that qualify to participate.
Under the terms of the agreement, participating schools have committed to curtail at least 150 kilowatts (kW) of electricity upon request, thereby reducing stress on the grid during periods of peak demand and decreasing the need for utility providers to generate additional power. In exchange for their participation, the districts' boards of education will receive payments for their schools' contributions.
"Given today's economic climate, it's more important than ever for schools to find innovative ways to cut costs without cutting corners," said Patrick Moran, business administrator of MRESC. "CPower's demand response program not only allows our schools to save money by reducing electricity consumption in ways that do not impact students and faculty, but it also provides them with a much needed alternative source of revenue, which can help them close budget gaps."
"We are very excited to have partnered with MRESC, enabling them to bring demand response to their school districts," said Gary Fromer, CEO of CPower. "In addition to helping the schools save energy, it provides them with a new source of income that can be applied directly to help fund new energy efficiency and infrastructure improvement projects."
About MRESC
The Middlesex Regional Educational Services Commission serves approximately 75 school districts in 11 counties, in addition to the 24 school districts located in Middlesex County. The MRESC also offers a comprehensive Professional Development Academy for staff training, and the Collaborative Educational Services (CES) program, helping districts provide cost effective educational programs for special needs students within their neighborhood schools.
About CPower
CPower delivers targeted energy management services and solutions that enable companies to optimize their facilities and operations through strategic energy reduction initiatives, and earn market payments for those reductions. Through its advocacy for energy users, and partnerships with utilities and grid operators, CPower works to design and manage programs that maximize the rewards for energy reductions and provide reliable relief to grid operators. CPower works with clients and business partners across North America, including in the major energy markets of New England, New York, the Mid-Atlantic region, Texas, California and Ontario. The company's clients range from medium to large energy users, and span the industrial, commercial, retail and institutional markets, including Stanley Tools, CB Richard Ellis, Cushman Wakefield, Sears Holdings Corporation , NYU Langone Medical Center, and the Massachusetts State Division of Capital Asset Management.
PR Contact:
Nazli Ekim
Kwittken & Company
646.747.7167
nekim@kwitco.com