Home » Uncategorized » American Foundry Society and EMEX, LLC Announce Partnership to Provide Energy Risk Management Solutions

American Foundry Society and EMEX, LLC Announce Partnership to Provide Energy Risk Management Solutions

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EMEX, LLC, a leading technology firm that is revolutionizing how energy is bought and sold through its live Reverse Auction Exchange, announced an alliance with the American Foundry Society (AFS) today.  This strategic partnership has been formed to consult and assist in the procurement of electricity and natural gas rates for AFS Corporate Members through EMEX’s Reverse Auction Platform.  EMEX – a new Corporate Member of AFS – will also provide customized energy risk management strategies for AFS Corporate Members.

Leo Baran, Director of Membership Services for the AFS, is excited about the opportunities created through the partnership with EMEX.  “Our members are always looking for ways to become more efficient.   Since the launch  of the Energy Solutions Program and after months of research and consideration by Brian Reinke and TDI Consulting, we believe that EMEX is a key strategic partner to strengthen our program and provide additional benefits to our Corporate Members.”

“Today’s partnership marks another step forward for EMEX,” said Todd Bennett, Director of EMEX’s National Energy Portfolio.  “Since the founding of EMEX in 2007, we have always poured significant resources into continually enhancing our technology and finding better ways to help our clients manage energy costs.  The American Foundry Society is a well-known and respected organization both domestically and internationally dating back to 1896. We are proud to be corporate members of the AFS and look forward to working with their constituent members.”

As part of EMEX’s participation in the Energy Solutions Program, EMEX will work together with AFS and its Corporate Members to provide education about energy markets and develop customized energy risk management strategies for AFS Members to assist them with the procurement of electricity and natural gas. 

“We look forward to utilizing our energy risk management expertise to help AFS Corporate Members control their electricity and natural gas costs in states that are open to retail competition,” said Phillip Golden, EMEX’s Director of Products and Risk Management.  “We are committed to providing the exceptional service which is the hallmark of EMEX and has been a foundation of our success.”

The partnership will enable AFS Corporate Members to utilize the Flagship EMEX® Reverse Auction Platform, which generates highly competitive energy rates in real time from the dozens of National Retail Energy Suppliers that work with EMEX. The live online reverse auction, coupled with the procurement strategies that can be custom-tailored for each individual company, will create a compelling opportunity to easily manage and reduce the cost of energy which is typically one of their major expenses outside the purchase of raw materials

EMEX will be presenting at the Annual AFS Congress in Schaumberg, Illinois in April.

About American Foundry Society The American Foundry Society is the leading U.S. based metalcasting society, assisting member companies (metalcasting facilities and industry suppliers) and individuals to effectively manage their production operations, profitably market their products and services and equitably manage their employees. The American Foundry Society also promotes the interests of the metalcasting industry before the legislative and executive branches of the U.S. federal government. With the direction of its volunteer committee structure, the professional staff of the American Foundry Society provides support in the areas of technology, management and education to further the economic progress of the metalcasting industry.

About EMEX, LLC EMEX, LLC is a leading technology firm that is revolutionizing how energy is bought and sold through its live Reverse Auction Exchange. The Exchange creates a real-time trading environment that compels sellers to compete, resulting in prices dropping precipitously for businesses procuring energy. EMEX continues to develop new platforms that specialize in Exchanges for all industry types in order to provide a real-time buying and selling environment for all commodities, products, and services. For more information, please visit: EmexPower Site

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