Lime Energy Announces Utility Program Wins
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Lime Energy announced it has been awarded approximately $180 million of new utility program business.
The awards reflect modified and new agreements with four separate utilities that provide, in different cases, for contract extensions, modifications to program budgets, and territory expansions, including, in one case, the addition of a program budget to facilitate LED measure adoption.
All awards are for Lime’s award winning small business energy efficiency programs. All are under signed contracts with the respective utilities.
The recognition of the potential revenue of these awards would occur over five years and depend on the receipt of certain regulatory approvals and Lime’s ability to sell sufficient program services.
"These significant contract awards extend Lime Energy’s leadership position in providing small business solutions to US utilities. Our ability to cost effectively bring energy efficiency at scale to this customer segment while driving high customer satisfaction is proving to be of tremendous value to the utility of the future,” said Adam Procell, President and CEO of Lime Energy.
"The market for delivering energy efficiency resources is presenting Lime with great opportunity for growth and these awards are evidence of Lime’s continued ability to secure new utility contracts while expanding with existing clients,” Procell added.