World Energy Solutions Inc (DE) (XWES)

World Energy Solutions, Inc. provides a range of energy management solutions to commercial and industrial businesses, institutions, utilities, and governments. The company operates in two segments, Energy Procurement and Energy Efficiency Services. The Energy Procurement segment delivers energy procurement services to retail energy, wholesale energy, demand response, and environmental commodity markets. The Energy Efficiency Services segment provides turn-key electrical, mechanical, and lighting energy efficiency services to commercial, industrial, and institutional customers. The company operates World Energy Exchange, an online auction platform that enables energy consumers in North America to negotiate for the purchase or sale of electricity, natural gas, and other energy resources from competing energy suppliers who have agreed to participate on its auction platform in a given event; and enables buyers and sellers to negotiate for the purchase or sale of environmental commodities, such as renewable energy certificates, verified emissions reductions, and certified emissions reductions. It also enables demand response providers and energy consumers to come together in auction events designed to yield price transparency, heighten competition, and maximize the energy consumers’ share of demand response revenues. The company was founded in 1996 and is headquartered in Worcester, Massachusetts. As of January 2, 2015, World Energy Solutions, Inc. operates as a subsidiary of EnerNOC, Inc.