Voltus Secures More Than 600 MWs of Demand Response in MISO for 2018

SAN FRANCISCO & BOSTON, April 16, 2018 (Newswire.com) - Voltus Inc., the leading provider of demand response to the C&I market, announced today that it has secured more than 600 MWs of capacity in the Midcontinent Independent System Operator (MISO) market, continuing its pace as the fastest-growing demand response company in industry history.

"Our growth follows a simple formula: find opportunities for customers that more than double the dollars they get from demand response," said Gregg Dixon, Voltus CEO. "MISO is a great example of a market that needs more demand response to mitigate traditional power plant risk and customers are eager to help with the incentives that we've put together."

We're excited about the value we've developed in MISO and the trust our customers put in our ability to reinvigorate innovation in demand response.

Matt Plante, President - Voltus Inc.

Summary Results of the 2018/2019 MISO Capacity Market for Voltus​

• Cleared more than 600 MWs of demand response for its commercial and industrial customer base in MISO's Planning Resource Auction (PRA)
   
• In addition to opening MISO Illinois as an aggregator of retail customers (ARC), Voltus became the first ARC to open MISO Michigan, Indiana, Louisiana and Texas to demand response
   
• Introduced net incentives of more than $30,000/MW-year for customers participating in all summer program hours; more than a 10 percent annual energy bill savings for most customers at no cost or risk
   
• Established and sold a 100 percent "green" capacity resource to bilateral counterparties
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• Commercialized its Vhysical Hedge™ virtual trading platform that offers large, sophisticated energy consumers lower cost and lower risk commodity in wholesale markets

"We're excited about the value we've developed in MISO and the trust our customers put in our ability to reinvigorate innovation in demand response," said Matt Plante, Voltus president. "This is the first of many announcements we'll make that showcase the true value of these market opportunities."

To learn more about Voltus, visit www.voltus.co or email [email protected].

About Voltus Inc.

Voltus represents the "potential of us" to better manage energy through simple, cost-free energy management products. Our commercial and industrial customers generate cash by allowing us to be their energy expert while we deliver innovative demand response, energy purchasing and energy efficiency programs to them. It's this simple: a customer signs up with Voltus and every quarter we deliver dollars. Voltus makes money when our customers make money by sharing the cash generated from working together. What's more, there are significant community benefits that accompany working with Voltus - a cleaner, more reliable energy future and dollars invested back into your business and jobs instead of being wasted on a larger energy bill.

Source: Voltus Inc.