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Lime Energy Awarded Small Business Express Program Contract for AEP Ohio

  Lime Energy Awarded Small Business Express Program Contract for AEP Ohio

Three Year Program Drives Costs Savings and Customer Satisfaction

Business Wire

HUNTERSVILLE, N.C. -- November 19, 2012

Lime Energy Co. (NASDAQ: LIME) announced today the award of a three year
contract by AEP Ohio, a unit of American Electric Power (NYSE:AEP) for the
implementation of their Small Business Direct Install Program. The AEP Ohio
Express program serves small commercial customers with annual consumption of
less than 200,000 kWh and provides significant incentives to help offset the
costs of implementing energy efficiency upgrades. The 3-year performance-based
contract between AEP Ohio and Lime Energy has the potential to save
participating small business customers over 30,000 MWh of annual energy usage
– lowering the cost of doing business in Ohio. AEP Ohio is headquartered in
Gahanna, Ohio and provides service to over 1.5 million customers throughout
the state.

Lime Energy will be the exclusive provider of comprehensive energy efficiency
upgrades for the program and anticipates the creation of numerous energy
efficiency jobs as a result of the contract. AEP Ohio will incentivize their
small business customers to reduce wasted energy and lower their monthly
electric bills by paying up to 80% of the project cost to complete an energy
retrofit. “The revitalized Small Business Express Direct Install Program is
part of AEP Ohio’s ongoing commitment to provide value to our customers,” said
Al Kohler, program coordinator of AEP Ohio’s Express Program. “Implementing
Energy efficient technologies will allow small business owners throughout Ohio
to create a better work environment and put money back in their pocket every
month.”

“Lime Energy has been at the forefront of delivering energy efficiency through
utility programs since 2009,” said John O’Rourke, President and CEO at Lime
Energy. “Lime is excited to bring our innovative SBDI model to the Midwest.
Our proven technology platform and our unparalleled small business marketing
and sales experience will ensure the success of this program for AEP Ohio
while delivering the highest level of satisfaction to their customers.”

About Lime Energy Co

Lime Energy is a national leader in designing and implementing energy
efficiency programs for utilities, government agencies and private
enterprises. Our innovative solutions enable our clients to meet their energy
savings and carbon reduction goals across a portfolio of facilities, driving
increased profitability and competitiveness. We bring proven results and over
25 years of experience that enable us to scale energy efficiency programs to
meet increasing clean energy regulations.

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of
the safe harbor provisions of the Private Securities Litigation Reform Act of
1995 including statements that reflect Lime Energy's current expectations
about its future results, performance, prospects and opportunities. Lime
Energy has tried to identify these forward-looking statements by using words
and phrases such as "may," "expects," "anticipates," "believes," “hope,”
"intends," "estimates," "plan," "should," "typical," "preliminary," or similar
expressions. These forward-looking statements are based on information
currently available to Lime Energy and are subject to a number of risks,
uncertainties and other factors that could cause Lime Energy's actual results,
performance, prospects or opportunities to differ materially from those
expressed in, or implied by, these forward- looking statements. These risks
include those described in Lime Energy's most recent Annual Report on Form
10-K or as may be described from time to time in Lime Energy's subsequent SEC
filings; such factors are incorporated here by reference.

Contact:

Bristol Capital Ltd.
Investor Relations:
Glen Akselrod, 905-326-1888
glen@bristolir.com