This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Lime Energy Awarded Small Business Direct Install Contract For National Grid

Lime Energy Co. (NASDAQ: LIME) announced today the award of a two year contract valued at approximately $22 million by National Grid for the implementation of their Small Business Direct Install Program for the Western New York Region. The program serves small commercial customers with annual demand of less than 100 kW and helps to offset the cost of implementing energy efficiency upgrades. The program will provide an estimated $15 million in incentives to National Grid customers, and has the potential to save participating small businesses over 77,000 megawatt-hours of annual energy usage – significantly lowering the cost of doing business in New York.

National Grid serves approximately 600,000 residential, commercial and industrial counties in large portions of the ten Western New York counties. Launched in 2009 in response to the State’s Energy Efficiency Portfolio Standard (EEPS), aimed at reducing by 15% of energy usage statewide by 2015, National Grid’s Small Business Program has been a major contributor to the EEPS initiative thanks to the success that Lime and National Grid have shared. The program is one of the most ambitious SBDI programs ever undertaken.

Lime Energy, the leading provider of energy efficiency to small businesses, has been the exclusive provider of comprehensive energy efficiency upgrades for this program in Western New York since 2009. In that time, we have helped more than 6,000 National Grid customers lower their energy costs while upgrading their facilities, delivering over $33 million in incentives to cover project costs. We have consistently exceeded the program savings goals and delivered over 150,000 megawatt hours of energy efficiency resources, which is equivalent to powering almost 16,000 homes for one year. The program has created training opportunities and green jobs which continue to employ many workers displaced from other failing sectors of the economy.

“Lime Energy is excited to continue our commitment to assist small businesses in Western New York while playing a significant role in the State’s Energy Efficiency Portfolio Standard,” said John O’Rourke, President & CEO of Lime Energy. “National Grid has been a terrific partner and leader in energy efficiency. This award demonstrates our clients’ continued confidence in Lime Energy’s ability to deliver reliable and cost effective energy efficiency for small businesses.”

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs