VMC - Orion's (OESX) Voltrek Wins $11M Eversource Energy Contracts | Benzinga
Orion Energy Systems, Inc.'s (NASDAQ: OESX) electric vehicle charging solutions division, Voltrek, secured more than $11 million of open construction services contracts from Eversource Energy under its ‘EV Make Ready' program. These contracts were finalized in the fiscal 2024 and represent more than 25 individual projects.
These projects, previously part of Orion's revenue outlook, are now contracted and slated for execution within the company's fiscal year 2025 (starting Apr 1, 2024). They involve Level 2 and Level 3 chargers, serving various needs such as public, workplace and fleet charging applications. This reflects the growing demand for EV charging solutions. This reflects the growing demand for EV charging solutions, marking significant progress in OESX's EV charging business and reaffirming Voltrek's position as a trusted industry partner.
Focus on EV Charging Business
The company's EV Segment provides leading expertise in electric vehicle charging, offering sales, installation of sourced charging stations, and related software subscriptions and renewals. It also delivers turnkey installation solutions with ongoing support to all commercial verticals.
During third-quarter fiscal 2023, ...