John O'Rourke Delivers Energy Efficiency Vision to NCSEA Annual Conference

Lime Energy Co. President and CEO John O’Rourke spoke at the NC Sustainability Energy Association’s annual meeting on November 9th

urke Delivers Energy Efficiency Vision to NCSEA 2 1320964010Huntersville, NC, November 10, 2011 — Lime Energy Co. (NASDAQ: LIME) President and CEO John O’Rourke spoke at the NC Sustainability Energy Association’s annual meeting on November 9th.  As part of the CEO Panel, O’Rourke shared his vision for the future of the clean energy economy.

“We know job creation is happening in the clean energy space,” said O’Rourke.  “According to NAESCO every $1 million of project value is estimated to create 10 direct jobs in engineering, construction and equipment manufacturing. The income created by these direct jobs provides another 10 to 12 indirect jobs. Clean Energy projects require smart analysis, but also require hard labor and installation personnel.  Growth in the number of clean energy programs being approved and installed in North Carolina helps put back blue color jobs here at home and Lime has experienced this opportunity first hand.”

NCSEA’s annual conference, Making Energy Work, brought together companies, thought leaders, educators and policy makers from all across North Carolina and provided a forum to discuss the future of the clean energy economy in the state.  The association also released their annual Renewable Energy and Energy Efficiency Industries Census which indicated that NC’s clean energy sector employment grew by 10% since 2010.

Key findings from the 2011 Census also included:

  • North Carolina’s clean energy sector accounts for 14,800 full time equivalent (FTE) employees in 2011.
  • In 2011, the clean energy sector conservatively generated more than $3.1 billion in North Carolina annual gross revenue.
  • North Carolina’s clean energy sector grew by 18.4 percent
  • NCSEA conservatively estimates that at least 1,084 firms are currently conducting business in the clean energy sector in 2011.
  • Firms maintained a physical office in 87 of North Carolina’s 100 counties.
  • Wake, Mecklenburg and Buncombe counties all reported more than 200 clean energy firm offices within county limits.
  • The North Carolina market was the final destination for the majority of firms’ services and products.

About Lime Energy Co

As one of the nation’s leading providers of clean energy solutions, Lime brings over 20 years of delivering economically viable efficiency and renewable energy solutions that benefit communities and protect the environment.  Lime’s platform includes the energy industry’s most experienced professionals and an expansive geographic footprint with over 400 employees at 20 locations in North America.  Lime Energy’s services include integrated energy engineering, consulting and the implementation of solutions that enable customers to reduce their facility’s energy consumption, lower their operating and maintenance costs and reduce their carbon footprint.  The company’s stock is traded on NASDAQ under the symbol LIME.  Additional information is available at www.lime-energy.com or by emailing info@lime-energy.com.

 

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 in 2011 and beyond 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.

 

 

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