Firm's Auction Technology and Market Expertise Give the State An Edge in Strategic Energy Procurement PROVIDENCE, RI and WORCESTER, MA, Oct. 5 /PRNewswire-FirstCall/ -- World Energy Solutions, Inc. (NASDAQ: XWES; TSX: XWE), an operator of online exchanges for energy and green commodities, today announced the State of Rhode Island has successfully procured over 5 million Dth of natural gas over the World Energy Exchange(R). The 36-month contract, which commences November 1, 2009, is projected to deliver over $1 million in budget savings to the State. World Energy held the competitive pricing event on September 29th, running online auctions that attracted multiple suppliers and helped the State secure an attractive basis rate. Working closely with Rhode Island's procurement team, World Energy structured the auctions to meet the State's needs, addressing various account classes, market variables and risk tolerances. The resulting gas contract will be used to meet a portion of the State's total firm requirements at its many Department of Administration buildings, Court systems and other State accounts, including the University of Rhode Island and T.F. Green Airport. "At a time when every dollar counts, our decision to engage with World Energy for energy procurement services is paying dividends for the State," said Gary Sasse, Director, Department of Administration at the State of Rhode Island. "Along with the cost savings this procurement yielded, we are particularly pleased with the market intelligence and team approach World Energy has brought to the process, saving us time and resources while making the procurement more efficient. As a next step, we look forward to working with World Energy to hone our risk strategy and manage commodity cost." Added Jonathan Harvey, Vice President, Government, at World Energy: "Ninety percent of running a successful online auction is in the preparation, i.e., understanding the customer and market, engaging suppliers, and structuring the actual event to maximize its success. We are glad we had the opportunity to apply our extensive experience in both government and natural gas procurement to help the State of Rhode Island meet its energy and budget needs, and look forward to further developing our relationship with the State." About World Energy Solutions, Inc. World Energy (NASDAQ: XWES; TSX: XWE) operates online exchanges for energy and green commodities. For buyers and sellers of electricity, natural gas, capacity, and green- energy assets who are impacted by today's volatile markets, World Energy's proven approach has transformed the normally complex procurement process into a powerful, streamlined vehicle for cost savings. In addition to enabling customers to seek competitive pricing on traditional energy commodities, World Energy is taking a leadership position in the emerging environmental-commodities markets. Its award-winning World Green Exchange(R) supports the ground-breaking Regional Greenhouse Gas Initiative's (RGGI) cap and trade program for CO2 emissions. For more information, please visit http://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. DATASOURCE: World Energy Solutions, Inc. CONTACT: Investor Relations: Phil Adams, World Energy Solutions, Inc., (508) 459-8100, ; or Craig Armitage, The Equicom Group, (416) 815-0700 x278, ; Media Relations: Dan Mees, World Energy Solutions, Inc., (508) 459-8156, ; or Amy Kempe, State of Rhode Island, (401) 222-8290,

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