World Energy Solutions Inc (NASDAQ:XWES)

World Energy Solutions, Inc. offers energy management solutions to commercial and industrial businesses, institutions, utilities, and governments to reduce their overall energy costs. The company has developed three online auction platforms, The World Energy Exchange, The World Green Exchange and The World DR Exchange. The World Energy Exchange provide retail and wholesale transactions involving electricity, natural gas, green power, and other fuels and the World Green Exchange transacts renewable energy certificates and greenhouse gas emissions credits. The World Green Exchange to support customers' sustainability goals as well as provide a marketplace for project developers to sell their environmental credits. The World DR Exchange creates an efficient, transparent and liquid marketplace to maximize incentive payments available to customers and provide a source of curtailment-ready customers for the industry's curtailment service providers (""""CSPs""""). It operates the business based on two industry segments: Energy procurement and Energy efficiency services. The Energy procurement process is substantially the same regardless of the market being serviced and is supported by the same operations personnel utilizing the same basic technology and back office support. The Energy efficiency services focus on turn-key electrical, mechanical and lighting energy efficiency measures servicing commercial, industrial and institutional customers. World Energy Solutions was founded by Richard M. Domaleski on June 22, 1999 and is headquartered in Worcester, MA.