Message #5 From:
Stock News Bot Date: November 16, 2006 05:00:00 AM
MICG News Microfield's EnergyConnect Provides Automated Synchronous Reserve Services Systems at University of Pennsylvania and Haverford College
PORTLAND, Ore.--(BUSINESS WIRE)--Microfield Group, Inc. ("Microfield") (OTCBB: MICG) today announced that
its subsidiary, EnergyConnect, Inc. ("EnergyConnect"), is installing its
completely integrated and automated solution for Synchronous Reserve
Services (SRS) at the University of Pennsylvania and at Haverford
College. SRS is the first line of defense that grid operators maintain
for responding to system disturbances and has historically been a
service only supplied by large power plants. The Federal Energy
Regulatory Commission recently approved provision of this service by
consumers in the PJM Interconnection. SRS is purchased by the grid
operator (PJM) from large users that can quickly increase output from
on-site generation or reduce their electricity within ten minutes.
EnergyConnect’s system enables participation
in this service for consumers who otherwise could not partake in it.
When EnergyConnect receives a request from the PJM Independent System
Operator to provide needed Synchronous Reserve Services a signal will be
sent automatically to the command center at University of Pennsylvania
to initiate and provide these services. ECI’s
system will collect the required meter data and will provide the data
seamlessly to PJM as validation of the delivery of the SRS. ECI will
also provide bidding and settlement services as part of the contract
with Penn.
At Haverford College, the same services are deployed, however ECI will
connect directly to the on-site generation and will automatically start
the generation when it receives a signal from PJM. ECI’s
automated system also communicates an alert to the Participant’s
cell phone, land line, pager, and e-mail.
Liz Kimmel, EnergyConnect’s Director of
Business Development, said, “The deployment
at these two prestigious universities will act as a catalyst for the SRS
program and will provide validation to the value proposition for other
potential participants. Both universities will receive significant
financial benefit for their participation in the PJM SRS program.”
EnergyConnect, Inc. is the leading provider of Energy Automation
services. More than just demand response, EnergyConnect's Energy
Automation solutions proactively engage energy market participants,
Independent System Operators, Regional Transmission Organizations and
Electric Utilities. EnergyConnect is on the web at www.EnergyConnectInc.com.
About Microfield Group, Inc.
Microfield Group combines selling wholesale services to regional power
grids with traditional electrical contracting and design and integration
of infrastructure for wind, solar and other distributed power systems.
This combination provides the platform to be a contributor to the
growing alternative energy industry and to provide business processes
and software capabilities that link the adjustment of consumer energy
consumption to the wholesale electric market. Microfield utilizes
consumers of electricity to generate revenue from the regional grids and
serves this market through proprietary software and models that enable
consumers to adjust use, provide prices to determine beneficial actions,
and automate all aspects of the process. Microfield is headquartered in
Portland, Oregon, and its common stock is traded on the OTC Bulletin
Board under the symbol “MICG.”
Additional information about Microfield is available at www.microfield.com.
Forward-Looking Statements
This press release includes statements that may constitute
"forward-looking" statements. These statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements inherently involve risks and
uncertainties that could cause or contribute to such differences that
include, but are not limited to, competitive factors, the success of new
products in the marketplace, dependence upon third-party vendors, and
the ability to obtain financing. By making these forward-looking
statements, the Company undertakes no obligation to update these
statements for revisions or changes after the date of this release.
