World Energy Solutions, Inc. is an energy management services firm dedicated to helping clients manage energy as a strategic asset. The Company was founded in 1996 to address new opportunities created by the convergence of two mega-trends: B2B e-commerce and energy deregulation. While many firms saw similar opportunities, none executed as well as World Energy in bringing Internet efficiencies – backed by people, process and technology – to opaque energy commodities markets. 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.
Using a variety of electronic tools, including forward, reverse and blind auctions, our flagship World Energy Exchange® creates a highly liquid and transparent marketplace for our customers to transact. We support our proven, award-winning platform with deep market expertise, a rigorous end-to-end process, exceptional data management capabilities, and value-added services such as bill validation, risk management and carbon footprinting. 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. Building on this lineage, World Energy launched the World DR ExchangeTM in February, 2010, a new auction platform that changes the economic and competitive dynamics of the multi-billion dollar demand response (DR) market. With World Energy, companies now can engage curtailment service providers (CSPs) in highly-structured auction events designed to yield price transparency, heighten competition, and maximize their share of demand response revenues. We’ve Earned Our Reputation
With over 14,000 successful online pricing events to our credit, World Energy has established an impressive track record helping clients manage energy more strategically. Our proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. Milestones - 2001
- World Energy Exchange procures electricity for the U.S. General Services Administration
- 2002
- World Energy manages the Federal Government’s Civilian Natural Gas Program
- 2003
- World Energy conducts first green auction for the Environmental Protection Agency
- 2004
- First state client saves $5 million annually in energy costs and wins 2005 Outstanding Program Award from NASCA
- 2005
- First utility saves $42 million on initial auction
- 2006
- World Energy cited as top aggregator, broker, consultant in competitive energy markets by KEMA
- Completes Initial Public Offering on the Toronto Stock Exchange (XWE)
- 2007
- Acquires Energy Gateway
- Launches World Green Exchange
- 2008
- Selected by RGGI, Inc. to support the first cap-and-trade auctions in U.S. history on the World Green Exchange
- 2009
- Lists on the NASDAQ (XWES)
- 2010
- Announces record 2009 revenues across product lines
- Launches the World DR Exchange, the first online marketplace for demand response
Our corporate headquarters are located in Worcester, Massachusetts, with regional office locations in The Woodlands, Texas; Washington, DC; Dublin, Ohio; and Berwyn, Pennsylvania. |
