Orion secures $1M EV charging project with municipal client

  • Investing.com
  • Stock Market News
Orion secures $1M EV charging project with municipal client
Credit: © Reuters.

MANITOWOC, Wis. - Orion Energy Systems, Inc. ( NASDAQ : NASDAQ: OESX ), known as Orion Lighting, has announced a significant contract through its electric vehicle (EV) charging division, Voltrek. The company will install 43 EV chargers for a long-standing municipal client, marking a strategic expansion into EV infrastructure.

The project, exceeding $1 million, will feature a combination of Level 2 and Level 3 Chargepoint chargers, catering to the customer's burgeoning EV fleet. These chargers will be distributed across various municipal sites, including garages and parking lots, to support a range of EV models. The initiative is backed by the Eversource Make Ready Program, which offers rebates to entities transitioning to electric vehicles.

Kathleen Connors, President of Voltrek, highlighted the company's comprehensive service offerings, from site planning to installation. She emphasized Voltrek's commitment to delivering a seamless EV charging installation experience.

Completion of the project is expected within Orion's fourth fiscal quarter of 2024. This development aligns with Orion's broader mission to provide energy-efficient solutions and contribute to environmental sustainability by reducing carbon footprints and enhancing business performance.

Orion specializes in full-spectrum design-through-installation solutions, particularly for large national clients. The company's commitment to sustainability and operational responsibility is integral to its business ethos.

This press release includes forward-looking statements, which are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Orion urges shareholders and potential investors to consider these factors carefully.

The information reported is based on a press release statement from Orion Energy Systems, Inc. For further details about Orion and Voltrek's offerings, visit orionlighting.com.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or