HUNTERSVILLE, N.C., Feb. 2, 2012 (GLOBE NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) announced today the award of a contract by NSTAR Electric & Gas for the implementation of their Energy Efficiency Direct Install Program. NSTAR, the largest Massachusetts-based, investor-owned gas and electric utility, has been a leader in providing customer focused energy efficiency programs for the last two decades in Massachusetts, a state which recently overtook California as the #1 energy efficiency state.
Lime Energy will be one of several program providers, with territory exclusivity in Newton, Dedham, Needham and Westwood. The Program will provide comprehensive electric and gas energy efficiency upgrades to small and mid-size businesses as they work to help NSTAR meet their energy efficiency goals. "NSTAR and the Commonwealth of Massachusetts continue to demonstrate leadership in the development of clean energy programs," said Adam Procell, Executive Vice President at Lime Energy. "Lime has become widely recognized as a leader in the delivery of energy efficiency resources to utilities through the direct install model, and the receipt of this contract is a result of our track record of meeting program savings goals." Lime Energy delivered more than 100,000 megawatt hours in similar programs in 2011.
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.
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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.