Some exciting news for World Energy. The press release can be found here and below.

Ericsson Leverages World Energy Exchange to Purchase Power for Dallas Facilities and Meet Renewable Energy Goals

Telecommunications giant buys electricity and green credits through reverse online auction

WORCESTER, MA, Jan. 14 /CNW/ - World Energy Solutions, Inc. (TSX: XWE),the operator of leading online exchanges for energy and energy-related products, today announced that Ericsson has procured 18 million kWh of electricity via the company’s World Energy Exchange online reverse auction platform. As part of its social responsibility objectives to support renewable energy, the international telecommunications giant specified that 25% of this energy purchase be renewable.

The World Energy auction event resulted in the signing of a 12-month electricity supply contract valued at $1.48 million, representing an 8.3% savings when compared to the default Standard Offer Service prices of the area utility. In leveraging the Exchange, Ericsson is not only moving forward with their green goals, they have also experienced substantial cost reductions. Stockholm-based Ericsson, a world-leading provider of telecommunications equipment and related services to network operators globally, will use the electricity to power its North America headquarters office in the Dallas-area.

“Like many global organizations, our company is focused on delivering shareholder value while maintaining social responsibility. With the World Energy Exchange, we were not only able to deliver a substantial cost savings directly to our bottom line, but we were also able to buy green power for a significant portion of our usage, which is a key component in our corporate citizenship objectives,” said Vickie Bunch at Ericsson. “World Energy’s ability to supply a variety of energy options in addition to providing a
transparent competitive playing field for suppliers is invaluable.”

The Ericsson energy auction was arranged and conducted through World Energy channel partner, Johnson Controls, Inc. (NYSE: JCI), Milwaukee, which provides products and services that optimize energy use and improve building comfort and security.

The auction’s winning bidder was Liberty Power Corp. One of five bidders that competed for Ericsson’s business through the exchange auction, Liberty Power is a leading independent supplier of retail electricity that supplies competitively priced power to thousands of businesses and government entities in the United States. They are also the only nationally certified minority owned retail power provider.

“Participating in the World Energy Exchange has worked well for Liberty Power,” said David Hernandez, the company’s CEO. “In this case, we are pleased to have not only provided the most competitive pricing for Ericsson, but also to have helped them progress in their green objectives while providing the added benefit of contributing to their diversity purchasing goals.”

Phil Adams, World Energy President and COO, said, “The World Energy Exchange continues to demonstrate its unique ability to align channel partners, customers and suppliers for the benefit of securing low cost supply. At the same time, the Exchange has the flexibility to meet renewable energy objectives and enable fair and transparent competition for all suppliers.”

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