Town of North Haven Cuts Electricity Costs by 10% with World Energy Solutions

Online Auctions Help Town Secure 36-Month Power Contract,
Drive $200,000+ in Projected Savings

North Haven, CT and Worcester, MA – August 12, 2013 – World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today announced it has helped the Town of North Haven, CT successfully procure over 30 million kWh of electricity. The resulting 36-month contract, which commences January 2015, is projected to save the Town more than $200,000 over its prior contract, while providing valuable budget certainty through December 2017.

Through a series of online auctions run on the World Energy Exchange®, the Town of North Haven tested various terms and products in a fair, transparent and objective manner. The competitive event attracted multiple suppliers, who submitted more than 40 bids for the Town’s business, delivering a winning price 10 percent below its prior contract in a rising commodity market.

“We are thrilled to lock in a new, long-term electricity contract that delivers both rate savings and budget certainty for our residents,” said Edward J. Swinkoski, Director of Finance / Administration, Town of North Haven. “World Energy gives the buyer an advantage in energy procurement, one that really helped us get the most from the competitive market.”

Added First Selectman Michael J. Freda: “Embracing a technology-based approach to energy procurement in partnership with World Energy shows great leadership on the part of the Town of North Haven, the kind that makes an economic difference and sets a positive example.”

Noted Phil Adams, CEO of World Energy Solutions: “Teaming with the Town of North Haven is another important win for us in the State of Connecticut and further validation of the effectiveness of our approach. While our online auctions have been a staple at the State level for many years, I am encouraged to see more cities, towns and area businesses trying our auctions for the first time and experiencing the qualitative and quantitative benefits they deliver.”

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 $40 billion in energy, demand response and environmental commodities on behalf of its customers, creating more than $2 billion in value for them. World Energy is also a leader in the global carbon market, where its World Energy Exchange® supports the Regional Greenhouse Gas Initiative (RGGI), the first mandatory market-based regulatory program in the U.S. to reduce greenhouse gas emissions. For more information, please visit www.worldenergy.com.

This press release contains forward-looking statements. The words “anticipates,” “believes,” “estimates,” “expects,” “intends,” “may,” “plans,” “projects,” “will,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The Company has based these forward-looking statements on its current expectations and projections about future events, including without limitation, its expectations of backlog and energy prices. Although the Company believes that the expectations underlying any of its forward-looking statements are reasonable, these expectations may prove to be incorrect and all of these statements are subject to risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions, projections or expectations prove incorrect, actual results, performance or financial condition may vary materially and adversely from those anticipated, estimated or expected. Such risks and uncertainties include, but are not limited to the following: the Company’s revenue and backlog are dependent on actual future energy purchases pursuant to completed procurements; the demand for the Company’s services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; the potential impact on the Company’s historical and prospective financial results of a change in accounting policy may negatively impact its stock price; and other factors outside the Company’s control that affect transaction volume in the electricity market. Additional risk factors are identified in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012 and subsequent reports filed with the Securities and Exchange Commission. The forward-looking statements made in this press release are made as at the date hereof. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, other than as required by securities laws.

Source: World Energy Solutions, Inc.

Case Study: The Value of Relationship

The Value of RelationshipThe Situation:

  • Mid-West Fortune 500 manufacturer turned to World Energy for help procuring natural gas, negociating utility contracts, and managing customer-owned assets.

Next Steps:

  • By proactively engaging the natural gas markets in the customer’s states of operation, and identifying new opportunities in electricity and demand response, World Energy becomes the customer’s “Radar O’Riley” for energy management services.

The Result:

  • Over the course of the decade-long relationship, World Energy has delivered innovative gas contracts and hedging strategies; cost-saving invoice analysis; and automated market triggers. In addition, World Energy brought the customer into newly-opening electricity markets and its first demand response engagement. All told, World Energy has helped deliver over $10 million in savings to operations, a fact celebrated at the company’s first N.A. energy management gathering in 2010.

The Prognosis: Competition Yields Lower Prices

The Situation

  • Some companies and institutions prefer to maintain a relationship with one supplier, valuing the ease of contracting and relying on the incumbent to offer a reasonable price. A Texas VA hospital had such a relationship with a supplier, but in a cost cutting effort, decided not to automatically renew the contract, choosing instead to hold a competitive auction with World Energy.
  • Upon receiving an invitation to bid in the World Energy auction event, the incumbent supplier contacted its customer advising against an auction. The supplier argued that since they had already offered the lowest price, nothing could be gained by going to auction.
  • The hospital’s energy buyer was astute enough to insist that if the supplier indeed had the lowest price, then there was nothing to fear from participating in the auction.

Result

  • Faced with stiff competition (the World Energy auction garnered 40 bids), the incumbent was forced to reduce its price by $3 million in order to keep the contract.

World Energy Solutions Lights Up Pennsylvania Electricity Markets

Expiring Rate Caps Create Groundswell of Opportunity for Customers to Source Competitive Energy Supply and Save

PHILADELPHIA, PA and WORCESTER, MA; November 10, 2010 – World Energy Solutions, Inc. (NASDAQ: XWES) (TSX: XWE), a leading energy management services firm, today announced it is continuing to gain market share in Pennsylvania as it helps a growing number of businesses successfully procure power in the State’s newly competitive electricity markets. With all of Pennsylvania’s electricity rate caps expiring by year’s end, World Energy and its channel partners are working diligently with companies and government agencies to capitalize on this landmark opportunity.

 In 2010 alone, World Energy has transacted over 1.5 billion kWh of electricity for dozens of Pennsylvania customers, including Altoona Water Authority, Chester Water Authority, D.F. Stauffer Biscuit Co., The Hill School, Johnson Matthey, Inc., Ottens Flavors, The Original Philadelphia Cheesesteak Company, The Rittenhouse Hotel and Condominium Residences, Snap-on, Vertex, Inc. and York County, delivering valuable budget certainty and millions of dollars in energy savings.

“We needed a way to get in front of the changes in our energy market and maximize competition for our business,” said Russell Williams, Executive Manager and Chief Engineer of the Chester Water Authority. “World Energy and its online auctions really delivered, helping us minimize our electricity costs through 2012.”

Added George Robinson, President of Ottens Flavors, a global supplier of flavors based in Philadelphia: “The opening of the electricity market here provided us a great opportunity to meet two important company objectives: advancing our corporate stewardship through the procurement of green power and reducing overall energy costs to enhance our competitiveness. With World Energy we were able to meet both these objectives, securing 100 percent green energy while coming in under our energy budget for 2011. I am delighted with the results.”

World Energy is continuing to see robust deal activity and supplier participation across Pennsylvania’s major service territories, including Allegheny, Duquesne, MetEd, PECO, PENELEC and PPL. Customers of all sizes and across vertical markets, including agriculture, consumer goods, education, government, healthcare, hospitality and manufacturing, are successfully leveraging World Energy’s award-winning combination of people, process and technology to put competitive energy markets to work for them and secure favorable energy contracts that advance their business goals.

Added Kenneth Antos, Vice President of Retail Sales at World Energy: “We are witnessing a sea change in Pennsylvania’s electricity markets that is benefitting the State’s business customers. Our market reach and advanced processes, combined with historically low power prices and a hungry field of competitive suppliers, are translating into big wins for customers, ones that are giving them more control over their energy destinies and saving them money. We expect these trends to continue through the remainder of 2010 and urge companies that haven’t yet switched to competitive supply to do so quickly before new utility rates go into effect January 1, 2011.”

With offices in Berwyn, PA, and a growing network of channel partners throughout the Commonwealth, including APPI, Applied Energy, Commercial Utility Consultants, EnergyWise Consulting and Practical Energy, World Energy is actively serving the demand response, electricity, natural gas and renewable energy needs of Pennsylvania businesses. World Energy also boasts one of the industry’s largest pools of registered suppliers and a sales and operations team steeped in Pennsylvania and national deregulated energy markets, making it easy for customers to make the most of their energy opportunities.

About World Energy Solutions, Inc.
World Energy Solutions, Inc. (NASDAQ: XWES) (TSX: XWE) is an energy management services firm that applies an award-winning combination of people, process and technology to help clients manage energy as a strategic asset. To date, the Company has transacted more than $20 billion in energy, demand response and environmental commodities on behalf of its Government, Commercial & Industrial, and Utility 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(R) 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.

For additional information, contact:

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

SOURCE: World Energy Solutions

State of Delaware Greens Energy Portfolio, Saves Over $13 Million on Electricity Costs with World Energy

Key Contract Renewal Extends World Energy’s Leadership in Government Sector

DOVER, DE and WORCESTER, MA; April 19, 2010 - World Energy Solutions, Inc. (NASDAQ: XWES), a leading energy management services firm, today announced the State of Delaware has successfully contracted for over 800,000,000 kWh of electricity and renewable energy using the World Energy Exchange(R). The 36-month contract – awarded to Washington Gas Energy Services and commencing on July 1, 2010 – is projected to save Delaware and its aggregation partners over $13 million, while advancing the State’s sustainability goals. Twenty-five percent of the awarded load will come from renewable sources, which, in addition to State-required renewable portfolio standards (RPS), will bring Delaware’s total percentage of clean energy to over thirty.

World Energy worked closely with the State on this strategic energy procurement, providing ongoing counsel, developing and running multiple RFPs, managing communications with the supplier community and, ultimately, running a fair, transparent and highly competitive set of online pricing events. The auctions, conducted April 8, 2010, tested multiple parameters, including term lengths and mixes of green and traditional energy, providing the State excellent price discovery and a competitive dynamic that yielded a high percentage of green power at a low cost.

In a previously released statement, Governor Markell said: “We will continue to push for ways to drive down the cost of government. These electricity agreements not only save taxpayers’ money but allow the state to increase the amount of clean power it uses in state facilities. I am pleased we were able to make energy purchases that represent a win-win for Delawareans.”

Added Ann Visalli, director of the Office of Management and Budget: “We are very pleased with the results of today’s auction. By combining our electricity purchase with all of our aggregation partners, we were able to secure very favorable prices from electricity generators using the innovative reverse auction methodology.”

The State’s partners for the energy bid included school districts, volunteer fire companies, New Castle County, Kent County, Sussex County, the University of Delaware, Delaware Technical and Community College, the Delaware Solid Waste Authority and the Riverfront Development Corporation, along with other Delaware cities, towns and municipalities.

Concluded Phil Adams, President of World Energy: “Energy buyers like the State of Delaware turn to us for their high-stakes, high-visibility procurements because they know World Energy will deliver. Our track record managing procurements for Government and Utility customers – where there is significant stakeholder scrutiny, a high degree of complexity and the need to optimize the often-conflicting goals of fiscal responsibility and environmental stewardship – is second to none and has earned us a loyal base of repeat customers.”

About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, demand response, and green-energy assets, World Energy’s proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange(R) 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: 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; 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.

SOURCE World Energy Solutions, Inc.

Hospitals Gain Procurement Edge with World Energy

Catholic Healthcare Partners, Dartmouth-Hitchcock Medical Center, and MediSys Health Network Join Growing Ranks of Empowered Energy Buyers

WORCESTER, MA; November 18, 2009 – World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, today announced a number of recent successes helping hospitals and health care systems around the country procure energy over the World Energy Exchange®. Together, these care providers, including Catholic Healthcare Partners (Ohio), Dartmouth-Hitchcock Medical Center (New Hampshire), and MediSys Health Network (New York), highlight the efficiencies, cost savings, and budget certainty gained using World Energy’s technology-based procurement approach.

World Energy runs online pricing events for electricity, natural gas and renewable energy in which suppliers bid against each other – driving down prices – to win a customer’s business. In advance of these auction events, World Energy teams with its clients to share market intelligence, develop and market their RFPs, and act as a central point of contact with the supplier community. This efficient approach has proven very successful for hospitals around the country.

“World Energy helped us understand, and capitalize on, recent openings in the Ohio electricity market that enabled us to land attractive new contracts for 16 of our facilities across four regions of the state,” said Ken Macon, Corporate Director of Supply Chain Management at Catholic Healthcare Partners, one of the largest not-for-profit health systems in the U.S. “All told, World Energy has helped us save over $5.5 million dollars on our energy rates. This is an outcome we would not have achieved on our own, and the money we saved will help advance our mission of improving the health of our communities, particularly the poor and under-served.”

Added Mounir Doss, Executive Vice President and Chief Financial Officer of MediSys Health Network, Inc., a private, not-for-profit corporation based in New York: “World Energy’s team and technology gave us a decisive edge in buying power for our Jamaica, Flushing and Brookdale hospitals, efficiently securing the product term and price that was right for us.”

According to a 2009 Department of Energy press release, “U.S. hospitals spend over $5 billion annually on energy, often equaling 1 to 3 percent of a typical hospital’s operating budget or an estimated 15 percent of profits.” By running structured pricing events that enhance competition and provide decision makers visibility into product terms and pricing, World Energy is helping hospitals take control of this major cost.

Concluded Phil Adams, President of World Energy: “The 10-figure annual energy spend by U.S. hospitals underscores the urgent need for more advanced procurement strategies and technologies. World Energy is on the front lines of this transformation, actively making the procurement process more efficient and intelligent for hospitals around the country. Our proven online approach delivers multiple benefits for buyers, including heightened competition among suppliers for their business, which drives down price; visibility into how the market is pricing various terms and products, which promotes choice and informed decision making; and a thorough audit trail, which streamlines reporting and compliance.”

About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green-energy assets who are impacted by today’s volatile markets, World Energy’s proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning 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: 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.

SOURCE: World Energy Solutions, Inc.

World Energy Delivers Cost Savings, Budget Certainty to Higher Education Institutions through Online Energy Procurement

Recent Successes with Brown University, Providence College, Rhode Island School of Design and Roger Williams University Underscore the Value of World Energy’s People, Process and Technology

WORCESTER, MA;  June 19, 2009 – World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, today announced a number of recent successes helping Higher Education institutions procure energy over the World Energy Exchange(R). Combined, the colleges and universities, including Brown University, Providence College, Rhode Island School of Design and Roger Williams University, highlight the cost savings, budget certainty, and transparency delivered by World Energy’s technology-based approach to energy procurement.

World Energy runs online auctions for natural gas, electricity and green energy in which suppliers bid against each other, driving down prices, to win a customer’s business. In advance of the auctions, World Energy teams with its clients to share market intelligence on pricing and timing, develop and market their RFPs, and act as a central point of contact with the supplier community. This approach has proven successful for World Energy with public and private colleges both regionally and around the U.S.

The results speak for themselves. In an article highlighting World Energy’s engagement with Brown University, The Brown Daily Herald reported the school “will be able to save about $15 million over the next five years in heating and electricity costs, thanks to a new purchasing strategy powered by online technology.”

(See: http://webx.newswire.ca/click/?id=d4a1d04e3fa3426).

Added Jerome F. Williams at Roger Williams University: “Energy is one of our largest costs, and in this economic environment it was particularly important for us to review our energy procurement carefully for any cost savings opportunities. World Energy worked with us to develop a competitive energy procurement that delivered the cost savings and long-term budget stability we were after.”

“We’re glad we teamed with World Energy on our electricity and natural gas procurements,” said Fred Flori, Assistant Director, Facilities, Rhode Island School of Design. “Their process was very streamlined and professional, ultimately netting us over $1.5 million in cost savings.”

Concluded Phil Adams, President of World Energy: “Higher Education institutions across the country are viewing energy as a strategic asset and looking for proven ways to make the most of their energy investments. World Energy has a powerful value proposition for Higher Education, one underscored by the growing number of satisfied public and private institutions it has served. It’s fitting that colleges and universities are graduating to Internet-based procurement solutions to meet their energy needs, an evolution World Energy is proud to be leading.”

About World Energy Solutions, Inc.
World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green- energy assets who are impacted by today’s volatile markets, World Energy’s proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange(R) supports the ground-breaking Regional Greenhouse Gas Initiative’s (RGGI) cap and trade program for CO(2) 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: 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.

SOURCE:  World Energy Solutions, Inc.