Microfield Clarifies Oct. 25th Release Regarding Automated Synchronous Reserve Services System
PORTLAND, Ore.–(BUSINESS WIRE)–Microfield Group, Inc. (”Microfield”) (OTCBB: MICG - News) today announced that its subsidiary EnergyConnect, Inc. (”EnergyConnect”), has learned of an error in a recent press release concerning its Automated Synchronous Reserve System. PJM confirmed to EnergyConnect this week that another service provider has developed a system that uses the same automated signal source from PJM and initially deployed that capability in August, shortly before EnergyConnect began receiving signals. John Stremel, Senior Vice President of System Development, said, “EnergyConnect delivers a fully automated and integrated service to its participants’ electric loads and generators. We are excited about being one of the first providers in PJM’s Synchronous Reserves Market and expanding opportunities for demand response resources to play an important role in our nation’s energy infrastructure. We are pleased with the high level of interest our current participants have shown in this new service.”
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.
Posted on Tuesday, October 31st, 2006 - Press Releases