Jan. 20, 2015: Lime Energy Raises $10 Million to Fund Growth
Company to Use Funds for Continued Development of Its Products and Services
HUNTERSVILLE, N.C. — Lime Energy Co., a leading provider of energy efficiency services to utilities and their commercial customers, announced that the company has completed a capital raise of $10 million in gross proceeds before offering expenses in order to fund growth.
“Energy efficiency program services are in high demand as the utility industry reinvents itself to meet the challenges of a new era,” said CEO Adam Procell. “Lime Energy’s groundbreaking solutions are leading the transformation of energy services for businesses and this infusion will help to ensure that we take advantage of the growth opportunities presented by the market.”
Lime Energy said seven of the nation’s leading electric and natural gas utilities are already using its energy services for their commercial customers. Through these utility energy efficiency programs, Lime develops and implements projects that make businesses more energy efficient, upgrading building infrastructure and providing long-term energy cost savings. Lime is able to provide utilities with a complete solution of program management, marketing, engineering, sales, and construction management. According to the company, this fully integrated model results in higher participation rates, more reliable energy use reductions, and greater customer satisfaction.
“As utilities seek to expand their customer relationships beyond the meter, Lime Energy is bringing together rapidly advancing building technology, big energy data, and low cost digital communication,” said Procell. “We have built a strong technical sales team and equipped them with technology-enabled products and services which reflect our vast experience in developing and building energy efficiency projects on the customer’s side of the meter.”
For more information, visit www.lime-energy.com.
Publication date: 1/19/2015