Recognized for Small Business Direct Install Model.
June 19, 2013: Huntersville, NC: Lime Energy Co. (NASDAQ: LIME) announced that they will be accepting the Super Nova Star of Energy Efficiency Award from the Alliance to Save Energy on October 2nd in Washington, DC. Lime Energy received this award on behalf of their innovative Small Business Direct Install (SBDI) model, which provided 81,332 MWh of savings in New York State in 2012. Lime delivered 115% of the combined goal for the small business programs of National Grid, Long Island Power Authority and Central Hudson Gas and Electric. This achievement accounted for nearly 40% of all SBDI savings statewide, as utilities increasingly look to bring energy efficiency programs to their small business customers
The Alliance to Save Energy, a nonprofit organization that promotes energy efficiency through research, education and advocacy, has been recognizing energy efficiency leaders for over two decades through its Star of Energy Efficiency Awards. Alliance President Kateri Callahan commented that “the 2013 Star of Energy Efficiency Award recipients are some of the strongest in the program’s 21 year history.” In congratulating the slate of winners, Callahan noted that “the Alliance applauds Lime Energy for bringing the benefits of energy efficiency to the often overlooked, but critically important, small business sector.”
“Lime’s success in New York has paved the way for program adoption around the country, and Lime is currently implementing nine small business direct install programs in six states,” said John O’Rourke, President and CEO of Lime Energy. “Lime Energy’s SBDI model is delivering the multiple benefits for which it was designed – small business operating cost reduction, utility energy efficiency goal achievement, economic development and clean air. We’re doing this at unprecedented scale, and with nearly 10,000 projects per year, Lime Energy is advancing these goals by helping another small business every ten minutes.”
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.
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,” “potential,” “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 our ability to continue to grow and expand our utilities business and 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.