Worcester, MA – June 1, 2011 – World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today announced that it helped General Dynamics Land Systems successfully procure power – 50 percent from renewable sources – for its division headquarters over the World Energy Exchange®. World Energy also helped procure electricity and green power procurement for its Scranton, Pennsylvania facility, which secured 25 percent renewable energy for the plant.
The contracts, which will commence January 1, 2012, deliver more than $150,000 in combined annual energy cost savings while significantly deepening General Dynamics Land Systems’ commitment to renewable power. By investing aggressively in green energy, General Dynamics Land Systems will reduce its carbon dioxide emissions by more than 6,450 metric tons each year. This reduction is the equivalent of each of the following:
- Annual greenhouse gas emissions from 1,265 passenger vehicles
- CO2 emissions from 15,004 barrels of oil consumed
- Greenhouse gas emissions avoided by recycling 2,248 tons of waste instead of sending it to the landfill
- Carbon sequestered annually by 63.9 acres of forest preserved from deforestation
(Source: EPA Greenhouse Gas Equivalencies Calculator)
“Going green doesn’t have to come at a big premium – or any premium for that matter,” said Phil Adams, President, World Energy Solutions. “We’ve run hundreds of auctions now for C&I, institutional and government customers, where suppliers are willing to provide renewable energy at reasonable rates in order to win a customer’s electricity business. General Dynamics Land Systems is a great example of this, and we’re pleased to continue to provide the company a strategic and cost-effective means to source their power.”
General Dynamics Land Systems is a business unit of General Dynamics (NYSE: GD). More information is available online at www.gdls.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 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.
Source: World Energy Solutions, Inc.