Orion Energy Systems announces a $4 million project to install 105 EV charging stations in Boston Public Schools.
Quiver AI Summary
Orion Energy Systems, Inc. announced a $4 million project to install 105 electric vehicle (EV) charging stations and related infrastructure for the Boston Public Schools (BPS). This initiative, executed by Orion's Voltrek division at the Freeport Bus Yard, is part of BPS's larger goal to electrify its fleet of 750 school buses, marking it as the largest school-bus electrification program in the Northeastern U.S. The new charging stations will utilize an innovative above-ground mounting method. Orion has a history of partnering with BPS on electrification efforts and is involved in various fleet-electrification projects across the Northeast. CEO Sally Washlow emphasized the company's commitment to providing reliable EV charging solutions to enterprise fleet managers.
Potential Positives
- Orion Energy Systems announced a significant contract valued at $4 million for the installation of 105 EV charging stations in the Boston Public School system, indicating strong business growth and demand for their services.
- The project positions Orion/Voltrek as a key player in the electrification of school bus fleets, as the Boston initiative is noted to be the largest of its kind in the Northeastern United States.
- Orion has established itself as a reliable long-term partner for the Boston Public Schools, enhancing its reputation and credibility in the education sector and among enterprise fleet managers.
- The press release aligns with the anticipated 8% growth in the U.S. EV Charging market, positioning Orion to benefit from this expanding industry trend.
Potential Negatives
- The press release heavily emphasizes forward-looking statements, which may cause uncertainty for investors regarding the company's actual performance and the feasibility of its claims.
- The reliance on a large contract with the Boston Public Schools makes the company vulnerable if future projects or partnerships do not materialize as expected.
- The absence of concrete financial performance metrics may raise concerns among stakeholders about the company's overall financial health and growth potential.
FAQ
What is the recent project announced by Orion Energy Systems?
Orion Energy Systems announced a project to install 105 EV charging stations for the Boston Public Schools, valued at $4 million.
How does the charging station installation benefit Boston Public Schools?
The installation supports BPS in electrifying their fleet of 750 school buses, contributing to the largest school-bus electrification program in the Northeast.
What technology is being used for the EV charging stations?
The stations feature an innovative above-ground mounting method with Jersey barriers, enhancing space efficiency and safety.
How does Orion contribute to fleet electrification initiatives?
Orion/Voltrek leads multiple fleet electrification projects in the Northeast, including electric van charging capabilities and school district deployments.
Where can I find more information about Orion Energy Systems?
More details on Orion's sustainability efforts and solutions can be found on their website at www.orionlighting.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OESX Insider Trading Activity
$OESX insiders have traded $OESX stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OESX stock by insiders over the last 6 months:
- SALLY A. WASHLOW (Chief Executive Officer) purchased 21,166 shares for an estimated $299,922
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$OESX Revenue
$OESX had revenues of $19.9M in Q2 2025. This is an increase of 2.88% from the same period in the prior year.
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Full Release
MANITOWOC, Wis., Feb. 03, 2026 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) ( Orion Lighting ), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today announced an installation project of 105 EV charging stations and related infrastructure in the Boston (MA.) Public School (“BPS”) system. The contract is valued at $4 million.
Orion’s Voltrek division is installing 105 DC fast charging stations and related infrastructure at the Freeport Bus Yard operated by the Boston Public Schools, one of the company’s largest customers and one of the most prominent school districts in the United States. Like a number of Orion/Voltrek installations for BPS, the new units feature an innovative above-ground mounting method with Jersey barriers.
Orion/Voltrek is a recurring partner in the BPS initiative to electrify 100% of the district’s 750 school buses. The BPS effort is the Northeastern United States’ largest school-bus electrification program.
Orion/Voltrek is involved in spearheading numerous fleet-electrification initiatives in the Northeast. Orion/Voltrek’s electrification and maintenance engagements include multiple-location deployments in municipalities and roll-outs of electric van charging capabilities in school districts. The company’s work is illustrated by the installation of 13 charging stations for the Lower Pioneer Valley School Educational Cooperative serving the Greater Springfield, MA. area.
“Orion/Voltrek is proud to be a reliable long-term provider of EV Charging, Infrastructure and Maintenance to BPS, one of the most innovative public school districts in America,” said Orion Chief Executive Officer Sally Washlow. “Fleet managers increasingly rely on Orion/Voltrek to deliver the quality, reliability and scalability that enterprise fleet managers require.”
Paren research expects 8% growth in the U.S. EV Charging market this year.
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress here , or visit our website at www.orionlighting.com .
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
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| Investor Relations Contacts | |
| Per Brodin, CFO | Robert Ferri |
| Orion Energy Systems, Inc. | Robert Ferri Partners |
| [email protected] |
(415) 575-1589 /
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