Cleantech Venture Network announces 2004 emerging enterprise of the year award

Robert Chiste, CEO of Comverge Inc., Honored at Cleantech Venture Forum VI

• Howell, MI – March 23, 2005 - Cleantech Venture Network LLC, an organization that connects
• venture, corporate and institutional investors with “clean technology” entrepreneurs, announced
• today that Robert M. Chiste, President and CEO of Comverge, Inc is the recipient of the 2004
• Emerging Enterprise of the Year Award. Under his leadership, Comverge is a leading energy
• intelligence company focused on advanced technology solutions and outsourced load
• management programs for utilities.
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• The 2004 Cleantech Emerging Enterprise of the Year is awarded by Cleantech Venture Network
• to the company, or CEO, that experienced rapid growth and/or provided a high realized return to
• investors in 2004 by bringing a clean technology or business model to market. Bob Chiste will
• receive his award at the Cleantech Venture Forum VI.
•  
• “We at Cleantech Venture Network are committed to supporting and cultivating the cleantech
• investment category, especially companies lead by innovative executives such as Bob Chiste”
• said Nicholas Parker, co-founder and chairman of Cleantech Venture Network. “Today we
• recognize the important work of Bob and the Comverge leadership team, who have successfully
• made Comverge Inc. a responsible , profitable business with a tremendous future.”
•  
• Comverge, Inc. provides end-to-end energy intelligence solutions for electric utilities, including
• demand-side load management, automatic meter reading, and real-time grid management
• programs. While the company provides a mix of software and hardware, the company’s success is
• largely based on an innovative fully-outsourced business model introduced by Bob Chiste and
• Frank Magnotti, Comverge Enterprise Group’s President. This “Virtual Peaking Capacity (VPC)”
• model allows utilities to purchase “negawatts,” or peak power capacity made available by a
• demand-side peak load management program marketed and implemented by Comverge. With
• over 225 MW in VPC contracts and over 500 utility clients across the country, Comverge has,
• over $160 million in orders, and revenue projected of $30-$35 million.
•  
• “I am extremely honored to accept the Cleantech Emerging Enterprise of the Year Award on
• behalf of Comverge, Inc. and our employees,” said Robert Chiste. “This is a tremendous honor
• from the cleantech investment community in recognition of our efforts to date as we continue to
• work hard to meet our objectives as well as those of our customers and investors.”
•  
• About Comverge, Inc.
• Comverge, Inc., The Power in Power TechnologyTM, is a leading energy intelligence company
• whose investors include Nth Power, EnerTech Capital, Data Systems & Software, Inc.
• (NASDAQ: DSSI), E.ON Venture Partners GmbH (NYSE: EON), Ridgewood Capital, Easton
• Hunt Capital Partners, L.P., Norsk Hydro Technology Ventures (NYSE: NHY), Rockport Capital
• Partners, and Shell Internet Ventures, an affiliate of the Royal Dutch/Shell Group of Companies
• (NYSE: RD). Comverge is represented across the world with offices and research facilities in
• Atlanta, Georgia; East Hanover, NJ; Newark, California; Pensacola, Florida; and Tel Aviv, Israel.
• Providing software and system solutions to over 500 clients in the electric utility industry,
• Comverge implements both integrated and outsourced solution based models for remote meter
• reading, distributed generation monitoring, and time-of-use billing and demand response, and
• direct or voluntary load control initiatives. For more information visit www.comverge.com.
• Media Contact: Bud Vos, VP of Products and Marketing.
•  
• About the Cleantech Venture Network, LLC
• The Cleantech Venture Network LLC is an organization that connects venture, corporate and
• institutional investors with "clean technology" entrepreneurs, through related information
• products, online services and the Cleantech Venture Forum series of events. We serve over 600
• affiliate investor member firms worldwide. We have tracked more than $3.6 billion invested in
• cleantech ventures since 2002, of which nearly $275 million has been raised by Forum-presenting
• companies. Further information can be found at www.cleantech.com or by calling (+1) 517-223-
• 9607.
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• Cleantech Venture Network invites companies and investors engaged in commercializing or
• investing in clean technologies to apply for membership as a Company or Investor. Companies
• should contact Lauren Bigelow at lauren@cleantech.com and investors should contact Cheryl
• Blain at cheryl@cleantech.com.