WASHINGON, D.C.—World Energy Solutions, Inc., an operator of online exchanges for energy and green commodities, announced that Great Addresses, a leading independent hotel management company in Washington, D.C., has successfully greened the energy portfolios of its flagship properties through transactions on the World Energy Exchange and World Green Exchange.
Great Addresses worked with World Energy to first secure a 36-month electricity contract, with 10 percent green power, for its premiere D.C. lodgings, The Carlyle Suites Hotel and The Savoy Suites Hotel. Then, spurred by the savings from that transaction, Great Addresses invested in a three-year strip of Renewable Energy Certificates (RECs) on the World Green Exchange to green its entire energy purchase. As a result, the Carlyle Suites and Savoy Suites Hotels will effectively run on 100 percent wind power for the next three years.
“Teaming with World Energy has been a very positive experience for us, one marked by the ease of use of its exchanges, the wealth of choices they provided us, and the professionalism of its team,” said Richard Spigler, president of Great Addresses. “World Energy provided us a better way to buy energy, one that has advanced our sustainability goals and underscored our commitment to our customers to bring them the luxury and service they expect in an eco-friendly way.”
Service Provided Since 2003
“One of the easiest and most significant ways companies can go green is by rethinking how they procure energy,” said Phil Adams, president of World Energy. “We have been providing this service to clients since 2003, winning many awards for this innovation. We commend Great Addresses for not only taking this strategic step, but also for going beyond it by reinvesting the savings they earned on their electricity contract to buy the additional RECs necessary to go entirely green.”
In addition to procuring green energy, the Carlyle Suites and Savoy Suites Hotels actively invest in their facilities and employees to promote sustainable business practices. Examples include, but are not limited to: partnering with green-minded vendors; updating guestrooms and function areas with energy-efficient lighting and water-saving devices; and featuring eco-friendly amenities.
The World Green Exchange is an open marketplace that enables buyers and sellers of carbon commodities to transact with confidence. Working with leading standards, registries, consultants, project developers and banks, the World Green Exchange streamlines the procurement process. More than 78 million green commodities, spanning CERs, VERs, RECs, Alberta offsets and RGGI allowances, have been transacted on the World Green Exchange, making it one of the largest primary carbon marketplaces in the world. The World Green Exchange is owned and operated by World Energy Solutions, Inc.
