HUNTERSVILLE, N.C., Nov. 17, 2011 (GLOBE NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) recently received three distinct Market Partner of the Year Awards through Con Edison's C&I Energy Efficiency Program. Recipients were chosen from among the approved C&I Program Market Partner roster of approximately 600 companies and were honored on October 26, 2011 at Manhattan's elite Club 101.
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Lime Energy received awards for the Most Number of Acquired Electric Projects, Most Applications Submitted in One Month and Top Producer over 1.5 million kWh. "Lime Energy was a force when it came to the Most Number of Acquired Electric Projects," said David Pospisil, Program Director, Con Edison Commercial and Industrial C&I Energy Efficiency Program. "They've completed 112 lighting projects, saving over 3.5 million kilowatt hours with incentives totaling more than $360,000."
Lime Energy is the leading provider of energy efficiency to small businesses in New York State. In the last two years alone Lime has provided energy efficient equipment retrofits to more than 7,000 small businesses across New York in response to the State's Energy Efficiency Resource Standard, which requires a 15% reduction in energy usage statewide by 2015. These projects have delivered more than 150 million kilowatt-hours toward this goal, while saving small businesses more than $16 million annually in energy costs and creating more than 300 green jobs. "These particular awards specifically demonstrate Lime's unique capability to provide energy efficiency to small businesses which have traditionally been defined as hard-to-reach," said Alex Castro, Lime Energy's Vice President of Utility Business Development. "Lime Energy is developing, selling and implementing more than 500 projects per month with New York State small businesses."
"Lime Energy is committed to playing a leading role in New York State's laudable goal to reduce energy usage, and every day our employees – working together with our utility partners - are making real progress toward this goal," said Adam Procell, Group President for Energy Consulting and Technical Services at Lime Energy. "Our passion for energy efficiency, decades of experience selling to small businesses and industry-leading technology and database tools enable us to deliver utilities the most cost-effective energy efficiency resources."
About Lime Energy Co.
As one of the nation's leading providers of clean energy solutions, Lime brings over 20 years of delivering economically viable efficiency and renewable energy solutions that benefit communities and protect the environment. Lime's platform includes the energy industry's most experienced professionals and an expansive geographic footprint with over 400 employees at 20 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.
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About Con Edison
Con Edison is a subsidiary of Consolidated Edison, Inc. (NYSE:ED), one of the nation's largest investor-owned energy companies, with approximately $13 billion in annual revenues and $37 billion in assets. The utility provides electric, gas and steam service to more than three million customers in New York City and Westchester County, New York. For additional financial, operations and customer service information, visit Con Edison's Web site at www.conEd.com.
Con Edison has an energy efficiency program available for almost everyone. For more information, visit www.conEd.com/greenteam or call Con Edison's "Green Team" at 1-877-870-6118.
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 in 2011 and beyond 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.
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