Lime Energy Publishes White Paper on President Obama's $4B Energy Efficiency Initiative

Better Buildings Challenge has Potential to Cut Costs, Boost Profits and Create New Jobs

Huntersville, NC: Lime Energy Co. (NASDAQ: LIME) today released a White Paper that takes an in-depth look at the President Obama’s $4 Billion public and private building energy retrofit initiative.  Comprised of two separate components, the Clinton-Obama program allocates $2 billion in energy retrofits for Federal Buildings and $2 billion in funding and energy retrofit components for Corporations, Universities and Hospitals.

Lime’s White Paper examines the aggressive goals set by the initiative and addresses several aspects that are integral to implementing successful clean energy measures.  These include financing options, the role of Energy Service Companies (ESCOs) and policy prescriptions that can address common barriers. The White Paper goes on to examine why companies would consider making voluntary energy efficiency commitments and concludes that cutting unnecessary energy expenses not only boosts corporate profits but also leads to higher valuations as a result of better financial performance.

In response to Clinton-Obama initiative, Richard Trunka, President of the American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) stated, “the Better Buildings Initiative has all the components to make a real difference – it will create profitable investment opportunities for worker pension funds, create badly needed good jobs, increase America’s competitiveness around energy savings, and address the dangers of climate change.”

The White Paper can be downloaded at the following link:  https://www.lime-energy.com/insights

 

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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