Comverge creates global smart-grid subsidiary

Comverge, which specialises in intelligent energy management solutions for residential, commercial and industrial customers, has established a new international subsidiary to capitalise on the growing global demand for its software, hardware and services.

Michael D. Picchi, Comverge’s CFO, will lead the new subsidiary as president of Comverge International. A formal search for a new chief financial officer has already begun and Picchi will stay on in his role through the transition.

“By some estimates, utilities worldwide will collectively invest more than $378 billion in building smart-grid infrastructure by 2030,” Picchi said. “While the North America market will constitute a large portion of that investment, there is a huge opportunity for Comverge to build on its existing relationships to help residential and commercial and industrial customers in many different regions across the world.”

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