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February 26, 2009
Link to Registry Streamlines Transactions on the World Green Exchange
New York, NY and Worcester, MA, February 26, 2009 – World Energy Solutions, Inc. (TSX: XWE), an operator of online exchanges for energy and green commodities, today partnered with TZ1 Registry, a top global registry and environmental commodities markets infrastructure provider. The partnership expedites listing TZ1-registered projects on the World Green Exchange®, one of North America’s largest primary carbon marketplaces. It also provides buyers access to a deep new pool of high-quality, registry-linked supply, facilitating simple, error-free transactions.
“Carbon market participants from around the world turn to us for key value added services to make their products more attractive to buyers and profitable to investors. We view our partnership with World Energy as a natural extension of this value proposition,” said Helen Robinson, CEO of TZ1 Registry. “World Energy’s leadership in carbon trading and commitment to providing carbon market participants what they need to transact with confidence makes the World Green Exchange a place we recommend to our customers to better showcase and monetize their projects.”
Added Robert Coulter, President and CEO of Alberta-based Emission Credits International Corporation (ECIC), an aggregator of carbon offsets and joint customer of World Energy and TZ1 Registry, “This partnership is great news for buyers and suppliers of carbon commodities. I have been very satisfied with the services of both companies, transacting hundreds of thousands of offsets on the World Green Exchange and listing 2.5 million new carbon credits with TZ1 Registry. Our industry needs more synergies like this to streamline transactions and take the complexity and opacity out of carbon trading.”
Concluded Phil Adams, President and COO of World Energy, “Registry services play a vital role in the trading lifecycle of carbon commodities through the increased transparency they provide. As such, adding links between the World Green Exchange and TZ1’s global registry is an important development. This partnership advances World Energy’s strategy of teaming with the top service providers in the carbon market to deliver an unparalleled end-user experience, one marked by ease of use and seamless transactions.”
About TZ1 Registry
TZ1 Limited is a pre-eminent environmental commodities markets infrastructure provider. As the global trend in managing environmental assets moves towards price-based mechanisms, a robust registry is an essential tool to provide transparency and credibility. Only credible and robust financial infrastructure (with inherent flexibility) will best serve this new marketplace. A core part of the TZ1 business is its Registry service, providing critical market capability and giving the necessary comfort to project developers, buyers and the increasingly important investors in these emerging markets. For more information: http://tz1market.com
About World Energy Solutions, Inc.
World Energy (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.
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