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Orion Energy Systems secures $3.1 million electrical contracting deal
| USA | economy | ✓ Verified - investing.com

Orion Energy Systems secures $3.1 million electrical contracting deal

#Orion Energy Systems #Electrical contracting #Energy efficiency #Manufacturing #LED lighting #Sustainable solutions #Cost reduction

📌 Key Takeaways

  • Orion Energy Systems secured a $3.1 million electrical contracting deal
  • The contract involves upgrading lighting systems for a manufacturing facility
  • Expected energy consumption reduction of 65% and annual savings of $800,000
  • The deal reflects growing demand for energy efficiency solutions in manufacturing

📖 Full Retelling

Orion Energy Systems, a leading provider of energy-efficient lighting and sustainable energy solutions, has secured a $3.1 million electrical contracting deal in Milwaukee, Wisconsin on June 15, 2023, to upgrade lighting systems for a major manufacturing facility seeking to reduce energy consumption and operational costs. The contract represents a significant win for Orion Energy Systems, which has been expanding its presence in the commercial and industrial sectors. The company will install advanced LED lighting systems with smart controls and daylight harvesting capabilities across the 500,000-square-foot manufacturing plant. This project is expected to reduce the facility's energy consumption by approximately 65% and generate annual savings of over $800,000 for the client. Orion Energy Systems has been experiencing steady growth in its electrical contracting division, which complements its core business of energy-efficient lighting products, with industry analysts viewing this contract as part of a broader trend of manufacturers investing in energy efficiency to reduce costs and meet sustainability goals.

🏷️ Themes

Energy efficiency, Business growth, Sustainability

📚 Related People & Topics

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Manufacturing

Manufacturing

Industrial activity producing goods for sale using labor and machines

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Orion Energy Systems

Orion Energy Systems, Inc.

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Electrical contractor

Specialized construction professional

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Energy efficiency

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