Hess Introduces Comprehensive Energy Solutions Unit

Hess Corporation this morning announced the launch of Hess Energy Solutions, offering comprehensive energy services for commercial, industrial and institutional customers.

Hess Energy Solutions said that it will provide, "integrated solutions that help organizations save money, reduce energy consumption and make well-informed energy decisions, including fuel conversions, proprietary demand response programs, energy asset optimization, energy efficiency and sustainability, and guaranteed cost energy management."

More specifically, Hess Energy Solutions said that it offers two types of demand response:

• Proprietary intelligent demand response that allows customers to bundle demand response with their electricity contract and realize capacity and/or transmission cost savings by shedding or shifting peak electric load

• Traditional Independent System Operator (ISO) demand response, paying customers monthly for agreeing to reduce energy use when power grids experience reliability issues

The company also provides customers with access to Hess PowerPort, a real-time monitoring and analytic tool that can help customers better manage energy usage and improve energy efficiency.

Hess Energy Solutions said that it has several projects under way including a fuel oil-to-natural gas conversion with Lindsay Park Housing Corporation in New York City and an intelligent demand response program with DeSales University in Pennsylvania that will generate incremental revenue while helping to reduce the school's energy costs.