Orion Energy Systems Expands Partnership with Nationwide ESCO
Orion Energy Systems Expands Partnership with Nationwide ESCO
Orion Energy Systems, Inc. (NASDAQ: OESX), a leading provider of energy-efficient solutions, is thrilled to announce a transformative three-year contract with a prominent nationwide Energy Service Company (ESCO). This partnership will kick off in the new year and is projected to yield between $5 to $10 million annually for Orion.
Significance of the New Agreement
This significant agreement positions Orion as one of three selected suppliers for their turnkey lighting projects, enabling the firm to leverage its extensive capabilities to serve a broad customer base. Orion’s offerings will encompass all facets of the projects, including on-site assessments, comprehensive lighting audits, manufacturing of fixtures, project management, installation of fixtures, and commissioning of advanced LED lighting and control systems.
Orion's Commitment to Energy Efficiency
The expansion of this partnership not only highlights Orion's robust portfolio but also emphasizes its dedication to helping customers meet their energy efficiency and sustainability targets. Through innovative and high-efficiency products, Orion has established a strong track record in managing intricate turnkey audits, engineering processes, and installation projects.
Voice from Leadership
Michael Jenkins, the CEO of Orion, expressed his excitement about this partnership: "We are honored to expand our collaboration with this valued ESCO partner. This contract is a testament to Orion’s ability to deliver high-quality, energy-efficient lighting and controls solutions that meet the evolving needs of large-scale energy service providers. We are excited to contribute to a more sustainable future through this partnership."
About Orion Energy Systems
Orion Energy Systems specializes in clean technology solutions that include LED lighting, EV charging stations, and maintenance services, catering to large national customers across various industries. Their solutions reflect a commitment to enhancing business performance while reducing carbon footprints and creating safe, healthy environments.
Sustainability Goals
Commitment to responsible operations is at the heart of Orion Energy Systems. The company continually strives to set and achieve high sustainability goals. Interested parties can explore more information about these initiatives on Orion's website.
Contact Information
For further inquiries, Orion welcomes engagement with their marketing lead, Steve Paulus, who can be reached at spaulus@oesx.com or by phone at (920) 239-8007. The Investor Relations team, led by Per Brodin, CFO, is also available for stakeholder and investor queries.
Frequently Asked Questions
What is the nature of the new contract for Orion Energy Systems?
The new contract with a nationwide ESCO enables Orion to provide energy-efficient lighting solutions, including comprehensive project management and installations.
How much revenue is anticipated from this contract?
Orion expects to generate between $5 to $10 million annually from this three-year contract.
What specific services will Orion offer under this agreement?
Orion will provide site visits, lighting audits, manufacturing, installation, and commissioning of LED lighting and control systems.
Why is this contract important for Orion Energy Systems?
This contract not only expands Orion's business opportunities but also showcases their dedication to energy efficiency and sustainability.
How can I learn more about Orion's sustainability initiatives?
You can find detailed information about Orion’s sustainability goals and efforts on their official website.
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