Pineapple Energy Announces Two Additional Commercial Solar Installations, with Work Scheduled to Begin November 2024
Pineapple Energy Inc. (Nasdaq: PEGY) has announced two new commercial solar installation contracts on Long Island, set to begin in November 2024. The projects, located in the arts & entertainment and consumer retail sectors, will generate a total of 87 kW of clean energy using 176 rooftop modules.
Interim CEO Scott Maskin highlighted the growing demand for commercial and industrial renewable energy solutions, citing increasing energy prices as a key driver. The company expects these projects to contribute to a marked improvement in the second half of 2024, particularly in the commercial segment, compared to the first six months of the year.
John Mucci, SUNation's General Manager of NY Operations, emphasized that these new contracts validate the company's previous statements about an uptick in commercial and industrial business, reflecting a robust project pipeline and diverse opportunities.
Pineapple Energy Inc. (Nasdaq: PEGY) ha annunciato due nuovi contratti per l'installazione di impianti solari commerciali a Long Island, che inizieranno a novembre 2024. I progetti, situati nei settori dell’arte e dell’intrattenimento e del commercio al dettaglio, genereranno un totale di 87 kW di energia pulita utilizzando 176 moduli fotovoltaici sul tetto.
Il CEO ad interim Scott Maskin ha evidenziato la crescente domanda di soluzioni energetiche rinnovabili per le aziende e l'industria, citando l'aumento dei prezzi dell'energia come un fattore chiave. L'azienda si aspetta che questi progetti contribuiscano a un notevole miglioramento nella seconda metà del 2024, in particolare nel segmento commerciale, rispetto ai primi sei mesi dell'anno.
John Mucci, direttore generale delle operazioni NY di SUNation, ha sottolineato che questi nuovi contratti convalidano le affermazioni precedenti dell'azienda riguardo a un incremento delle attività commerciali e industriali, riflettendo una solida pipeline di progetti e opportunità diversificate.
Pineapple Energy Inc. (Nasdaq: PEGY) ha anunciado dos nuevos contratos para la instalación de sistemas solares comerciales en Long Island, que comenzarán en noviembre de 2024. Los proyectos, ubicados en los sectores de artes y entretenimiento, y retail, generarán un total de 87 kW de energía limpia utilizando 176 módulos en techos.
El CEO interino Scott Maskin destacó la creciente demanda de soluciones de energía renovable para el comercio y la industria, citando el aumento de los precios de la energía como un factor clave. La compañía espera que estos proyectos contribuyan a una mejora notable en la segunda mitad de 2024, particularmente en el segmento comercial, en comparación con los primeros seis meses del año.
John Mucci, gerente general de operaciones de SUNation en NY, enfatizó que estos nuevos contratos validan las declaraciones anteriores de la compañía sobre un aumento en los negocios comerciales e industriales, reflejando una sólida cartera de proyectos y diversas oportunidades.
Pineapple Energy Inc. (Nasdaq: PEGY)는 롱아일랜드에서 두 개의 상업용 태양광 설치 계약을 발표했으며, 이는 2024년 11월부터 시작될 예정입니다. 이 프로젝트는 예술 및 엔터테인먼트와 소비자 소매 분야에 위치하고 있으며, 87 kW의 청정 에너지를 생성하기 위해 176개의 옥상 모듈을 사용할 것입니다.
임시 CEO인 Scott Maskin은 상업 및 산업용 재생 가능 에너지 솔루션에 대한 수요 증가를 언급하며, 에너지 가격 상승이 주요 원인이라고 설명했습니다. 회사는 이러한 프로젝트가 2024년 하반기에 특히 상업 부문에서 연초 6개월에 비해 상당한 개선에 기여할 것으로 예상하고 있습니다.
SUNation의 NY 운영 총괄 매니저인 John Mucci는 이러한 새로운 계약이 상업 및 산업 분야의 사업 증가에 대한 회사의 이전 주장을 확인해 준다고 강조하며, 견고한 프로젝트 파이프라인과 다양한 기회를 반영하고 있다고 말했습니다.
Pineapple Energy Inc. (Nasdaq: PEGY) a annoncé deux nouveaux contrats d'installation solaire commerciale sur Long Island, qui devraient débuter en novembre 2024. Les projets, situés dans les secteurs des arts & divertissements et du commerce de détail, devraient générer un total de 87 kW d'énergie propre grâce à 176 modules sur le toit.
Le PDG par intérim Scott Maskin a souligné la demande croissante de solutions énergétiques renouvelables pour les entreprises et l'industrie, en citant la hausse des prix de l'énergie comme un moteur clé. L'entreprise s'attend à ce que ces projets contribuent à une amélioration significative dans la seconde moitié de 2024, en particulier dans le segment commercial, par rapport aux six premiers mois de l'année.
John Mucci, directeur général des opérations de SUNation à NY, a souligné que ces nouveaux contrats valident les déclarations précédentes de l'entreprise concernant une augmentation des affaires commerciales et industrielles, reflétant une solide chaîne de projets et diverses opportunités.
Pineapple Energy Inc. (Nasdaq: PEGY) hat zwei neue Verträge für kommerzielle Solarinstallationen auf Long Island bekannt gegeben, die im November 2024 beginnen sollen. Die Projekte, die in den Bereichen Kunst & Unterhaltung sowie Einzelhandel angesiedelt sind, werden insgesamt 87 kW saubere Energie mit 176 Dachmodulen erzeugen.
Interim-CEO Scott Maskin hob die wachsende Nachfrage nach Lösungen für erneuerbare Energien im kommerziellen und industriellen Sektor hervor und nannte steigende Energiepreise als einen entscheidenden Faktor. Das Unternehmen erwartet, dass diese Projekte zu einer deutlichen Verbesserung in der zweiten Hälfte von 2024 beitragen werden, insbesondere im kommerziellen Bereich, im Vergleich zu den ersten sechs Monaten des Jahres.
John Mucci, Geschäftsführer von SUNation für NY-Operationen, betonte, dass diese neuen Verträge die früheren Aussagen des Unternehmens über einen Anstieg des Geschäfts im kommerziellen und industriellen Sektor bestätigen und eine robuste Projektpipeline sowie vielfältige Möglichkeiten widerspiegeln.
- Secured two new commercial solar installation contracts
- Projects expected to generate 87 kW of clean energy
- Company anticipates improved performance in H2 2024 compared to H1
- Robust project pipeline and diverse opportunities in commercial sector
- None.
RONKONKOMA, N.Y., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Pineapple Energy Inc. (Nasdaq: PEGY) (“Pineapple” or the “Company”), a leading provider of sustainable solar energy and backup power to households, businesses, municipalities, and for servicing existing systems, today announced that work will soon be commencing on two new commercial contracts for solar projects on Long Island.
The work will be performed under contract for facilities within the arts & entertainment and consumer retail sectors and is expected to begin in the fourth quarter of 2024. In terms of renewable energy production, generation across the two distinct sites is expected to yield a total of 87 kW of clean energy across a total of 176 rooftop modules.
“Once again, the market demonstrates that there is ample demand for commercial and industrial work in the renewable energy space,” Scott Maskin, Pineapple’s Interim CEO, said. “As energy prices continue to increase, commercial, industrial, and institutional property owners see the value, savings, and energy security that solar delivers.”
In providing this update, the Company reiterated that it remains confident that the second half of the year, notably on the commercial side of the business, will show marked improvement when compared to the first six months of 2024.
“We’ve been saying for months that there has been an uptick on the commercial and industrial side of the business, and believe that these latest agreements validate this position,” John Mucci, SUNation’s General Manager of New York Operations, added. “These additional awards reflect the robust nature of our project pipeline and the diverse opportunities we are pursuing.”
About Pineapple Energy
Pineapple is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services.
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations or beliefs and are subject to uncertainty and changes in circumstances, including the Company’s expectations regarding its ability to effect the reverse stock split and regain compliance with Nasdaq’s continued listing standards. While the Company believes its plans, intentions, and expectations reflected in those forward-looking statements are reasonable, these plans, intentions, or expectations may not be achieved. For information about the factors that could cause such differences, please refer to the Company’s filings with the Securities and Exchange Commission, including, without limitation, the statements made under the heading “Risk Factors” in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and in subsequent filings. The Company does not undertake any obligation to update or revise these forward-looking statements for any reason, except as required by law.
Safe Harbor Statement
Our prospects here at Pineapple Energy Inc. are subject to uncertainties and risks. This news release (video statement) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words "believes", "expects", "anticipates", "intends", "estimates", "plans", "projects", "should", or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company's filings with the SEC which can be found on the SEC's website at www.sec.gov.
Contacts:
Scott Maskin
Interim Chief Executive Officer
+1 (631) 823-7131
scott.maskin@pineappleenergy.com
Pineapple Investor Relations
+1 (952) 996-1674
IR@pineappleenergy.com
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