WORCESTER, MA, Aug. 6 /CNW/ - World Energy Solutions, Inc. (TSX: XWE), a
leading operator of online exchanges for energy and environmental commodities,
today announced that the company has executed a contract with the Regional
Greenhouse Gas Initiative (RGGI), Inc. to provide services related to the
design and implementation of regional carbon dioxide (CO(2)) allowance
RGGI, Inc. is a non-profit corporation created to support the cooperative
effort by ten Northeast and Mid-Atlantic states to design and implement a
regional cap-and-trade program covering carbon dioxide emissions from power
plants in the region.
"World Energy is pleased that our contract with RGGI, Inc. is now
official. We look forward to continuing our support of RGGI's efforts in
orchestrating the first-in-the nation auction of CO(2) allowances on September
25, and the series of quarterly auctions that are scheduled to follow," said
Richard Domaleski, Chief Executive Officer, World Energy Solutions, Inc.
About World Energy
World Energy operates leading online exchanges for energy and
environmental commodities. Our proven approach provides market intelligence,
promotes liquidity, and creates price transparency for all market
participants, enabling our customers to transact with confidence and to seek
the best possible price. To date, the company has transacted more than
45 billion kwh of electricity, 1 billion kwh of green power and Renewable
Energy Certificates (RECs) and over one trillion cubic feet of natural gas.
For more information, please visit www.worldenergy.com.
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, Shellie Rapson James, World Energy Solutions Inc., (508) 459-8180,