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Microfield's EnergyConnect, Inc. Reaches Milestone for Demand Response Service in Chicago
Portland, OR – January 30, 2008: EnergyConnect, a wholly owned subsidiary of Microfield Group, Inc. (MICG.OB), and industry leader in innovative Demand Response technologies, today announced its latest agreement to provide Demand Response services to a major Chicago office building. The agreement, which involves two million square feet of office space, is a significant milestone for EnergyConnect, bringing the total volume of metropolitan Chicago office buildings served by its demand response systems to over 50 million square feet.
“We are pleased to announce this most recent addition to EnergyConnect’s portfolio of Demand Response participants and recognize this latest milestone as further validation of EnergyConnect’s advanced products and services,” said Brian Gallagher, Vice President of Business Development for EnergyConnect. “We look forward to working with another member of the Chicago business community to fully leverage the opportunities available in today’s wholesale electricity market.”
In addition to being one of twenty major metropolitan areas in the U.S. being targeted as part of EnergyConnect’s aggressive growth strategy, Chicago is the first city where EnergyConnect pioneered its next generation Demand Response products and services in 2005. The city’s businesses continue to be early adopters of EnergyConnect’s industry leading technology which enables them to earn money for using electricity more intelligently. Today, EnergyConnect tailors Demand Response services to match the capabilities of a wide range of participating facilities in Chicago and nationwide; including residential high rises, government, education, and manufacturing facilities and buildings.
“This most recent agreement represents the continued success and momentum of EnergyConnect’s high-growth business model targeting a multi-billion dollar segment of the demand response industry,” said Randy Reed, Chief Financial Officer of Microfield Group. “We are pleased to see steady growth in the metropolitan Chicago market and look forward to mirroring this success in other regions of the country.”
EnergyConnect, Inc. (www.energyconnectinc.com) a wholly owned subsidiary of Microfield Group, Inc. provides industry leading Demand Response technologies and services that enable a smarter, more sustainable power grid while creating additional income for participating companies. EnergyConnect transforms energy consumers into active participants in delivering the cleanest, most efficient and lowest cost supply of electric energy available. The EnergyConnect web-based automated platform enables consumers of energy to participate in unprecedented profit opportunities in the wholesale market for electricity.
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