Lime Energy Exceeds Energy Efficiency Program Goal for National Grid
Delivered 45,732MWh for 2012
HUNTERSVILLE, N.C. -- January 24, 2013
Lime Energy Co. (NASDAQ: LIME) announced today they have met both their
original and revised annual savings goals set by National Grid, for their
small business Direct Install Program. Lime Energy is the exclusive provider
for the Western New York and Frontier regions of National Grid’s upstate New
York State service territory, and this is the third consecutive year that Lime
has exceeded their goal and been the leading provider in the program. Lime
delivered $11 million in National Grid incentive monies to customers in 2012.
National Grid provides rebates of up to 70 percent of the project cost for
small business customers to upgrade to more energy efficient equipment.
National Grid also offers interest-free, on-bill financing for the remaining
customer share of the cost. To date, Lime Energy and National Grid have saved
more than 7,000 small business owners over $15 million annually on their
“Lime Energy is proud to bring energy efficiency savings to National Grid’s
business customers while contributing toward New York State’s ‘15 percent
energy reduction goal by 2015,’” said John O’Rourke, President and CEO of Lime
Energy. “Our partnership with National Grid and their Small Business Direct
Install Program has stimulated the local economy, created green jobs, and put
money back into the pockets of those in the community who need it most.”
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.
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.
Lime Energy Co.
Ashley Conger, 704-892-4442
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