Lime Energy Completes one of the Largest Scale Municipal Efficiency Projects in the Country

1341266175Comprehensive energy retrofits will save Allegheny County over $300,000 in annual energy costs

Lime Energy Co. (NASDAQ: LIME) announced today the completion of the Allegheny County Energy Program for Municipalities (ACEPM).  Lime Energy conducted general grade audits of 104 (81%) of the 129 municipal facilities in Allegheny County. Following a review of the audit findings, projected municipal contributions and estimated rebates to be received from their respective energy service providers (ESP), 75 (58%) of the 129 municipalities passed resolutions to participate by electing to have their facilities’ retrofitted with energy conservation measures. Lime Energy was then selected to implement the largest scale energy efficiency retrofit initiative Allegheny County has ever undertaken. The retrofit effort encompassed the installation of multiple energy conservation measures:  lighting retrofits, automatic control installations, domestic water upgrades, hot water tank retrofits and building envelope (weatherization) enhancements.  As a result of the improvements in 75 municipality-owned facilities, where Lime Energy installed over 16,000 individual energy conservation measures, the County will save about 2.3 million kilowatt hours of electricity and 30,000 gallons of water annually, reducing its utility bills by over $300,000 per year.

Under the Allegheny County Energy Program for Municipalities (ACEPM) retrofit contract awarded in 2010, Lime has successfully implemented energy saving upgrades in 75 (58%) of the 129 municipalities throughout Allegheny County.  The project was funded in part by a $2 million Energy Efficiency and Conservation Block Grant (EECBG), managed by the U.S. Department of Energy (US DOE), and a $400,000 grant from the R.K. Mellon Foundation. The County allocated these funds to make energy efficiency upgrades in municipality-owned buildings.  In addition to the grants, the local energy service providers, Duquesne Light and West Penn Power, offered rebate incentives for the lighting phase to further offset retrofit project costs and reduce the local share from a given municipality.  In determining how to distribute the EECBG stimulus dollars, the county categorized municipalities based on the percentage of low to moderate income residents within a particular community.  Those boroughs, townships and cities with the highest percentage of low/moderate income families were eligible for 100% funding of the retrofits. Other municipalities received grants that covered either 75% or 50% of the project costs. In the vast majority of the cases the municipality’s contribution was further reduced by the ESP rebates coupled with judicious and timely project management decisions that further lowered the cost paid by a particular municipality. “This is one of the largest scale municipal efficiency projects completed in the Country to date,” said Jim Smith, Executive Vice President of Operations at Lime Energy.   “Allegheny County sets an ideal example for municipalities throughout the Country struggling to reduce operating costs while at the same time funding building improvements and creating local jobs.”

Dr. Fred Ralston, the ACEPM Program Manager within the Allegheny County Department of Economic Development (ACED), attributes the project’s success to both the vision of the county leaders and the expertise of Lime Energy.  “From the onset, our county executives wanted to create a program that maximized the EECBG stimulus dollars and utility rebates while benefitting all taxpayers not only through on-bill savings but through an increase in available program funding as a result of the savings,” he said.  “In choosing Lime Energy as our partner, we were able to rely on their skill and experience to help us navigate the complexities of the program and deliver a finished product that exceeded our expectations. This project is irrefutable evidence of the viability of the stimulus effort by providing quantifiable proof of savings over a vast area.” Following regular program audits, the U.S. Department of Energy complimented the ACEPM effort with two (2) best practice mentions.

 

Click here to see a larger image of the photo above of the Baldwin garage with outdated, 400w HID fixtures BEFORE and with updated, T5, 214W energy efficient lighting AFTER.

 

About Lime Energy Co
Lime Energy is building a clean energy future.  As one of the nation’s leading providers of clean energy solutions, Lime brings over 25 years of delivering economically viable efficiency and renewable energy solutions that benefit communities and protect the environment.  Lime’s platform includes some of the energy industry’s most experienced professionals and an expansive geographic footprint with over 350 employees at 18 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 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.

 

Contacts:

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

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