• DOE & NREL Showcase Hydrogen Powered Bus at A Taste of Colorado September 2, 2010
    To help spread the word about advanced technology vehicles, the U.S. Department of Energy’s Fuel Cell Technologies Program is showcasing alternative fuel vehicles at this year’s A Taste of Colorado. […]
  • Scientist Named an American Chemical Society Fellow September 1, 2010
    Dr. Helena Chum, research fellow at the U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL), was recently named a 2010 Fellow by the American Chemical Society (ACS). […]
  • NREL Seeks Design Tools for Better Car Batteries August 23, 2010
    The U.S. Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) is seeking proposals to create computer models to help build and improve electric drive vehicle (EDV) batteries. […]
  • Media Invited to Geothermal Energy Symposium August 12, 2010
    The U.S. Department of Energy’s Rocky Mountain Oilfield Testing Center (RMOTC) in partnership with the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) and the Southern Methodist University (SMU) Geothermal Laboratory, invite members of the media to attend the two-day “Geothermal in the Oil Field” symposium in Casper, Wyo., Aug. 18-19, […]
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  • Mariner may be facing BP-style crisis September 2, 2010
    Mariner Energy, Inc. shares dropped more than 4 percent Thursday following news that one of its production platforms exploded in the Gulf of Mexico. […]
  • BP's life on 'frontiers' of energy industry at risk August 29, 2010
    At a celebration of BP's centennial last October, CEO Tony Hayward boasted to guests that the oil company "lives on the frontiers of the energy industry." […]
  • Gas prices continue unusual pre-Labor Day fall August 23, 2010
    Gasoline pump prices continued to fall on Monday, offering a bright spot for drivers watching their wallets in the uncertain economy. […]
  • Blackstone taking Dynegy private for $542.7M August 13, 2010
    Asset manager Blackstone Group said Friday it is paying $542.7 million to take Dynegy Inc. private in a three-way deal that will see Dynegy also sell four power plants to NRG Energy Inc. […]
  • Gulf spill investigators eye undersea evidence August 6, 2010
    Now that BP appears to have vanquished its ruptured well, authorities are turning their attention to gathering evidence from what could amount to a crime scene at the bottom of the sea. […]

Reverse Energy Auction

Reverse Energy Auction

Reverse Energy Auction

What are the benefits of an online reverse auction versus the standard procurement process?
In an online reverse auction, suppliers are invited to bid in a web-based auction in real-time. In this process, suppliers compete against each other to win your business, driving down the price in the process. Because suppliers can see the price they are competing against, but not who they are competing with, they are much more aggressive in discounting. Once the sourcing event is over, the buyer has the information he or she needs to make an informed decision. Because suppliers submit multiple bids in response to pressure, they have more opportunities to earn a buyer’s business then in a closed format. Effectively driving down prices to new lows is what makes Reverse Energy your one stop energy procurement specialist.

Our Platform

We currently have the most effective web and technology based reverse auction platform in the industry . In fact it spans multiple industries. From Green Energy procurement and commodities to Hospital Procurement for capital equipment and supplies in the health care industry. Our platform is universal and has been in development since 2002. The auction platform can be accessed through our sister company Reverse Medical. You will need to register to access the platform. Please go to our register page located under this tab(Reverse Energy Auction).