U.S. DOE awards $80B in energy efficiency, renewable energy, and water conservation contracts

The Department of Energy (DOE) announced on Dec. 18, 2008, the award of new Indefinite Delivery Indefinite Quantity (IDIQ) Energy Savings Performance Contracts (ESPCs) to sixteen Energy Service Companies (ESCOs). These contracts could result in up to $80 billion in energy efficiency, renewable energy, and water conservation projects at federally-owned buildings and facilities...

ELK GROVE VILLAGE, IL, Dec 22, 2008 -- The Department of Energy (DOE) announced on Dec. 18, 2008, the award of new Indefinite Delivery Indefinite Quantity (IDIQ) Energy Savings Performance Contracts (ESPCs) to sixteen Energy Service Companies (ESCOs). These contracts could result in up to $80 billion in energy efficiency, renewable energy, and water conservation projects at federally-owned buildings and facilities. ESPCs help to meet the federal government's energy efficiency, water conservation, and renewable energy goals. Lime Energy's subsidiary, Applied Energy Management (AEM) has a long history of servicing ESCOs under previous IDIQ programs and anticipates continuing to do so under these new expanded efficiency contracts. The federal government is the largest single user of energy in the United States and these awards demonstrate a commitment to sound government stewardship by recognizing efforts to save energy, reduce federal energy costs, cut greenhouse gas emissions, bring more cutting-edge technologies to use, strengthen national security, and create a stronger economy.

"We applaud the federal government's commitment to conservation in an effort to reduce energy consumption, promote conservation and reduce greenhouse gas emissions," stated John O' Rourke, President and CEO of Applied Energy Management (AEM), a subsidiary of Lime Energy. "AEM has been serving ESCOs under previous IDIQ contracts for over 12 years. We are excited by the significant expansion of the program's size and scope, which we believe will enable us to continue to support our existing ESCO clients in the development and implementation of energy efficiency projects for the federal government. We also plan to develop or expand our relationships with the ESCOs recently added to the ESPC program. We especially look forward to incorporating our renewable energy construction experience in geothermal, solar and biomass in projects under the new program."

David Asplund, CEO of Lime Energy, commented, "AEM has provided a comprehensive set of energy engineering and design build implementation services in the areas of conservation that include lighting, HVAC, water conservation and building envelope services to a number of the ESCOs awarded contracts under the new program. With offices in sixteen locations across the United States and a successful history of supporting the IDIQ contractor base, we believe we are well positioned for sustained growth in this market over the coming years."

Lime Energy is a leading provider of energy efficiency solutions that enable our clients to reduce their energy-related expenditures and the impact of their energy use on the environment.

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