Energy Efficiency Firm Raises $2M
Lime Energy, a provider of energy efficiency for small businesses via utilities, announced that Greener Capital Partners Fund II is purchasing shares of Lime’s preferred and common stock for a total purchase price of $2 million. Lime says this investment brings to $6 million the re-capitalization of its business over the last month.
Lime Energy is providing its performance-based, direct install energy efficiency model to some of the largest utilities, including Duke Energy, AEP, National Grid, Northeast utilities and PSE&G.
Greener Capital has informed Lime that it anticipates closing on the transaction during the week of February 7, 2014.
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