OESX News & Events

Orion Energy files $100M mixed securities shelf

Orion Energy Systems announced that it has begun work on an Electrical Infrastructure and LED lighting initiative for a location of a global leader in laboratory-based testing services. Orion reports that the engagement with its longtime customer represents revenue of $3.6 million. The engagement is made up of upgrades and installations of LED Lighting and Electrical Infrastructure at one of the enterprise customer's facilities in the United States. The customer provides Testing, Inspection, and Certification services on a wide range of products, materials, processes and services for numerous international markets.

Orion Energy Systems announced the introduction of a localized battery energy storage system that enables facilities to minimize cost and maximize efficiency by drawing on stored solar energy. Inaugural battery energy storage system deployments are commencing in Orion's current fiscal quarter at the first three sites of a 10-site deployment in California, the company said. The deployments feature rechargeable batteries to store the energy the facility's solar panels accumulate during the day for use either at night or whenever it is needed. These facilities can draw down the stored energy to power administrative, industrial or business administrative activities, as well as EV charging and other functions.