leading online exchanges for energy and environmental commodities, today announced the company has completed one of the first online auctions in the US for verified emission reductions (VERs) on the World Green Exchange. Through the World Energy platform, Atmosclear, an organization committed to providing offsets to help consumers and businesses reduce their contribution to global warming, was able to sell 75,000 metric tons of VERs, sometimes referred to as carbon credits.

Atmosclear, which is owned by CoolClimate LLC, owned rights to emissions reductions from a business partner’s methane capture project located on a small Illinois landfill. After learning of the price discovery benefits of using an auction, Atmosclear came to World Energy to leverage the community of buyers on the World Energy platform and seek buyers for some of the VERs. By working with World Energy to qualify the eligibility of the reductions under specific standards, Atmosclear was able to swiftly auction off the emissions credits and generate an additional revenue stream for the client.

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Based on the award winning and commercially proven World Energy Exchange, the World Green Exchange provides an effective means of extracting greater value for green assets ranging from renewable energy credits, verified emission reductions and emission allowances. Under current regulations, most credits are voluntary; however organizations can capitalize on the transparency and efficiency of the exchange to buy and sell green power.

To learn more about the renewable energy industry please visit the World Energy Green Blog.

Commentary & Quotes:

Sid Embree, Atmosclear

“We chose to work with World Energy because of its ability to quickly bring verified emission reductions into an online auction environment. The platform is an easy to use tool for sellers of emission reductions who want to find buyers. Instead of sourcing individual buyers ourselves and dealing with the time consuming paperwork process, World Energy brought to us its community of buyers. The ability to quickly and easily sell VERs via the online auction is critical as we continue to diversify our supply of verified emissions reductions.”

Rick Adcock, Senior Vice President, Environmental Markets World Energy

“Completing one of the first auctions for verified emissions credits is another pioneering step in the innovative history of World Energy. In a climate of regulatory and legislative uncertainty it is critical to have a platform that not only enables a customized space for transacting verified emissions credits, but also provides transparency and price discovery. The result achieved during the Atmoslcear auction, including the achievement of a price nearly 30 percent over the established benchmark price, validates the advantages of the exchange in addressing the problems associated with a fragmented market, capitalizing on the efficiency of the online auction process.”

About World Energy Solutions, Inc.

World Energy operates leading online exchanges for energy and energy-related products. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 40 billion kwh of electricity, 700 million kwh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit www.worldenergy.com.

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

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Posted: 12|14|07 at 2:33 pm. Filed under: Press Release.

leading online exchanges for energy and environmental commodities, today announced the company has completed one of the first online auctions in the US for verified emission reductions (VERs) on the World Green Exchange. Through the World Energy platform, Atmosclear, an organization committed to providing offsets to help consumers and businesses reduce their contribution to global warming, was able to sell 75,000 metric tons of VERs, sometimes referred to as carbon credits.

Atmosclear, which is owned by CoolClimate LLC, owned rights to emissions reductions from a business partner’s methane capture project located on a small Illinois landfill. After learning of the price discovery benefits of using an auction, Atmosclear came to World Energy to leverage the community of buyers on the World Energy platform and seek buyers for some of the VERs. By working with World Energy to qualify the eligibility of the reductions under specific standards, Atmosclear was able to swiftly auction off the emissions credits and generate an additional revenue stream for the client.

<>

Based on the award winning and commercially proven World Energy Exchange, the World Green Exchange provides an effective means of extracting greater value for green assets ranging from renewable energy credits, verified emission reductions and emission allowances. Under current regulations, most credits are voluntary; however organizations can capitalize on the transparency and efficiency of the exchange to buy and sell green power.

To learn more about the renewable energy industry please visit the World Energy Green Blog.

Commentary & Quotes:

Sid Embree, Atmosclear

“We chose to work with World Energy because of its ability to quickly bring verified emission reductions into an online auction environment. The platform is an easy to use tool for sellers of emission reductions who want to find buyers. Instead of sourcing individual buyers ourselves and dealing with the time consuming paperwork process, World Energy brought to us its community of buyers. The ability to quickly and easily sell VERs via the online auction is critical as we continue to diversify our supply of verified emissions reductions.”

Rick Adcock, Senior Vice President, Environmental Markets World Energy

“Completing one of the first auctions for verified emissions credits is another pioneering step in the innovative history of World Energy. In a climate of regulatory and legislative uncertainty it is critical to have a platform that not only enables a customized space for transacting verified emissions credits, but also provides transparency and price discovery. The result achieved during the Atmoslcear auction, including the achievement of a price nearly 30 percent over the established benchmark price, validates the advantages of the exchange in addressing the problems associated with a fragmented market, capitalizing on the efficiency of the online auction process.”

About World Energy Solutions, Inc.

World Energy operates leading online exchanges for energy and energy-related products. Our proven approach provides market intelligence, promotes liquidity, and creates price transparency for all market participants, enabling our customers to transact with confidence and to seek the best possible price. To date, the company has transacted over 40 billion kwh of electricity, 700 million kwh of green power and Renewable Energy Certificates (RECs) and one trillion cubic feet of natural gas. For more information, please visit www.worldenergy.com.

This press release contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to: our revenue is dependent on actual future energy purchases pursuant to completed procurements; the demand for our services is affected by changes in regulated prices or cyclicality or volatility in competitive market prices for energy; we depend on a small number of key energy consumers, suppliers and channel partners; there are factors outside our control that affect transaction volume in the electricity market; and there are other factors identified in our Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission.

Share This Article by Email or Social Web

Posted: 12|14|07 at 2:33 pm. Filed under: Press Release.