Lime Energy and Rexel Energy Solutions build ‘Clean Energy’ supply chain to deliver energy solutions at scale for small and mid-sized businesses across the nation.
November 18, 2014: Huntersville, NC: Lime Energy Co. (NASDAQ: LIME) announced today that the company has developed a robust integrated supply chain model that supports the delivery of comprehensive energy solutions for small and mid-sized businesses. This value-added model currently delivers cost-effective energy efficiency resources to utility clients through eight turnkey direct installation programs located in the Northeast, Southeast and Midwest. Lime Energy focuses on program implementation, customer engagement and sales excellence. Lime Energy’s key strategic partner, Rexel Energy Solutions (RES), a division of Rexel Holdings USA, provides the supply chain and logistics solutions for all of Lime Energy’s major programs. Together, RES and Lime Energy have delivered over 450,000 MWh in energy savings to businesses through lighting and emerging technologies.
Brian Lizotte, Vice President at Rexel Energy Solutions said, “Lime Energy is a valued strategic partner that fits perfectly into our target market. We will continue to support their growth as they expand into new markets around the country as Rexel Energy Solutions is committed to this small and medium business energy space.”
Clean energy job creation is a major priority for both companies. Lime Energy’s programs have created hundreds of jobs helping to re-energize local economies, and their training programs equip individuals with the tools to succeed in the clean energy industry. As an example, since the onset of Lime Energy’s programs in North and South Carolina last year, Lime Energy and RES have added more than 40 employees in the region by opening several new offices, warehouses and distribution centers.
“Lime Energy looks forward to continued growth and enhanced partnerships which enable us to deliver cost-effective, sustainable products and services for our utility clients and their commercial customers. Partnerships like the one that we enjoy with RES are critical as we move toward an increasingly efficient, clean, reliable and customer-oriented electric utility model.” said Adam Procell, Lime Energy’s President and Chief Executive Officer.
About Rexel Energy Solutions, Rexel Holdings USA and the Rexel Group
Rexel Energy Solutions is a leading provider of energy efficient material and a part of Rexel Holdings USA based in Dallas, TX, the U.S. subsidiary of the Rexel Group. Rexel, a global leader in the professional distribution of products and services for the energy world, addresses three main markets – industrial, commercial and residential. The Group supports customers around the globe, wherever they are, to create value and run their businesses better. With a network of some 2,300 branches in 38 countries, and approximately 30,000 employees, Rexel recorded sales of â‚¬13 billion in 2013. Rexel is listed on the Eurolist market of Euronext Paris (compartment A, ticker RXL, ISIN code FR0010451203). It is included in the following indices: SBF 120, CAC Mid 100, CAC AllTrade, CAC AllShares, FTSE EuroMid, and STOXX600. Rexel is also part of several SRI indices including the DJSI Europe and the FTSE4Good Europe & Global. For more information, visit Rexel’s web site at www.rexel.com
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 Energy designs and implements direct install programs for utility clients which consistently exceed program savings goals. Lime Energy’s 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.
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.