ELK GROVE VILLAGE, Ill., Sept. 8, 2010 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced that it has received the B. E. S. T. in Baking (Becoming Environmentally Sustainable Together) award by the grain-based food industry. Lime Energy was selected because of its significant work with Sara Lee (Downers Grove, IL), to save energy and reduce operating costs in 17 bakeries across the US. The scope of work includes new energy efficient lighting in baking operations, warehouse, office, and exterior portions of the plants. Overall, these solutions are projected to reduce peak demand by 990 kilowatts, enough to power 800 homes. This work by Lime Energy reduces energy use by 8.1 million kilowatt hours per year which is the equivalent of removing 933 passenger cars permanently from the road. In addition to saving energy and money, these projects provide the following environmental benefits each year:
- Avoids the emission of 10 million pounds of carbon dioxide (CO2), which is believed to be the leading cause of global warming
- Avoids the emission of 42,000 pounds of sulfur dioxide (SO2), which is believed to be the leading cause of acid rain
- Avoids the emission of 26,000 pounds of oxides of nitrogen (NOx), which is believed to be the leading cause of smog and acid precipitation
"We are delighted to receive this award in recognition for the work we have done for Sara Lee and happy to deliver these savings to our customer," said Dan Parke, President of Lime Energy. "The baking industry has raised the bar by establishing this award, and by making a statement that it supports solutions that promote sustainability. Lime Energy is committed to working with our customers to design and install solutions that save energy and reduce operating costs."
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities' energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
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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 in 2010 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.