iSun Inc. Wins Three New Solar Contracts Valued at $9.7 Million

Rhea-AI Summary

iSun, Inc. (NASDAQ: ISUN) has secured three new contracts valued at $9.7 million for solar energy projects in northern New England, enhancing its portfolio by an additional 9.0 MW. These projects are part of a partnership with a nationwide solar developer, reflecting iSun's experience in the industry and its commitment to meeting strong customer demand for solar energy. The projects are currently underway with completion expected this year, supporting iSun's strategy of profitable growth through clean energy solutions.

Positive

• Secured three contracts valued at $9.7 million, adding 9.0 MW to the portfolio.
• Partnership with a nationwide solar developer indicates strong industry positioning.
• Projects expected to be completed this year, enhancing operational capacity.

Negative

• None.

Projects Help Drive iSun’s Growth

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 three contracts with a total value of $9.7 million to implement solar energy solutions in communities in northern New England. The new projects result from a new partnership that iSun has formed with an integrated nationwide solar developer.

HIGHLIGHTS:

• New awards of 9.0 MW in total will add to iSun’s already completed portfolio of projects in northern New England
• Three new contracts valued at $9.7 million together underscore iSun’s ability to help construct significant commercial projects that advance the implementation of solar energy
• New partnership with a nationwide integrated solar developer demonstrates iSun’s experience and responsiveness
• Projects are underway and expected to be completed this year

“The three project awards from our new partner represent important wins for our team as we continue to demonstrate our ability to expand our customer base across New England,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “We are working diligently to address the continued strong customer demand for solar energy in our markets, and I’m very pleased with 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 customers throughout our markets 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/20230112005285/en/

iSun Investor Relations

IR@isunenergy.com

Source: iSun, Inc.