Lime Energy Completes 125,000 Energy Efficiency Projects

Helping businesses improve their bottom line, creating jobs, meeting
utility client goals.

NEWARK, N.J.–(BUSINESS WIRE)–Lime Energy Co., a leading provider of energy efficiency products and
services to utilities and their commercial customers, announced today
that it has completed more than 125,000 commercial building energy
efficiency projects. These facility upgrades have reduced business
owners’ annual energy costs by more than $170 million. Through the
development and implementation of these projects, Lime Energy has
pioneered many industry-leading innovations. The company remains
committed to creating new opportunities to drive the industry forward
and better serve our utility clients and commercial customers.

From its inception, Lime Energy has been dedicated to improving its
approach to providing energy efficiency services. Lime Energy’s culture
of innovation has resulted in state-of-the-art supply chain solutions
for utility energy efficiency programs, premier customer engagement and
sales strategies, the introduction of cutting-edge smart building
products, and a pay-for-performance model that allows its utility
clients to procure guaranteed energy efficiency resources through a
performance contract. These improvements have dramatically reduced
utility clients’ Cost of Saved Energy (the cost to procure a
kilowatt-hour of energy saved), which has fallen as much as 50 percent
for some utilities.

The innovations across Lime Energy’s 125,000 energy efficiency projects
have also delivered tremendous economic benefits to the businesses and
communities it serves. The reinvestment of energy cost savings from
these projects will allow the creation of almost 12,000 jobs over the
next ten years. Businesses on average saved $1,800 per year, which
contributed to improved cash flow positions and reinvestment in local
economies. Furthermore, business owners have expressed high satisfaction
with the energy and economic savings they have received. In 2016, Lime
Energy received a 96 percent customer satisfaction rating, which is a
testament to the company’s customer-centric approach.

As it looks forward to the next 125,000 energy efficiency projects, Lime
Energy remains committed to introducing further enhancements to our
services for utilities and commercial customers. Current work includes
innovations in project financing, integrated building controls,
real-time energy savings measurement & verification, and
pay-through-savings options for customers. With these developments, Lime
Energy will continue to drive down the Cost of Saved Energy for
utilities while increasing commercial customer participation and
satisfaction.

“The sheer volume of commercial energy efficiency projects that Lime
Energy has developed and implemented gives us tremendous insight into
this market segment, a segment that remains largely underserved
nationally,” said Adam Procell, Lime Energy’s President and CEO. “We
will continue our commitment to delivering cost effective energy
efficiency resources to our utility clients, while serving all
businesses including the hard-to-reach, small businesses with the most
state-of-the-art energy efficiency services at the most affordable cost.”

To learn more about Lime Energy, please visit: www.lime-energy.com

About Lime Energy

Lime Energy is building a new energy future. As a leading national
provider of energy efficiency products and services to utilities and
their commercial customers, Lime Energy designs and implements direct
install programs which consistently exceed program savings goals. Our
award-winning, integrated services programs provide utilities with
reliable energy efficiency resources while delivering the highest levels
of customer satisfaction. This next generation approach is helping
utilities across the country to go deeper and broader with the cheapest,
cleanest and fastest energy resource that we have – energy efficiency.

Contacts

Lime Energy Media Relations
Christopher Maresca, 201-416-2575
mediarelations@lime-energy.com