SOURCE: World Enery Solutions

World Enery Solutions

November 15, 2011 08:01 ET

GSA Region 2 Wins Real Property Innovation Award for Sustainability

World Energy Customer Recognized for Its Embrace of Green Power and Innovation in Securing It

NEW YORK, NY and WORCESTER, MA--(Marketwire - Nov 15, 2011) - World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today announced one of its longest-standing customers, the General Services Administration's Northeast and Caribbean Region (GSA Region 2), has won a coveted GSA Achievement Award for Real Property Innovation. The award recognizes GSA Region 2, which manages procurement for federal buildings in New York, New Jersey, Puerto Rico and the U.S. Virgin Islands, for its success purchasing high percentages of renewable power at affordable prices through an innovative reverse auction process administered by World Energy Solutions and SAIC.

A leader in green energy procurement, GSA Region 2 ran competitive procurements in November 2009 and 2010 over the World Energy Exchange®, which resulted in the purchase of more than 200 million kWh of electricity for federal facilities at a savings of over $3.5 million. Under the terms of the contracts, 95 percent of the energy will come from renewable sources. Additionally, three of Region 2's largest facilities in New York City -- 290 Broadway, 26 Federal Plaza, and 500 Pearl Street -- will receive 100% percent renewable power over the entire term of the awarded contracts.

"GSA Region 2 is to be commended for its dedication to renewable energy purchasing," said Jonathan Harvey, World Energy Solutions. "Not only has GSA Region 2 earned numerous awards for its innovation in energy procurement, which continues to deliver high percentages of green power to its facilities at low cost, but it also actively strives to exceed green standards. For example, in its most recent procurements Region 2 exceeded the DOE's minimum green power procurement requirement while meeting a tighter renewable power definition that required renewables either be produced from resources located in the NYISO or be delivered into the NYISO. In fact, through the auction process, GSA was able to procure green power within the NYISO at a lower cost per kWh than its last procurement in 2007, before the new definition was in effect."

The General Services Administration (GSA) Region 2 has purchased over 782 million kWh of renewable power since FY01, well before the Energy Policy Act of 2005 and Executive Order 13423 requirements promoted green purchasing. GSA Region 2 currently ranks number five on the top-ten list of largest purchasers of green power among federal government organizations within the Green Power partnership.

About GSA
As the federal government's workplace solutions provider, the U.S. General Services Administration works to foster an effective, sustainable and transparent government for the American people. GSA's expertise in government workplace solutions include:

  • Effective management of government assets, including more than 9,600 government-owned or leased buildings and 215,000 vehicles in the federal fleet, and preservation of historic federal properties;
  • Leveraging the government's buying power through responsible acquisition of products and services making up approximately 14 percent of the government's total procurement dollars;
  • Providing innovative technology solutions to enhance government efficiency and increase citizen engagement; and
  • Promoting responsible use of federal resources through development of government-wide policies ranging from federal travel to property and management practices.

For more information about GSA, please visit

About World Energy Solutions, Inc.
World Energy Solutions, Inc. (NASDAQ: XWES) is an energy management services firm that brings together the passion, processes and technologies to take the complexity out of energy management and turn it into bottom-line impact for the businesses, institutions and governments we serve. To date, the Company has transacted more than $20 billion in energy, demand response and environmental commodities on behalf of its customers, creating more than $1 billion in value for them. World Energy is also a leader in the global carbon market, where its World Energy Exchange® 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 the following: our revenue and backlog are 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; and there are factors outside our control that affect transaction volume in the electricity market. Additional risk factors are identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

Contact Information

  • For additional information, contact:

    Dan Mees
    World Energy Solutions, Inc.
    (508) 459-8156
    Email Contact

    Erika Moran
    The Investor Relations Group
    (212) 825-3210
    Email Contact