CPower Poised to Make Next Generation of Smart Grid a Reality
CPower's Demand Response and Energy Efficiency Programs Named a Smart Grid Innovation in
VentureBeat's Innovation Competition at GreenBeat 2009
SAN MATEO, Calif., Nov. 24 /PRNewswire/ -- CPower, a leading energy management firm, today
announced that it has been selected as a winner of the first Innovation Competition at GreenBeat 2009,
the seminal conference on the Smart Grid. With its demand response and energy efficiency programs,
CPower is playing a critical role in ensuring electricity consumers, utility providers and energy efficiency
product and services vendors are able to realize the full value of their investments in Smart Grid
infrastructure and technology. CPower is accomplishing this by leveraging the information and visibility
that the Smart Grid provides to help its clients and partners execute short-term demand changes, as well
as deliver long-term permanent energy use reductions, in response to the dynamic needs of the electricity
grid. As a result, CPower's customer and business partners help increase grid reliability and minimize
price volatility, while earning market payments for those reductions.
"We and our customers and business partners are honored to receive this prestigious recognition from
VentureBeat," said Gary Fromer, CEO of CPower. "CPower takes pride in being one of the pioneers and
innovators in the demand response and energy efficiency markets, and we look forward to continuing to
accelerate the impact of electricity end users and our wide business partner community as we take on
new energy challenges and work to achieve our collective goals for clean, reliable and stable electricity
supply."
A few weeks ago, President Obama announced more than $3 billion in stimulus grants to improve and
"smarten" the national grid pushing the concept of a modernized electricity network into the limelight. At
the same time, the Innovation Competition invited organizations with products that promised to wield
significant impact on the power grid's ability to become smarter to pitch their ideas in front of a world class
group of industry influencers at GreenBeat 2009. CPower was selected from more than 50 applications
as one of the top ten innovations that will shape the future of the grid.
"Reflective of the growing public awareness for the smart grid, VentureBeat was impressed by the
competitiveness of this year's contest," said Matt Marshall, founder and CEO of VentureBeat. "With
CPower leading the way, we are confident that the technologies represented by these companies will
drive the way to an efficient, carbon-reduced super grid with enormous potential to increase reliability of
power delivery and reduce our carbon footprint worldwide."
GreenBeat 2009 took place November 18-19, 2009, in San Mateo, California. More information on the
GreenBeat 2009 Innovation Competition, along with this year's winners, is available at
http://www.cpowered.com.
About GreenBeat 2009
The seminal conference on the Smart Grid, GreenBeat 2009 will bring together leading entrepreneurs,
investors, utilities, technology executives and policymakers to accelerate the development of a leaner,
more efficient electrical grid. With a laser focus on new technology offerings, GreenBeat 2009 is the mustattend event in the space for discussion, debate and power networking. For more information about this
event, hosted by VentureBeat, please visit http://events.venturebeat.com/greenbeat2009/.
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 across North America,
including those 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, Cushman Wakefield,
Sears Holdings Corporation, NYU Langone Medical Center and the Massachusetts State Division of
Capital Asset Management.
About VentureBeat
VentureBeat, founded in 2006 to cover news and perspective about innovation for forward-thinking
executives, has emerged to become one of the "best blogs on the Web." according to the New York
Times. It was recently called the most "influential business blog" by Text100, a public relations company
that surveyed citations by mainstream news publications. VentureBeat runs several conferences,
including GamesBeat, MobileBeat and GreenBeat. It also produces www.DEMO.com, the leading
conference for emerging technology product launches.