updated 1/18/2011 9:17:17 AM ET 2011-01-18T14:17:17

ELK GROVE VILLAGE, Ill., Jan. 18, 2011 (GLOBE NEWSWIRE) -- Lime Energy (Nasdaq:LIME) announced today that it was recently awarded a contract for $1.5 million by a Fortune 500 company to design and install charging stations for its fleet of electric delivery vehicles at select distribution centers throughout the country.   Lime has added electric vehicle charging solutions into the suite of efficiency services it offers customers in order to help them reduce their total energy consumption and greenhouse gas emissions.

"The emergence of battery powered electric vehicles is creating new unique challenges for our corporate customers and thus an opportunity for Lime Energy," stated David Krueger, President of the Commercial & Industrial division of Lime Energy. "As a leading energy efficiency company, we are very well positioned to help corporations switch portions of their delivery fleets to electric vehicles through the design and construction of electric charging stations. Our solutions incorporate monitoring and control capabilities which fit perfectly with the future smart grid and utility demand side management programs." 

"At present, we have installed custom-designed solutions in New York and Ohio, and are currently designing charging stations for locations in California, Massachusetts and Connecticut," stated Robert Meier, P.E., Vice-President of Strategic Accounts for Lime Energy in New York City. "Commercial charging stations have a unique set of design challenges. Specific design issues include existing electric service capacity, local and national electric codes, utility demand charges, and safety considerations."  

"More and more companies are realizing the benefits of utilizing electric vehicles. In addition to state and federal grants, other benefits include reduced annual maintenance costs, the ability to switch to a favorable utility rate by charging vehicles during off-peak hours and integrating controls via GPS in order to determine optimal delivery routes given the remaining charge. Combining all these opportunities results in an attractive return on investment for companies that want to be more energy efficient and reduce their operating costs.  Customer can achieve savings of 30%-40% per mile driven by switching to electric delivery vehicles. We believe this will be a fast growing area where Lime Energy has a unique capability to design and install these charging stations," concluded Mr. Meier.

About Lime Energy

Lime Energy is a leading provider of energy efficiency solutions. Our services include integrated energy engineering, consulting and implementation of solutions which enable our customers to reduce their facilities' energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. We focus on solutions which include lighting, mechanical and electrical upgrade services, water conservation, weatherization and renewable project development and implementation. We provide these solutions to the commercial and industrial markets, utilities, energy service companies (ESCOs) and the government sector across a wide range of facilities including high-rise office buildings, manufacturing plants, retail sites, mixed use complexes and large government sites. 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.

The Lime Energy logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5171

FORWARD-LOOKING STATEMENTS

This news release includes forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 including statements that reflect Lime Energy's current expectations about its future results, performance, prospects and opportunities. Lime Energy has tried to identify these forward-looking statements by using words and phrases such as "may," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "hope," or similar expressions. These forward-looking statements are based on information currently available to Lime Energy and are subject to a number of risks, uncertainties and other factors that could cause Lime Energy's actual results, performance, prospects or opportunities in the future to differ materially from those expressed in, or implied by, these forward- looking statements. These risks are referenced in Lime Energy's current Annual Report on Form 10-K and Quarterly Report on Form 10-Q or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated herein by reference.

CONTACT: Investor Relations
         Glen Akselrod
         Bristol Capital Ltd.
         (905) 326-1888
         glen@bristolir.com

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