EnergyConnect Group, Inc. Q2 2010 Results Conference Call
Tuesday, August 10, 2010 at 1:30 p.m. PT
Download presentation slides (PDF) associated with the second quarter 2010 conference call
Telephone: You may also dial the following numbers to access a replay of the second quarter 2010 conference call: Toll free: 1-877-870-5176; Toll/International: 1-858-384-5517 (Conference ID# 353062)
About EnergyConnect Group, Inc. (formerly Microfield Group, Inc.)
EnergyConnect Group, Inc. is a leading provider of integrated demand response services to the electricity grid. Demand response programs provide grid operators with additional electricity generation capacity by encouraging consumers to curtail their electricity usage. Historically, to provide a reliable supply of electricity and to avoid service disruption, grid operators have increased power generation by building additional power plants and transmission infrastructure. However, an alternative approach to increasing the supply side of electricity is to use demand response programs to reduce overall peak demand or shift load from peak to off-peak times, thereby optimizing the balance of demand and supply and reducing the need for additional power generation capacity. Demand response programs fall into two main groups, programs made for customers to stand by and respond to a grid event initiated by the grid operator and programs that rely on customers curtailing their use of electricity based upon price signals.
Through our proprietary GridConnect software as a service (SaaS) platform, we allow commercial and industrial consumers of electricity to access demand response programs that are offered by the grid and get paid by agreeing to stand by and curtail based upon a grid event or responding to a price signal. Our customers are commercial and industrial consumers of electricity with whom we contract to identify, develop and if necessary implement curtailment strategies. We enroll our customers in demand response programs operated by grid operators, who pay us for standing by or by reducing load by responding to a price signal. We in turn pass on a portion of these payments to our customers in accordance with their contract with us.
From its founding in 1998, EnergyConnect has focused on intelligent ways to connect energy market participants. EnergyConnect’s innovative technology and integrated solutions have helped to maximize system efficiency and generate the most revenue for its participants.
Capitalizing on the strength of its energy solutions, EnergyConnect Inc, became a wholly owned subsidiary of Microfield Group, Inc. in October 2005. Microfield was a publicly traded company on the NASDAQ OTC Bulletin Board (OTC:BB) under the symbol “MICG”.
As of September 24, 2008, Microfield Group, Inc. has changed its name to EnergyConnect Group, Inc. EnergyConnect Group, Inc. is a publicly traded company on the NASDAQ OTC Bulletin Board (OTC:BB) under the symbol “ECNG”.
EnergyConnect Announces Change in Assigned Ticker Symbol
October 14, 2008
Lake Oswego, OR –(BUSINESS WIRE)– EnergyConnect Group, Inc. (OTCBB: ECNG - News), an industry leader in innovative demand response technologies, today announced that on October 14th the Company’s quotation ticker symbol will change from MICG to ECNG. Read more about the ticker change in our press release area.
Microfield Announces Name Change to EnergyConnect Group, Inc.
September 24, 2008
New name more accurately reflects the company’s industry recognized brand as a leading provider of next generation demand response products and services
PORTLAND, OR –(BUSINESS WIRE)– Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News), an industry leader in innovative demand response technologies, today announced that on September 24th the Company received shareholder approval to formally change its name to EnergyConnect Group, Inc. The name change will not have any impact on the company’s organizational structure or day-to-day operations. The name change is effective immediately.
Read more about the name change in our press release area.