September 17, 2009 (FinancialWire) — Lime Energy (NASDAQ: LIME) has been awarded a competitive bid contract to provide program management and implementation services for National Grid, one of the world’s largest investor owned utilities.

Lime will be the exclusive provider for the Small Business Energy Efficiency Program for National Grid’s market area in Western New York, where the program is available to customers with an average monthly demand of 100 kW or less. The program provides customer incentives of up to 70% of project costs for upgrades including energy efficient lighting, lighting controls and refrigeration measures — with the ability to finance the customer share of the cost on-bill for up to 24 months, interest free. As the Regional Program Administrator, Lime will provide program marketing, project development and engineering, material procurement, database administration and turnkey project implementation.

The Program is being implemented in response to New York State’s Energy Efficiency Resource Standard which aims to reduce energy usage statewide by 15% by 2015. For the initial contract period which runs through the end of 2011, based on the overall size of the Program throughout National Grid’s market area in New York State, Lime estimates that it has the opportunity to provide National Grid with more than 79 million kilowatt-hours of energy efficiency resources. Lime expects that a program of this size would involve as many as 6,000 customer facilities and result in as much as 20 Megawatts of permanent load reduction.

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