SOURCE: World Energy Solutions

World Energy Solutions

March 01, 2011 08:01 ET

World Energy Solutions Unveils Seven Levers of Energy Management

Revolutionary New Framework, Combined With Best-in-Class Technologies, Provides Holistic Approach to Reducing Energy Cost and Complexity

WORCESTER, MA--(Marketwire - March 1, 2011) - World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today introduced The Seven Levers of Energy Management™, a new strategic framework that provides Commercial & Industrial, Institutional and Government customers a clear and comprehensive approach to lowering their energy costs. By expressing energy cost as the total of energy prices times quantities purchased minus incentives (E = P x Q - i), World Energy's Seven Levers approach -- backed by the Company's state-of-the art exchanges -- helps customers address the growing complexity and expense of managing energy across myriad and ever-changing service territories, programs, rules and rates.

"Energy used to be easy -- you got a bill from the utility and you paid it," said Phil Adams, President of World Energy Solutions. "But then came the deregulation of natural gas and electricity, the need to audit bills, energy service companies with their shared savings models, risk management, demand response programs, smart meters, carbon footprinting, and incentives for renewables.

"Putting this all together for customers in an easy-to-understand way that accurately accounts for the contributions of, and interplay among, various energy cost drivers is the inspiration behind the Seven Levers and the growing, innovative energy management product portfolio we are developing to manage them."

The Seven Levers of Energy Management are:

  • Planning -- Assess context, review goals, set priorities, plan action.
  • Sourcing -- Procure what you need at the best available price.
  • Risk Management -- Protect yourself from price volatility.
  • Efficiency -- Modernize to improve the bottom line.
  • Sustainability -- Favor green options when it makes sense.
  • Incentives -- Maximize income opportunities like demand response.
  • Monitoring -- Manage data to drive decisions and inform Planning.

Using the Seven Levers approach, World Energy helps customers ensure their energy decisions are not made in a vacuum, but rather optimized within the context of business goals, market realities and evolving opportunities. For example, World Energy recently helped a university in PJM assess what appeared to be an attractive offer to participate in demand response, a popular incentive program that pays users to reduce energy use during times of peak demand. While the payment the university would have received from demand response was significant, it didn't come close to equaling what the University could save by reducing its peak load contribution (PLC) through efficiency measures and moving off its fixed-rate electricity contract. The University ultimately availed itself of World Energy's recommendations and, through the use of the Company's energy management solutions, reduced its energy costs by hundreds of thousands of dollars.

"Customers today need and deserve the unbiased perspective of a firm that can provide them expert recommendations, and the ability to execute on them, free from conflicts of interest," said Richard Domaleski, CEO of World Energy Solutions. "At World Energy, we do not take title to the gas, electricity, demand response and other energy assets we transact. This enables us to act in the customer's best interest, applying our people, processes and technologies across the Seven Levers of Energy Management to minimize their total energy spend."

Today, World Energy offers an array of technology-based solutions and services -- either directly or through its many partners -- for managing the Seven Levers. For more information on the Company and its approach to energy management, please see World Energy's new web site at: www.worldenergy.com.

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 Green 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