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PowerSecure Acquires Lime Energy’s ESCO Business

WAKE FOREST, N.C.--(BUSINESS WIRE)--PowerSecure International, Inc. (Nasdaq: POWR) today announced that PowerSecure has acquired Lime Energy’s (Nasdaq: LIME) energy services company (ESCO) support business, which serves major ESCOs in delivering energy efficiency upgrades for large facilities, for $1.9 million in cash. PowerSecure also will assume $3.7 million of net liabilities related to projects in progress.