World Energy Solutions Completes Funding

Worcester, Massachusetts [] World Energy Solutions, Inc. completed its initial public offering and secondary offering of 27,441,064 shares of common stock. The offering was comprised of 20,000,000 shares sold by World Energy for gross proceeds to the Company. World Energy will use the net proceeds of the initial public offering to fund acquisitions, develop a green credits platform, target other energy-related markets, target utilities and expand its government relationships, and more. World Energy developed an online auction platform, the World Energy Exchange, through which energy consumers in the U.S. can purchase electricity and other energy resources from competing energy suppliers. While its core competency is brokering electricity, it adapted its World Energy Exchange auction platform to accommodate the brokering of natural gas, green power, and certain other energy-related products.
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