iSun Inc. Wins $3.1 Million New Solar Contract in Vermont

Rhea-AI Summary

iSun, Inc. (NASDAQ: ISUN) announced a $3.1 million contract to implement solar energy solutions in Middlebury, Vermont. This new project will add 6.5 MW to the company's already completed 257.1 MW projects in Vermont. The CEO, Jeffrey Peck, highlighted the strong demand for solar energy in New England, emphasizing the company's commitment to clean energy initiatives.

Positive

• Awarded a $3.1 million contract for solar solutions in Middlebury, Vermont.
• New project will add 6.5 MW to completed projects totaling 257.1 MW in Vermont.
• Demonstrates strong customer demand for solar energy in New England.

Negative

• None.

Middlebury Latest Community to Engage iSun’s Expertise

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, today announced that it was awarded a $3.1 million contract to implement solar energy solutions in Middlebury, Vermont.

HIGHLIGHTS:

• New award of 6.5 MW will add to iSun’s already completed 257.1 MW of projects in Vermont
• $3.1 new contract highlights iSun’s continued leadership in advancing the implementation of solar energy

“We are very pleased by our continued progress in securing awards for solar projects throughout New England, with the latest win in Middlebury, Vermont,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This demonstrates the continued strong customer demand for solar energy in our markets, and the success of our team in cultivating long-term customer relationships for iSun. The transition to clean energy remains the most important initiative of our generation and we are proud to assist more communities in achieving alternative energy solutions.”

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/20221212005021/en/

iSun Investor Relations

IR@isunenergy.com

Source: iSun, Inc.

FAQ

What recent contract did iSun announce?

iSun announced a $3.1 million contract to implement solar energy solutions in Middlebury, Vermont.

How much new capacity will the iSun project add?

The new project will add 6.5 MW to iSun's already completed 257.1 MW of projects in Vermont.

What is the significance of the new contract for iSun?

The contract underscores iSun's leadership in solar energy and the strong customer demand in New England.