iSUN Inc. Announces Multiple Project Awards in Vermont

iSun estimates that the portfolio will have a combined contract value exceeding $7 million.

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Thursday, August 26, 2021
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Summary
Key Points: 
  • iSun estimates that the portfolio will have a combined contract value exceeding $7 million.
  • Were always excited to communicate progress towards our three-pronged strategy for growth to our investors, said Jeffrey Peck, Chairman and Chief Executive Officer of iSun.
  • These awards reflect how our work over the last 50 years has cultivated such trust, particularly within our home territory.
  • iSun is optimally positioned to capitalize on this trend, and stands ready to assist customers both old and new, concluded Peck.


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 11 projects for Solar Engineering, Procurement and Construction (“EPC”) services in its home state of Vermont. iSun estimates that the portfolio will have a combined contract value exceeding $7 million.

HIGHLIGHTS:

  • Portfolio award signifies iSun’s successful execution of its organic growth strategy identified in its recent investor presentation.
  • $7.2 million portfolio further strengthens iSun’s base.
  • Awards illustrate iSun’s 50-year legacy, experience building sustainable, long-term customer relationships.

“We’re always excited to communicate progress towards our three-pronged strategy for growth to our investors,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We’re particularly proud when such news happens in our own backyard. Again, since first announcing this strategy in late 2019, we’ve maintained that our relationships and reputation within regions where we’re more established will provide springboards for continued growth opportunities. These Vermont contracts are proof of exactly that.”

“Earlier this week, we re-iterated our approach to value creation,” continued Peck. “Now more than ever, large-scale solar project developers are looking for EPC contractors they can trust to get the job done as promised, on-time, and on-budget in this challenging operating environment. These awards reflect how our work over the last 50 years has cultivated such trust, particularly within our home territory. One award in particular is the latest in dozens of such projects we’ve executed for this partner over the course of a decade-long relationship – a remarkable feat, given the relative infancy of our industry.”

“With demand for clean, renewable energy steadily increasing, we expect this trend to continue throughout the balance of 2021 and beyond. iSun is optimally positioned to capitalize on this trend, and stands ready to assist customers both old and new,” concluded Peck.

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.

Forward Looking Statements

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