SOURCE: World Energy Solutions

World Energy Solutions

January 23, 2012 08:00 ET

World Energy Solutions Secures Key Energy Efficiency Designation

Named an Authorized Small Business Energy Advantage Program Vendor for the Connecticut Energy Efficiency Fund

BERLIN and NEW HAVEN, CT and WORCESTER, MA--(Marketwire - Jan 23, 2012) - World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today announced it has been selected by administrators Connecticut Light & Power (CL&P) and The United Illuminating Company (UI) as one of their Small Business Energy Advantage (SBEA) contractors. The SBEA program, funded by the Connecticut Energy Efficiency Fund and administered by the State's utilities, is among Connecticut's key energy efficiency offerings for small businesses. It provides cost-effective, turnkey solutions for commercial, industrial and institutional customers with an average 12-month peak demand between 10-200 kW.

By securing the Energy Efficiency Fund SBEA designation from Connecticut's two largest utilities, World Energy gains access to well-funded markets for lighting, mechanical, energy management systems and other efficiency initiatives across the State. According to the Institute for Electric Efficiency, the State of Connecticut budgeted over $100 million in ratepayer-funded electric efficiency efforts in 2011.

"Earning our position as an approved contractor for the Energy Efficiency Fund's Small Business Energy Advantage program is an important accomplishment for our growing energy efficiency practice in Connecticut," said Bruce Buckbee, Vice President, Efficiency, at World Energy Solutions. "Through this key program, World Energy gains a significant opportunity to win new business and showcase a compelling new value proposition for businesses looking to save big on energy without breaking the bank."

To find out more about Small Business Energy Advantage, a service offered through the Energy Efficiency Fund, visit www.CTEnergyInfo.com or call 1-877-WISE-USE (1-877-947-3873).

About the Connecticut Energy Efficiency Fund
The Energy Efficiency Fund promotes efficient energy use, helps residents and businesses save on their electric and natural gas bills, advances economic development, reduces electric demand, and helps reduce air pollution. Energy Efficiency Fund programs serve residential customers, including limited-and fixed-income customers, as well as business and municipal customers. Connecticut's energy efficiency programs are funded by a charge on customers' utility bills and administered by the state's electric and gas utilities including: Connecticut Light and Power, United Illuminating, Yankee Gas, Connecticut Natural Gas, and Southern Connecticut Gas. Additional information on Connecticut's energy efficiency programs can be found at www.ctenergyinfo.com or by calling 1.877.WISE.USE.

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 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 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