Lime Energy, a provider of energy efficiency services, has won a contract to implement direct install component of New Jersey's Clean Energy Program.
The program is said to be a national model for energy efficiency and renewable energy. Under this contract, Lime Energy will operate exclusively in Bergen, Essex and Hudson counties, where the program is available to customers with a monthly electric demand not exceeding 200kW.
The program provides customer incentives of up to 80% of the project cost for upgrades including energy efficient lighting, lighting controls, energy efficient motors, refrigeration, and heating, ventilation and air conditioning equipment.
As the direct install provider in northern New Jersey, Lime will provide program marketing, project development and engineering, material procurement, database administration and turnkey project implementation.
The program, which is managed by TRC Energy Services, the market manager of New Jersey’s Clean Energy commercial and industrial segment, provides owners with a process for energy efficiency analysis and equipment replacement to reduce energy usage and save operating costs.
Based on the overall size of the statewide program, Lime expects to provide more than 8 million kilowatt-hours of energy efficiency resources to several hundred customer facilities during the initial contract period, which concludes at the end of 2010. The potential revenue is estimated to be $3.7m over this period.
Adam Procell, president of consulting and technical services at Lime Energy, said: “This program represents the continued growth of Lime Energy’s utility program business which provides a wide range of services for ratepayer-funded energy efficiency programs. We hope to provide other work of this type for utilities across the country.”