World Energy Exchange Surpasses $30 million
in Energy Sales
Worcester, Massachusetts (Business Wire) --January 12,
2001--
World Energy Exchange, Inc. (WEXCH), a leading provider
of energy procurement solutions and value-added services
to commercial, industrial, and government energy customers,
today announced that it had surpassed a milestone figure
for volume of energy transacted through its Internet-based
procurement engine.
“We are extremely pleased with how quickly and efficiently
our new hub has been implemented and accepted by the energy
community,” said Richard Domaleski, president of World
Energy Exchange. By the end of November, WEXCH had over
285,000 megawatt-hours of energy under management, with
over 70 suppliers registered to bid on the energy requirements
posted on the site. Based on additional data gathered since
the beginning of December, World Energy Exchange expects
the value of the energy and energy-related products and
services purchased through its hub to increase to more than
$100 million by the end of 2001’s first quarter.
Domaleski noted his decision to use Excelergy Corporation’s
web-based energy portal, EnergyMarketplace, as a key factor
in the success of World Energy Exchange’s WEXCH.com
transaction hub. “We looked at different partners,
and Excelergy was the only company that had the technology,
the experience and the commitment to customer service that
fit our needs. They were extremely helpful in customizing
a web portal to our specifications, and they executed against
a very tight project time frame,” Domaleski added.
About Excelergy
Excelergy delivers complete software technology to utilities
and retail energy companies operating in restructuring global
energy markets. Excelergy's innovative suite of EDI- and
XML-enabled products includes the Excelergy ABP™ 3000
customer billing and information system, the Excelergy eXACT™
family of business-to-business transaction management solutions,
and the web-based EnergyMarketplace energy portal. Headquartered
in Lexington, MA, Excelergy has additional US offices in
Santa Monica, CA and Atlanta, GA. Its European headquarters
are located in Bristol, England. More information is available
at www.excelergy.com.
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