WORCESTER, Mass., Sept. 23, 2014 (GLOBE NEWSWIRE) -- World Energy Solutions, Inc. (Nasdaq:XWES), a leading energy management services firm, today announced it has been selected by Western Massachusetts Electric Company (WMECo), an electric utility serving over 200,000 customers in Western Mass., as an approved contractor within its Project Expeditor Program. This new program is designed to help mid-size and large businesses with average monthly demand of over 300 kW reduce energy costs through the implementation of energy efficiency measures.
As a contractor within the WMECo Project Expeditor Program, World Energy is approved by the utility to provide comprehensive energy conservation measures, including lighting, energy management systems (EMS), HVAC, retro-commissioning and installing variable frequency drives (VFD), for customers throughout the WMECo service territory. The cost of these efficiency projects is being supplemented directly by WMECo, with the utility offering up to 40% percent of the total cost of qualifying lighting and mechanical retrofits.
"Winning this designation within WMECo's new energy efficiency program is strong validation of our credentials as one of New England's top energy efficiency firms," said Rick Galipeau, Vice President and General Manager of Energy Efficiency at World Energy Solutions. "We expect the WMECo Project Expeditor Program to drive business growth for us in Western Mass. and have already identified several project opportunities there."
One such project, a $350,000+ retrofit for a top boarding school, has already been signed. The comprehensive implementation will include energy efficient lighting, refrigeration, and VFD controls throughout the campus. The project is expected to be completed this fall.
Today World Energy Solutions is a preferred provider of energy efficiency services in five utility programs in Massachusetts and Connecticut: NSTAR's Direct Install Program for small businesses; NSTAR's Municipal Program for government entities; WMECo's Project Expeditor Program for mid-size and large businesses; and the Small Business Energy Advantage Program for Connecticut Light & Power and The United Illuminating Company.
About World Energy Solutions, Inc.
World Energy Solutions, Inc. (Nasdaq:XWES) is an energy technology and services firm transforming energy procurement and energy efficiency for commercial, industrial, institutional, government and utility customers. The Company's award-winning, cloud-based auction platform, the World Energy Exchange®, its team of energy experts, and a network of more than 500 suppliers and 300 channel partners form an ecosystem that enables customers to minimize their total cost of energy. To date, World Energy has transacted over $45 billion in energy, demand response and environmental commodities, creating more than $3 billion in value for its customers. For more information, please visit www.worldenergy.com.
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