Orion Energy Systems Expands EV Charger Installations Across Massachusetts

Orion Energy Systems Makes Strides in EV Charger Installations

Orion Energy Systems, Inc. (NASDAQ: OESX), a leader in energy-efficient solutions, is embarking on an exciting journey to expand the electric vehicle (EV) charging infrastructure with its latest project in Massachusetts. Recently, the company announced its installation of four High Power DC EV chargers at two notable service plazas, Barnstable and Plymouth, as part of a significant $2 million contract with the Massachusetts Department of Transportation (MassDOT).

This initiative is not just about putting chargers on the ground; it's part of a larger, five-year plan led by MassDOT to deploy EV charging stations throughout the state. Emphasis is placed on ensuring that travel plazas along major routes like the Massachusetts Turnpike are equipped with the necessary infrastructure to support the growing adoption of electric vehicles. Importantly, MassDOT's strategy also includes enhancing charging station availability in urban regions, widening the scope of EV accessibility for all.

Supporting Massachusetts’ Commitment to Green Transportation

The role of Orion's Voltrek division in this deployment cannot be overstated. It's not only focused on the recent MassDOT project but is also playing a pivotal role in establishing EV charging solutions in the Boston Public Schools system. The educational institution is on a transformative path, aiming to electrify all of its 750 school buses in what is being touted as the largest school-bus electrification initiative in the Northeast. Orion has recently announced the installation of 90 EV charging stations as part of contracts totaling $6.5 million dedicated to supporting this initiative.

Sally Washlow, CEO of Orion, expressed her pride in being a key partner in MassDOT's ambitious plans. She noted, “It is gratifying to have such a pivotal role in MassDOT’s extensive roll-out of EV Infrastructure.” This statement embodies Orion’s commitment to a sustainable future, emphasizing its partnership with one of the nation’s most forward-thinking state transportation departments.

Orion’s Impressive Revenue Growth

In conjunction with its commitment to sustainability and EV infrastructure, Orion Energy Systems is experiencing a thrilling upward trajectory in its financial performance. Over the past few weeks, the company has secured contracts with five major enterprise clients, generating an impressive $15.5 million in revenue. This momentum aligns with Orion’s optimistic fiscal outlook for 2026, forecasting a possible approach to or achieving positive adjusted EBITDA on revenue projected around $84 million.

Such growth does not merely reflect operational success but demonstrates a clear alignment with current trends towards renewable energy and efficient technology. The increasing partnerships affirm public and private sectors alike are recognizing the importance of investing in sustainable and innovative energy solutions.

Orion's Commitment to Sustainable Solutions

As a pioneer in energy efficiency, Orion Energy Systems continues to expand its portfolio, incorporating a diverse range of solutions, including LED lighting systems and electrical vehicle (EV) charging stations. The company focuses on providing comprehensive services, from design to installation, ensuring that large-scale customers receive tailored solutions that meet their environmental and business objectives.

The landscape of energy consumption is evolving, and Orion is at the forefront, championing practices focused on reducing carbon footprints while enhancing operational performance. Their ongoing commitment to sustainability is evident within their corporate culture, striving to make an impactful difference in the communities they serve.

Engage with Orion Energy Systems

For those looking to stay connected, Orion invites you to engage with them on social media. Follow them on X @OrionLighting and @OrionLightingIR for updates, or connect on StockTwits @OESX_IR to see their latest achievements and news. The company prides itself on transparency and accessibility, encouraging communication with potential investors and stakeholders.

Frequently Asked Questions

What recent project did Orion complete for the Massachusetts DOT?

Orion is installing four High Power DC EV chargers at two service plazas as part of a $2 million contract with the Massachusetts DOT.

How is Orion contributing to electric vehicle infrastructure?

Orion is actively involved in deploying EV charging stations across Massachusetts, including significant installations for Boston Public Schools.

What financial achievements has Orion recently reported?

Orion has secured $15.5 million in contracts with five enterprise customers, showcasing its revenue growth and positive financial trajectory.

What is Orion's vision for sustainability?

Orion aims to provide energy-efficient solutions that reduce carbon footprints while enhancing the performance of businesses and institutions.

How can I contact Orion Energy Systems for inquiries?

You can reach Orion Energy Systems’ investor relations via email at pbrodin@oesx.com or call (212) 924-9800.

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