Execution of an estimated $6.7m in new contracts highlights value of company’s 50-years of experience achieving its growth objectives
WILLISTON, Vt., October 20, 2021--(BUSINESS WIRE)--iSun, Inc. (NASDAQ: ISUN) (the "Company", or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services, today announced that it has been awarded contracts for Solar Engineering, Procurement and Construction ("EPC") services across three separate projects in Maine. Once complete, the projects will yield over 20mw of solar production; Combined, the contract values exceed $6.7 million.
Portfolio award signifies iSun’s successful execution of its organic growth strategy identified in its recent investor presentation.
$6.7 million portfolio highlights iSun’s ability to enter new geographic markets and build new customer relationships
Awards illustrate iSun’s 50-year legacy, experience bringing complex projects on-line on time and on-budget.
The award reflects iSun’s progress towards its previously stated growth objectives. First announced in late 2019, iSun’s growth strategy highlighted the specific steps the organization would take to accelerate the nation’s transition to solar energy across all sectors. This award is congruent with one of the three core pillars of this strategy - the organic growth of its Industrial and Utility EPC business throughout New England.
"This award reflects the progress we’ve steadily been making against our three-pronged strategy for growth," said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. "Equally important, these contracts reflect our ability to successfully navigate the market conditions affecting the solar EPC landscape," continued Peck. "As stated previously, we’re not immune to the challenges COVID has created within the Solar EPC operating environment. iSun however, is not like most Solar EPCs. We’ve over 50 years of experience managing projects of similar scale and complexity, in similar climates. Such experience affords iSun a tremendous advantage when trying to reconcile increased demand with limited labor and materials, as evidenced by our ability to execute on projects like these."
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, 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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