Photo Release -- Lime Energy Investing in Clean Energy Through STEM Education in NJ

Published on Wednesday, 08 February 2012 09:11 Written by TradersHuddle Staff

HUNTERSVILLE, N.C., Feb. 8, 2012 (GLOBE NEWSWIRE) -- Lime Energy Co. (Nasdaq:LIME) announced today a $2,500 scholarship to be awarded for the 2012-2013 academic year through the Independent College Fund of New Jersey. This scholarship will be awarded to a student enrolled in a science, technology, engineering or math (STEM) program and is designed to reward a high achiever who is preparing for a career that will impact the development and implementation of clean energy.

Al DiGuilio (center, with ICFNJ's Mary Alice Breuninger and Gerry Bellotti)

A photo accompanying this release is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11601

 "The Lime Energy Scholarship directly supports our commitment to a clean energy future by encouraging the next generation to contribute to the innovation that will address community and global energy problems," said Al DiGuilio, PE, Lime's Public Sector Vice President. "Lime is very actively engaged in energy efficiency and renewable solutions throughout the state and we are dedicated to helping NJ achieve their aggressive energy reduction goals."

The Independent College Fund of New Jersey was founded over 50 years ago and consists of 14 member institutions that the fund supports through strategic investments in programs, scholarships and education. "ICFNJ's member colleges and universities are well poised to educate our future leaders in the development and advancement of clean energy," said Mary Alice Breuninger, Development Officer for ICFNJ. "Lime Energy's scholarship will directly support the goal of New Jersey's independent colleges and universities to play a critical role in educating the next generation of scientists, engineers and mathematicians."

About Lime Energy Co

Lime Energy is building a clean energy future. As one of the nation's leading providers of clean energy solutions, Lime brings over 25 years of delivering economically viable efficiency and renewable energy solutions that benefit communities and protect the environment. Lime's platform includes some of the energy industry's most experienced professionals and an expansive geographic footprint with over 350 employees at 18 locations in North America. Lime Energy's services include integrated energy engineering, consulting and the implementation of solutions that enable customers to reduce their facility's energy consumption, lower their operating and maintenance costs and reduce their carbon footprint. The company's stock is traded on NASDAQ under the symbol LIME.  Additional information is available at www.lime-energy.com or by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it. .

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," "hope," "intends," "estimates," "plan," "should," "typical," "preliminary," 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 to differ materially from those expressed in, or implied by, these forward- looking statements. These risks include those described in Lime Energy's most recent Annual Report on Form 10-K or as may be described from time to time in Lime Energy's subsequent SEC filings; such factors are incorporated here by reference.

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