Marking 10 Years in Business Future Looks Brighter Than Ever for Providence Based Energy Source LLC

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NationalGrid Project Expeditor Energy Source LLC Continues National Expansion

Energy Source, a privately held energy conservation firm headquartered in Providence has just hit the one decade milestone, helping businesses nationwide reduce their energy consumption and related costs. At the 10-year mark, the company is poised for continued double-digit growth with a roster of high profile National customers, expansion into new markets, and enjoys the status of being in NationalGrid’s “Project Expeditor” program.

“It’s been very exciting and rewarding to achieve such success in our first 10 years.” Said Energy Source President Michael Lemoi, speaking of the company’s consistent double digit year-over-year growth. “But with so many opportunities for continued growth, we are more energized than ever about the future of this company and this business.” Lemoi said.

Energy Source got its start with a focus on energy efficient lighting retrofits and has evolved into a full service provider of turn-key energy efficiency programs for businesses. Their comprehensive solutions have saved hundreds of companies millions of dollars in energy costs over the years.

Their customers comprise a diverse list of some of the best-known businesses in the Nation including CVS CareMark, EMC, Bank of America, CB Richard Ellis and Citizens Bank.

Energy Source Vice President, Ron Sliney, attributes the company’s success to the broad appeal of their specialized services, the ease with which they are implemented and the demonstrable ROI.

“Any business interested in reducing energy costs and maximizing profits is a potential customer for Energy Source. Once we deliver the promised ROI on the first project, we find most customers are eager to explore more savings opportunities with us.” Sliney Said.

For example, Citizens Bank, one of Energy Source’s long-term customers, has invested over one million dollars in services from Energy Source this year alone.

The company specializes in streamlining the Utility Incentive Qualification process on behalf of the businesses it works with as well as delivering savings directly to their customer’s bottom line.
In 2003 Energy Source won a competitive bidding process with National Grid to become an Authorized Project Expeditor. This designation makes it much easier for the company to secure incentive dollars from National Grid, which makes the economics of most projects very attractive to customers. For the past four years running, Energy Source has achieved the highest level of kWh savings out of the entire Project Expeditor group.

In early 2013 year Energy Source recruited Gabriel Andreson, a seasoned Energy Conservation Consultant, to help oversee growth, expand verticals and develop new markets in the New England Region and beyond.

Energy Source President Lemoi’s projections promise even greater success as the company continues to grow its business on a National Level. “There are vast untapped markets from coast to coast. We are continuing to forge crucial new relationships with the largest utilities across the country.” Lemoi Said.

As Energy Source enters it’s second 10 years, the leadership describes their strategy as one of “replication and innovation”. Taking what has been proven to work in this market, expanding on it, improving on it, and delivering it to the rest of the country.

As Lemoi sees it, “The future looks brighter than ever for Energy Source.”

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