Lime Energy wins $180 million utility program Other Services

Lime Energy (LIME) announced that it has been awarded a contract worth $180 million of new utility program business.

The recent award speculates modified and new deals with four separate utilities that facilitate, in different cases, for contract extensions, modifications to program budgets, and territory expansions, covering, in one case, the addition of a program budget to provide 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 identification of the probable revenue of these awards would take place over five years and rely on the receipt of certain regulatory approvals and Lime’s skill to sell sufficient program services.

These substantial contract awards expands Lime Energy’s leadership stand in facilitating small business solutions to US utilities. Our competency to cost effectively get energy efficiency at scale to this customer section while driving high customer satisfaction is turning up to be of enormous value to the utility of the future. The market is presenting Lime with great opportunity for delivering energy efficiency resources, for growth and these awards manifests Lime’s extended capability to protect new utility contracts while expanding with present clients, says, Adam Procell, President and CEO of Lime Energy.