iSun Inc. Enters PJM Market

Rhea-AI Summary

iSun (NASDAQ: ISUN) has secured a $3.0 million contract for 3.2 MW in Maryland, marking its entry into the PJM energy market. This contract signifies ongoing geographic expansion along the East Coast and supports iSun's mission to accelerate the transition to clean energy. CEO Jeffrey Peck emphasized commitment to long-term value creation for investors and the importance of clean energy initiatives. With over 600 megawatts of solar systems installed, iSun continues to reinforce its presence in the renewable energy sector.

Positive

• Secured a $3.0 million contract for 3.2 MW in Maryland.
• Establishes presence in the PJM energy market, a major energy market.
• Continues geographic expansion along the East Coast.

Negative

• None.

Estimated 3.2 MWs and $3.0 million contract award in Maryland

WILLISTON, Vt.--(BUSINESS WIRE)-- 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, announces execution of a contract totaling 3.2 MW and $3.0 million in Maryland establishing a presence in the PJM market.

HIGHLIGHTS:

• 3.2 MW award establishes iSun’s presence in the PJM market.
• $3.0 million in new contract highlights iSun’s continued geographic expansion along the East Coast.
• Advances iSun’s 50-year mission to combat climate change and accelerate the transition to clean energy.

“The PJM market is one of the largest energy markets in the Country,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are proud to expand our installation footprint and bring our world class craftsmanship to this critical market. We are also proud to support one of our existing customers as they expand their manufacturer capabilities. We appreciate the trust that our customers place in our ability to design and develop a solution that meets their energy needs now and in the future. For our investors, we continue to execute on our strategic plan to create long-term valuation. As we previously stated, the transition to clean energy is the most important initiative of our generation. We are excited to contribute to the renewable goals of the PJM market.”

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.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221011005197/en/

IR Contact:

IR@isunenergy.com

Source: iSun, Inc.

FAQ

What is the recent contract awarded to iSun?

iSun has been awarded a $3.0 million contract for 3.2 MW in Maryland.

How does the new contract impact iSun's market presence?

The contract establishes iSun's presence in the PJM energy market, one of the largest in the country.

What are iSun's future goals following the Maryland contract?

iSun aims to continue its geographic expansion and support renewable energy initiatives.