Comverge in New Jersey has created a business focused on tapping air conditioners in homes and small businesses.
Comverge Chairman, President and CEO Robert Chiste sees much growth--and much venture capital investment--in the related demand response and smart grid industries.
The most overpaid executives are at Comverge and EnerNOC, both in absolute millions of dollars, and as a percentage of market capitalization.
"This could easily degenerate into chaos, " concedes Paul Heitman, a senior program architect at Comverge, which hopes to extend its metering expertise for air-conditioning systems to plug-in cars.
Capital transaction, Comverge believes it would be unable to raise the necessary capital to fund continuing operations, which would place existing stockholder investment in the company at significant risk.
FORBES: Take Under: Comverge Agrees To Go Private At $1.75/Shr
Comverge, a provider of energy management systems for residential and commercial customers, this morning said it has agreed to be acquired by the private equity firm H.
FORBES: Take Under: Comverge Agrees To Go Private At $1.75/Shr
New Jersey-based Comverge and Boston-based EnerNOC--which find ways to reduce electricity use when energy is in highest demand, also known as "demand response"--further established the industry with their initial public offerings earlier this year.
These types of companies, such as Enernoc, Comverge or Silicon Energy, have been around for a long time, but advances in the Internet space have created a new foundation that extends to the energy arena.
FORBES: Time To Invest In Hardware And Manufacturing Startups
New Jersey-based Comverge (nasdaq: COMV - news - people ) and Boston-based EnerNOC (nasdaq: ENOC - news - people )--which find ways to reduce electricity use when energy is in highest demand, also known as "demand response"--further established the industry with their initial public offerings earlier this year.
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