World Energy Nets Conn. School Contract
Worcester-based energy management firm World Energy Solutions Inc. announced a 36-month contract with a Connecticut school that helped the school purchase 100 percent green energy.
World Energy's contract with the Taft School, an independent boarding and day school in Watertown with 586 students, began Jan. 26.
Through a series of auctions run on the World Energy Exchange, the school was able to procure 13 million kilowatt hours (kWh) of electricity from renewable sources at a cost that's more than 2 cents per kWh less than its previous contract.
The deal is expected to reduce the school's electricity costs by more than $300,000 over the duration of the contract and cut carbon dioxide emissions by 3,169 metric tons each year, the equivalent of greenhouse gas emissions from 660 passenger vehicles.
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