Newark, NJ, April 20, 2016– Lime Energy Co. (NASDAQ: LIME) announced today it has received a one-year contract extension with National Grid to continue its Small Business Program in western New York. This extension of the six-year partnership represents National Grid’s ongoing commitment to deliver clean energy solutions to its commercial customers.
In the past six years, Lime Energy has provided energy-efficient interior and exterior lighting solutions to thousands of small businesses in Buffalo and the surrounding area, including many customers located in low-to-moderate income communities. With the help of Lime Energy, business owners have been able to take advantage of utility incentives to easily upgrade inefficient lighting and refrigeration in their businesses. This program has created 14 green jobs, provided steady employment to dozens of contractors, and helped commercial customers in the Buffalo area better manage their energy usage and bills.
“Lime Energy has provided thousands of small businesses with much needed energy efficiency solutions in western New York,” says Lime Energy President and CEO, Adam Procell. “Lime Energy is proud to deliver much needed energy savings and promote economic growth throughout local communities in New York State. We look forward to continuing our partnership with National Grid to help small business owners improve their bottom line in 2016.”
Lime Energy works with half of the U.S.’s top 25 utility companies, designing and implementing commercial energy efficiency programs. Since 2009, Lime Energy has completed over 100,000 energy efficiency projects for small and mid-sized businesses with an astounding 99 percent customer satisfaction rating. In total, Lime Energy has delivered over 1,000 GWhs of energy reduction for its utility partners and has helped small and mid-sized businesses gain access to over $272 million in incentives and save over $1 billion in energy costs, numbers that will continue to grow through the extension of the National Grid Small Business Program.
About Lime Energy Co.
Lime Energy is building a new energy future. As a leading national provider of energy efficiency for small business customers, Lime designs and implements direct install programs for our utility clients which consistently exceed program savings goals. Our award-winning, integrated services programs provide utilities with reliable energy efficiency resources while delivering the highest levels of customer satisfaction. This next generation approach is helping utilities across the country to go deeper and broader with the cheapest, cleanest and fastest energy resource that we have – energy efficiency.
About National Grid
National Grid (LSE: NG; NYSE: NGG) is an electricity and natural gas delivery company that connects nearly 7 million customers to vital energy sources through its networks in New York, Massachusetts and Rhode Island. It is the largest distributor of natural gas in the Northeast. National Grid also operates the systems that deliver gas and electricity across Great Britain. Through its U.S. Connect21 strategy, National Grid is transforming its electricity and natural gas networks to support the 21st century digital economy with smarter, cleaner, and more resilient energy solutions. Connect21 is vital to our communities’ long-term economic and environmental health and aligns with regulatory initiatives in New York (REV: Reforming the Energy Vision) and Massachusetts (Grid Modernization.)For more information please visit our website: www.nationalgridus.com, or our Connecting website. You can also follow us on Twitter, watch us on You Tube, Friend us on Facebook and find our photos on Instagram.
This press 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,” “intends,” “estimates,” “plan,” “should,” “typical,” “preliminary,” “hope,” 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 the remainder of 2016 and beyond to differ materially from those expressed in, or implied by, these forward-looking statements. These risks and uncertainties are 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 herein by reference.
Lime Energy Media Relations
Corporate Communications Director