Press Releases
CPower Awarded Exclusive Statewide Massachusetts ContractState Agencies to Reap Benefits from CPower’s Demand Response and Permanent Peak Reduction Services
NEW YORK - May 18, 2009 - CPower (www.cpowered.com), a leading energy management firm, today announced it has been awarded an exclusive statewide contract by the Division of Capital Asset Management (DCAM) to provide demand response and permanent peak reduction services to Massachusetts state facilities.
Under the terms of agreement, CPower will renew its existing demand response capacity of 25 megawatts (MW) in the region and contribute an additional 25MW of capacity, through the 30 Minute Real Time Demand Response and 30 Minute Real Time Emergency Generation Programs. These two programs, offered through ISO New England, the independent system operator responsible for managing New England's electrical grid, enable facilities to participate in demand response through both load curtailment and emergency generation.
CPower will also offer On Peak Hours Demand Resources Projects, a permanent peak reduction program for state agencies introduced by ISO New England. This new program provides participants payments for energy efficiency, distributed generation and load management projects based on a project's permanent peak demand reduction value.
With this new state-wide contract, other public sector entities, such as municipal buildings, county facilities and facilities belonging to water, building, and transportation authorities may now participate in CPower's Demand Response Programs and On Peak Hours Demand Resources Projects.
In 2005, ISO New England opened a competitive bid for energy capacity in response to concerns about the region's gas and power supply. At that time, CPower was one of two providers that were awarded capacity. Originally positioned to be a one-year contract, CPower's contract was extended by the state of Massachusetts for three years and during that time, Massachusetts increased the number of participating agencies in CPower's programs and doubled its capacity. The state was unable to extend the existing contract for a second time and opened a bid for a new contract, which was awarded exclusively to CPower.
"As energy costs continue to climb, it becomes increasingly vital to manage electricity usage and costs. CPower enables our state agencies to do just that in the most effective and economical manner possible," said Mark Nelson, Deputy Commissioner of Division of Capital Asset Management. "CPower has proven its value to the state over the past several years with its comprehensive portfolio of demand response services and expertise in managing our agencies' participation in the programs. We are confident in their ability to oversee additional programs with our agencies and help ensure that a consistent electricity supply is maintained throughout the state."
DCAM client agencies that currently participate in CPower's demand response program include the University of Massachusetts Amherst, Massachusetts Department of Corrections, Holyoke Soldiers Home, Massachusetts Hospital School, Massachusetts Information Technology Center and Barnstable County Jail.
"We are very excited to extend our relationship with the Division of Capital Asset Management and increase the state's participation in demand response," said Gary Fromer, CEO of CPower. "Not only will participants receive credits in exchange for committing to reduce energy consumption when called to do so, but they will also help alleviate supply constraints throughout the state and generate a new source of funding for additional energy initiatives."
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:
Maureen Shaw
Kwittken & Company
646-747-7155
mshaw@kwitco.com