14:00 | 12.01.2010
PowerSecure Supports Utilities and Businesses Across the Country with Power during Cold Snap
PowerSecure International, Inc. (Nasdaq: POWR) today announced that its
distributed generation systems have been in daily operation to support
utilities and businesses across the country with power during the cold
snap that is gripping the nation. Since the cold snap began on January
1, PowerSecure has placed over 600 distributed generation systems into
operation, delivering unprecedented amounts of power to bolster the
supply of electricity on utilities’ electric grids, and providing
emergency power to businesses experiencing outages. In total,
PowerSecure’s systems have run over 5,600 hours supplying utilities and
their customers with mission-critical power over the last eleven days.
This most recent event comes on the heels of a productive year for
PowerSecure’s Interactive Distributed Generation® systems.
During 2009, these smart grid systems were deployed 7,576 times on
behalf of utilities to supplement the grid with more efficient power
during periods of peak load. This result is up 12% over 2008,
demonstrating the systems’ high productivity and the strong value they
provide delivering efficient, dependable on-site power. These smart grid
systems provide value in multiple ways, including:
1) Reducing the cost of electricity during peak power periods,
2) Protecting against power losses and avoiding costly interruptions and
spoilage,
3) Minimizing energy transmission losses, and
4) Improving the efficiency of the electricity grid.
The Company’s Interactive Distributed Generation (IDG®)
systems are monitored and controlled electronically “24 x 7” by
PowerSecure’s Smart Grid Monitoring Center. This monitoring center
forecasts high cost periods of peak electricity demand, and deploys more
efficient power at optimal times and durations, providing bottom-line
benefits by reducing electricity costs. In addition, the environment
benefits from reduced carbon emissions because the systems can be
dispatched more efficiently than utilities’ traditional spinning
reserves to meet peak power demands. PowerSecure’s systems provide
security, business continuity and efficiency for industrial, commercial,
municipal, and institutional operations.
Sidney Hinton, CEO of PowerSecure, said, “We couldn’t be more pleased
with the performance of our systems and our team in our support of
utilities and their customers during this major cold snap. Over the last
two weeks, we have executed hundreds of load management events, and
provided emergency power to dozens of locations. The cold has stressed
the grid in unpredictable ways, and our IDG monitoring and service teams
are working around the clock to ensure power is ready to be deployed at
a moment’s notice. In addition, our Utility Services team is actively
supporting utilities with their power restoration efforts. Our folks
have earned a tremendous reputation for the “all-out” effort they give
during weather events like these – and we are incredibly fortunate to
have such a strong, dedicated team supporting our utility partners and
customers.”
About PowerSecure
PowerSecure International, Inc. is a leading provider of Energy and
Smart Grid Solutions to electric utilities, and their commercial,
institutional, and industrial customers, as well as Energy Services to
the oil and natural gas industry. PowerSecure’s Energy and Smart Grid
Solutions businesses provide products and services in the areas of
Interactive Distributed Generation®, Utility Infrastructure, and Energy
Efficiency. The Company is a pioneer in developing Interactive
Distributed Generation® systems with sophisticated, proactive smart grid
capabilities, including the ability to 1) forecast peak electricity
demand and electronically deploy the systems to deliver more efficient,
and environmentally friendly power, 2) provide utilities with dedicated
electric power generation assets for their demand response needs, and 3)
provide customers with the most dependable standby power in the
industry. PowerSecure also provides utilities with regulatory
consulting, power system and transmission engineering and construction,
and provides businesses with energy efficiency products and services,
including its state-of-the art EfficientLights lighting solution for
refrigerated cases. The Company provides Energy Services to the oil and
natural gas industry through its Southern Flow and WaterSecure business
units. Additional information is available at www.powersecure.com.
All forward-looking statements contained in this release are made
within the meaning of and pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are all statements other than statements of historical facts,
including but not limited to statements concerning the outlook for the
businesses discussed in this press release and the Company’s future
revenues, earnings, margins, and other financial and operating
information and data; the outlook for growing the Company through
innovative energy management and conservation; business operations and
prospects for the Company; the outlook for future gains in the Company’s
revenues due to its business initiatives; the anticipated results of the
Company’s products, solutions, and technologies; and all other
statements concerning the plans, intentions, expectations, projections,
hopes, beliefs, objectives, goals and strategies of management,
including statements about other future financial and non-financial
items, performance or events and about present and future products,
services, technologies and businesses; and statements of assumptions
underlying the foregoing. Forward-looking statements are not guarantees
of future performance or events and are subject to a number of known and
unknown risks, uncertainties and other factors that could cause actual
results to differ materially from those expressed, projected or implied
by such forward-looking statements. Important risks, uncertainties and
other factors include, but are not limited to, those risks,
uncertainties and other factors identified from time to time in the
Company’s Annual Report on Form 10-K for the year ended December 31,
2008, as well as in subsequent filings with the Securities and Exchange
Commission, including reports on Forms 10-Q and 8-K. Accordingly, there
can be no assurance that the results expressed, projected or implied by
any forward-looking statements will be achieved, and readers are
cautioned not to place undue reliance on any forward-looking statements.
The forward-looking statements in this press release speak only as of
the date hereof and are based on the current plans, goals, objectives,
strategies, intentions, expectations and assumptions of, and the
information currently available to, management. The Company assumes no
duty or obligation to update or revise any forward-looking statements
for any reason, whether as the result of changes in expectations, new
information, future events, conditions or circumstances or otherwise.
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