LIME is a Chicago area based company that specializes in helping companies cut down on energy costs.....They are growing and expect to reach 100 million in sales for 09...NEW MANAGEMENT WITH DEEP POCKETS TOOK OVER THE COMPANY 2 YEARS AGO AND HAS TRANSFORMED THE COMPANY INTO A REALLY EXCITING ENTITY...
Lime Energy Named as one of 50 Fastest Growing Chicago Area Companies
1,135% Revenue Growth Over Five Years Earns 13th Spot on Crain’s Fast Fifty
ELK GROVE VILLAGE, Illinois, June 11, 2009 - Lime Energy (NASDAQ: LIME) has been named one of the fastest growing companies in the Chicago area according to Crain’s Chicago Business. Lime’s core business is designing and implementing energy efficiency solutions to help business and government facilities save money and go green. “At the end of the day, we sell return on investment,” said CEO David Asplund. “Our offices nationwide study the energy use of existing buildings, design a strategy to reduce energy costs, and implement the best solutions. Our work with clients saves overhead costs, reduces energy waste, and significantly improves building operations with new equipment.”
Lime Energy has grown its revenue by 1,135% over the past five years to $57.2 million in 2008. Revenues come from contracts with some of the nation’s leading private companies and from the largest Energy Service Companies (ESCOs) that contract with Applied Energy Management (AEM), a subsidiary of Lime Energy. “Our growth has been fueled by the need for private industry to reduce overhead costs, and from several specific provisions in the Federal Budget and the ARRA (Stimulus Bill) to reduce energy use in the public and private sectors,” continued Asplund. “As the need to reduce greenhouse gas emissions continues to grow, we see more and more opportunities for our services. The fact that we enjoy significant revenue through repeat business with existing customers tells us that we are on the right track with our skill and offering.”
About Lime Energy Co.
Lime Energy is a leading provider of energy efficiency and renewable energy design/build solutions. The Company performs energy efficiency engineering and consulting as well as the development and implementation of energy efficient lighting, HVAC, water, weatherization, and renewable energy solutions. Lime Energy’s clients include commercial and industrial businesses, building owners, property management companies as well as federal, state and local government agencies through energy service company (ESCO) partners. The company's stock is traded on NASDAQ under the symbol LIME. Additional information is available at the company's website at www.lime-energy.com or by calling 847-437-1666.
[ Our Mission ] Management Board of Directors Our Culture Our Commitment Our History Careers
“We are committed to providing you an environmentally sound project that will dramatically reduce your fixed operating expenses, improve your facilities appearance, safety and functionality, and produce a remarkable return on investment with virtually zero risk.”
Lime Energy President & COO
The bottom line is our priority and Lime enables clients to spend dramatically LESS on energy. Many companies consider the money they're spending on energy to be a fixed cost. It's simply not true. Lime allows you to take control and manage that expense.
No matter which energy efficiency solutions you are implementing, you're sure to see a reduction on your annual energy spend. And whether it's a small or large percentage of savings, you will have peace of mind knowing your energy usage and expenditures are optimized to be as low as possible.Lime helps you spend LESS on your energy bills, which means you're gaining MORE towards your bottom line. It's that simple. With a project ROI ranging from 40% to 100%, how could you possibly go wrong?
We will also help you obtain any available federal, state or utility incentives and funding. These can help lower your project costs and raise your ROI even further.
Our Commitment to The Environment
There's nothing greener than energy not used. Reducing energy usage helps purify the air and protect our environment. Becoming a better environmental steward through the reduction of unnecessary greenhouse gas emissions is easier than you may think. Lime's energy efficiency solutions are easy to implement and instantly begin creating less environmental waste.More conservation and preservation leaves a better cared for natural environment for generations to come. Our vision includes not just our own future, but also the dreams of our children and grandchildren. Green companies make the world a better place to live, work, and play. Lime Energy is an Energy Star Partner.
Our Commitment to Comfort
Implementing smart energy efficiency solutions throughout your business provides endless benefits. Saving money and preserving the environment may be good enough reasons to get on board with Lime, but we offer a third reason.Standardizing and controlling space conditions throughout your business' facilities equates to greater customer, as well as employee, comfort. Well managed space temperatures and lighting designs are key to productivity.Smoother management processes, a 24/7 monitoring team for your energy consuming equipment, preventive and proactive diagnosis of problems and less downtime for vital equipment all come together to offer an invaluable benefit for your business. More comfort and productivity all around.
Earnings per Share Revenue