HUNTERSVILLE, N.C.--(BUSINESS WIRE)--Lime Energy Co. (NASDAQ: LIME) announced today they have met both their original and revised annual savings goals set by National Grid, for their small business Direct Install Program. Lime Energy is the exclusive provider for the Western New York and Frontier regions of National Grid’s upstate New York State service territory, and this is the third consecutive year that Lime has exceeded their goal and been the leading provider in the program. Lime delivered $11 million in National Grid incentive monies to customers in 2012.
“Lime Energy is proud to bring energy efficiency savings to National Grid’s business customers while contributing toward New York State’s ‘15 percent energy reduction goal by 2015,’”
National Grid provides rebates of up to 70 percent of the project cost for small business customers to upgrade to more energy efficient equipment. National Grid also offers interest-free, on-bill financing for the remaining customer share of the cost. To date, Lime Energy and National Grid have saved more than 7,000 small business owners over $15 million annually on their electric bills.
“Lime Energy is proud to bring energy efficiency savings to National Grid’s business customers while contributing toward New York State’s ‘15 percent energy reduction goal by 2015,’” said John O’Rourke, President and CEO of Lime Energy. “Our partnership with National Grid and their Small Business Direct Install Program has stimulated the local economy, created green jobs, and put money back into the pockets of those in the community who need it most.”
About Lime Energy Co
Lime Energy is a national leader in designing and implementing energy efficiency programs for utilities, government agencies and private enterprises. Our innovative solutions enable our clients to meet their energy savings and carbon reduction goals across a portfolio of facilities, driving increased profitability and competitiveness. We bring proven results and over 25 years of experience that enable us to scale energy efficiency programs to meet increasing clean energy regulations.
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.