WORCESTER, MA, Feb. 4 /CNW/ - World Energy Solutions, Inc. (TSX: XWE), an
operator of online exchanges for energy and green commodities, today announced
Lockheed Martin (NYSE: LMT) acquired Green-e renewable energy certificates
(RECs) via auction on the World Green Exchange(R).
World Energy conducted the online auction in three tranches: one for
Green-e reporting year 2009, one for 2010, and one for 2009-2010. Each of the
bidders submitted a commitment bid price to ensure it could compete within
Lockheed Martin's stated REC ceiling price.
"The auction was successful on many fronts," said Phil Adams, President
and COO of World Energy. "The event brought together a who's who of U.S.
Green-e REC suppliers, spurred record bidding activity, provided exceptional
price discovery, and delivered an attractive REC purchase price. In sum, this
event highlights the power of the World Green Exchange and exemplifies best
practices in green commodity procurement."
About World Energy Solutions, Inc.
World Energy (TSX: XWE) operates online exchanges for energy and green
commodities. For buyers and sellers of electricity, natural gas, capacity, and
green-energy assets who are impacted by today's volatile markets, World
Energy's proven approach has transformed the normally complex procurement
process into a powerful, streamlined vehicle for cost savings. In addition to
enabling customers to seek competitive pricing on traditional energy
commodities, World Energy is taking a leadership position in the emerging
environmental-commodities markets. Its award-winning World Green Exchange(R)
supports the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap
and trade program for CO2 emissions. For more information, please visit
This press release contains forward-looking statements that are subject
to risks and uncertainties that could cause actual results to differ from
those indicated in the forward-looking statements. Such risks and
uncertainties include, but are not limited to: our revenue is dependent on
actual future energy purchases pursuant to completed procurements; the demand
for our services is affected by changes in regulated prices or cyclicality or
volatility in competitive market prices for energy; we depend on a small
number of key energy consumers, suppliers and channel partners; there are
factors outside our control that affect transaction volume in the electricity
market; and there are other factors identified in our Annual Report on Form
10-K and subsequent reports filed with the Securities and Exchange Commission.
For further information:
For further information: Investor Relations: Phil Adams, World Energy
Solutions, Inc., (508) 459-8100, email@example.com; or Craig Armitage,
The Equicom Group, (416) 815-0700 x278, firstname.lastname@example.org; Media
Relations: Dan Mees, World Energy Solutions, Inc., (508) 459-8156,