Lime Energy Co. (NASDAQ: LIME) announced today the completion of their one thousandth project since beginning a contract to implement the Direct Install Program as part of New Jersey’s Clean Energy Program. Over the three year contract term, Lime Energy has implemented energy efficiency solutions for 591 businesses and schools throughout Bergen, Essex, Passaic, Hudson and Union Counties – working together with TRC, the statewide Commercial & Industrial Market Manager. An additional 409 projects were able to leverage federal ARRA funds to cover all project costs at a wide variety of municipal facilities. Together, these projects have resulted in savings of over 29.5 million kilowatt hours and 348,000 therms of natural gas for New Jersey businesses and municipalities.
“Lime Energy has been proud to partner with New Jersey’s Clean Energy Program,” said John O’Rourke, President and CEO at Lime Energy. “As the energy efficiency contractor for Northern New Jersey, Lime Energy has spent the last three years establishing deep relationships with the businesses in our communities, and working together with TRC we have brought energy and gas savings of $4.8 million dollars to these businesses and to the municipalities they are located in.”
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.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.