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  • GSA Advances Green Power Adoption And Significant Energy Savings Through World Energy Solutions, Inc. (XWES) 0 comments
    Jun 29, 2012 10:23 AM | about stocks: XWES

    World Energy Solutions, a prominent energy management services firm, announced that it has assisted the U.S. General Services Administration, Region 2, in the procurement of approximately 300 million kWh of electricity. The procurement includes multiple GSA facilities in New York, in addition to other federal accounts, including the American Red Cross, Bureau of Prisons, United Nations, U.S. Coast Guard, and U.S. Department of Veterans Affairs.

    In a battery of competitive online auctions on the World Energy Exchange ®, GSA tested several products and terms in a reasonable and transparent manner, accumulating 127 bids from six suppliers throughout the process. The auctions brought in new contracts that are expected to result in over $10.8 million in savings relative to the prior agreements of the participating agencies. Delivery will begin in May 2012 under the new terms.

    Markedly, GSA awarded two-year power contracts for its Manhattan and Upstate Service Centers. It is anticipated that these contracts will result in annual savings in excess of $3 million and $750,000. The Manhattan Service Center was able to achieve savings of this magnitude while purchasing exclusively green energy. Additionally, GSA's Upstate Service Center was able to up its green energy percentage to 7.5% from its previous value of 0%.

    Through the auctions, each participating agency secured green power while reducing energy costs, further burnishing GSA Region 2′s credentials in environmental leadership. In 2011, GSA Region 2 won a coveted GSA Achievement Award for Real Property Innovation in sustainability. GSA has been notified it will receive a similar award again in 2012 for continuing to lead by example.

    "It is very gratifying to help GSA Region 2 and other participating federal agencies in New York capitalize on historic lows in the market to save money and green their portfolios," said Jonathan Harvey, Vice President, Government, at World Energy Solutions. "Each time we do this - and we've been working together now for 10+ years - we see how well our procurement process works, the competitive dynamics it fosters and the strong supplier participation it elicits. GSA continues to lead the way in energy procurement, delivering great results to its constituents in a fair and transparent manner."

    Added Phil Adams, CEO of World Energy Solutions: "Under the careful stewardship of Ken Shutika and Brian Magden, GSA Region 2 has set the gold standard for energy procurement. The proof lies in the numerous awards they have won - and keep on winning - and the millions of dollars in electricity-rate savings and green power they continue delivering to a growing number of federal agencies and facilities."

    Yesterday's deal marks the latest success for World Energy and GSA under the terms of a 5-year energy management contract the two executed in 2010. That contract provides supply-side energy procurement and management services to the GSA's Energy Division for its extensive network of federal government agencies and runs through September 30, 2015.

    For further information, please visit worldenergy.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: XWES
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