World Energy Solutions Supports 19th RGGI CO2 Allowances Auction
WORCESTER, Mass., March 25, 2013 (GLOBE NEWSWIRE) -- World Energy Solutions,
Inc. (Nasdaq:XWES), a leading energy management services firm, today announced
it successfully supported the 19th quarterly auction of carbon dioxide (CO)
allowances administered by Regional Greenhouse Gas Initiative, Inc. (RGGI,
Inc.) on March 13, 2013.
According to RGGI, Inc., 37,835,405 CO allowances were sold at a clearing
price of $2.80, generating $105.9 million for reinvestment by the RGGI states
in a variety of consumer-benefitting initiatives, including energy efficiency,
renewable energy, direct bill assistance, greenhouse gas abatement, and
climate change adaptation. The next RGGI auction is scheduled for June 5,
In a previously released statement, Collin O'Mara, Secretary of the Delaware
Department of Natural Resources and Environmental Control and Chair of the
RGGI, Inc. Board of Directors, said: "RGGI has provided a roadmap to a clean
energy future. The RGGI auctions continue to demonstrate that a market-based
program that spurs investments in energy efficiency and low-emission electric
generation can simultaneously achieve the goals of cleaner, cheaper, and more
More details of the auction results can be found in the RGGI, Inc. press
release dated March 15, 2013 and at www.rggi.org.
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 $30 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 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
The World Energy Solutions, Inc. logo is available at
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;
the potential impact on our historical and prospective financial results of a
change in accounting policy may negatively impact our stock price; and other
factors outside our control that affect transaction volume in the electricity
market as well as our overall business. Additional risk factors are identified
in our Annual Report on Form 10-K and subsequent reports filed with the
Securities and Exchange Commission.
CONTACT: Dan Mees
World Energy Solutions, Inc.
Dian Griesel, Inc.
World Energy Solutions, Inc. logo
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