Lime Energy wins energy efficiency contract for PSE&G

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Huntersville, N.C. — Lime Energy Co. announced today the award of a two-year contract by Public Service Electric & Gas for the implementation of their Energy Efficiency Direct Install Program.

PSE&G is one of the largest combined electric and gas companies in the U.S. and is also New Jersey’s oldest and largest electric and gas utility. The program, serving municipalities and not-for-profits, is budgeted for $25 million over the next two years.

Lime Energy is one of three primary implementation contractors, and will provide comprehensive multi-measure efficiency projects for municipalities, with territory exclusivity in forty-two Northern New Jersey towns.

The projects will be funded in whole by PSE&G, with each municipality re-paying 20 percent of the project cost through on-bill financing. This 80 percent incentive allows municipalities to capitalize on PSE&G’s commitment to satisfy increasing power needs through investments in efficiency in their customers’ facilities.

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The Clarion Energy Content Team is made up of editors from various publications, including POWERGRID International, Power Engineering, Renewable Energy World, Hydro Review, Smart Energy International, and Power Engineering International. Contact the content lead for this publication at Jennifer.Runyon@ClarionEvents.com.

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