Contracts with existing industrial customer expand backlog by 6MW
iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it had secured two contracts covering 6.0 MW and valued at $4.9 million in Maine, with a single developer, to provide expanded solar energy capabilities at two industrial sites.
HIGHLIGHTS:
- 6.0 MW in contracts enlarges iSun’s already active and completed portfolio of projects in the Maine market
- $4.9 million in new project contracts highlights iSun’s momentum in deepening existing customer relationships in 2023
- Projects scheduled to begin in spring 2023 and are expected to be completed in early 2024
“We are pleased with our success in winning more solar energy contracts in the significant Maine market, building upon our success there in 2022. These new projects reflect the strengthening of our collaborative relationship with a leading developer, and we plan to begin implementing these projects this spring,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “In 2023, we are focused on execution and efficiency, and we intend to work diligently to continue to earn the confidence of our existing customers so that we can help them achieve their goals in alternative energy initiatives. This award demonstrates yet again our strong commitment to accelerating the transition to solar energy for customers in New England.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
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Contacts
iSun Investor Relations
IR: IR@isunenergy.com
