SUNation Energy Signs Letters of Intent with Energy Systems Group to Construct 2.35 MWDC of Solar Projects at Two Prominent School Districts on Long Island, NY
SUNation Energy (Nasdaq: SUNE) has signed Letters of Intent with Energy Systems Group (ESG) to install 2.35 MWs of solar power systems across two Long Island school districts. The projects span 10 buildings and are expected to generate 3 megawatt hours of renewable energy annually.
The first project involves seven schools and facility buildings, with a 1.3 MW generation potential through rooftop solar arrays, projected to generate 1,687,723 kwh/year and offset 75.85% of the district's energy needs. The second project covers three buildings with a 1.057 MW potential, expected to generate 1,371,712 kwh/year and offset 87.3% of energy needs.
CEO Scott Maskin highlighted strong institutional demand for commercial-scale solar projects. The projects' execution remains subject to definitive agreements and ongoing discussions between parties.
SUNation Energy (Nasdaq: SUNE) ha firmato Lettere di Intenti con Energy Systems Group (ESG) per installare 2,35 MW di impianti solari in due distretti scolastici di Long Island. I progetti coinvolgono 10 edifici e si prevede che producano 3 megawattora di energia rinnovabile all'anno.
Il primo progetto riguarda sette scuole e strutture, con un potenziale di generazione di 1,3 MW tramite impianti solari su tetto, stimati a produrre 1.687.723 kWh/anno e a coprire il 75,85% del fabbisogno energetico del distretto. Il secondo progetto interessa tre edifici con un potenziale di 1,057 MW, previsto per generare 1.371.712 kWh/anno e coprire l'87,3% del fabbisogno energetico.
Il CEO Scott Maskin ha sottolineato la forte domanda istituzionale per progetti solari su scala commerciale. L'esecuzione dei progetti è soggetta a accordi definitivi e a ulteriori trattative tra le parti.
SUNation Energy (Nasdaq: SUNE) ha firmado Cartas de Intención con Energy Systems Group (ESG) para instalar 2,35 MW de sistemas solares en dos distritos escolares de Long Island. Los proyectos abarcan 10 edificios y se espera que generen 3 megavatios hora de energía renovable anualmente.
El primer proyecto involucra siete escuelas y edificios de instalaciones, con un potencial de generación de 1,3 MW mediante paneles solares en los techos, proyectado para generar 1.687.723 kWh/año y cubrir el 75,85% de las necesidades energéticas del distrito. El segundo proyecto cubre tres edificios con un potencial de 1,057 MW, que se espera genere 1.371.712 kWh/año y cubra el 87,3% de las necesidades energéticas.
El CEO Scott Maskin destacó la fuerte demanda institucional de proyectos solares a escala comercial. La ejecución de los proyectos está sujeta a acuerdos definitivos y a discusiones en curso entre las partes.
SUNation Energy (나스닥: SUNE)는 Energy Systems Group(ESG)과 장기 섬(Long Island)의 두 학교 구역에 2.35MW 태양광 시스템 설치를 위한 의향서를 체결했습니다. 이 프로젝트는 10개 건물을 포함하며 연간 3메가와트시의 재생 에너지를 생산할 것으로 예상됩니다.
첫 번째 프로젝트는 7개의 학교 및 시설 건물을 대상으로 하며, 옥상 태양광 배열을 통해 1.3MW의 발전 잠재력을 가지고 있습니다. 연간 1,687,723 kWh를 생산하여 구역 에너지 수요의 75.85%를 대체할 것으로 예상됩니다. 두 번째 프로젝트는 3개 건물을 포함하며 1.057MW의 잠재력을 가지고 있고, 연간 1,371,712 kWh를 생산하여 87.3%의 에너지 수요를 충족할 것으로 기대됩니다.
CEO 스콧 마스킨은 상업 규모 태양광 프로젝트에 대한 강력한 기관 수요를 강조했습니다. 프로젝트 실행은 최종 계약 및 당사자 간의 지속적인 협의에 따라 결정됩니다.
SUNation Energy (Nasdaq : SUNE) a signé des lettres d'intention avec Energy Systems Group (ESG) pour installer 2,35 MW de systèmes solaires dans deux districts scolaires de Long Island. Les projets couvrent 10 bâtiments et devraient générer 3 mégawattheures d'énergie renouvelable par an.
Le premier projet concerne sept écoles et bâtiments, avec un potentiel de production de 1,3 MW grâce à des installations solaires sur les toits, estimé à 1 687 723 kWh/an, couvrant 75,85 % des besoins énergétiques du district. Le second projet inclut trois bâtiments avec un potentiel de 1,057 MW, prévu pour générer 1 371 712 kWh/an et couvrir 87,3 % des besoins énergétiques.
Le PDG Scott Maskin a souligné la forte demande institutionnelle pour des projets solaires à l’échelle commerciale. La réalisation des projets dépend d’accords définitifs et de discussions en cours entre les parties.
SUNation Energy (Nasdaq: SUNE) hat Absichtserklärungen mit Energy Systems Group (ESG) unterzeichnet, um 2,35 MW Solarsysteme in zwei Schulbezirken auf Long Island zu installieren. Die Projekte umfassen 10 Gebäude und sollen jährlich 3 Megawattstunden erneuerbare Energie erzeugen.
Das erste Projekt umfasst sieben Schulen und Einrichtungen mit einem Erzeugungspotenzial von 1,3 MW durch Solaranlagen auf den Dächern. Es wird erwartet, dass 1.687.723 kWh/Jahr erzeugt werden, was 75,85 % des Energiebedarfs des Bezirks deckt. Das zweite Projekt umfasst drei Gebäude mit einem Potenzial von 1,057 MW, die voraussichtlich 1.371.712 kWh/Jahr erzeugen und 87,3 % des Energiebedarfs abdecken.
CEO Scott Maskin hob die starke institutionelle Nachfrage nach Solaranlagen im kommerziellen Maßstab hervor. Die Umsetzung der Projekte hängt von endgültigen Vereinbarungen und laufenden Verhandlungen zwischen den Parteien ab.
- Significant energy offset potential: 75.85% and 87.3% for the two districts
- Large-scale commercial project: 2.35 MWs total capacity across 10 buildings
- Expansion of institutional client portfolio in Long Island market
- Projects not yet finalized - only at Letters of Intent stage
- Execution subject to various factors and definitive agreements
Insights
SUNation's new LOIs for 2.35MW of school solar projects demonstrate commercial momentum but require final agreements before impacting revenue.
The announcement of Letters of Intent for 2.35 MWDC of solar projects represents positive business development for SUNation Energy, though with important caveats. These two school district projects would collectively generate over 3 million kilowatt-hours annually across 10 buildings, providing substantial energy offsets of
These LOIs demonstrate SUNation's continued traction in the education sector, with CEO Scott Maskin explicitly noting these projects would join their "significant portfolio of Long Island school districts." This suggests a strategic focus on educational institutions as a key market segment.
The specific generation capacity (1.3 MW and 1.057 MW) and production estimates (1,687,723 kwh/year and 1,371,712 kwh/year) provide concrete metrics about the scale of these installations. The high offset percentages indicate these are comprehensive energy solutions for the districts rather than token sustainability projects.
However, it's crucial to recognize these are Letters of Intent, not finalized agreements. The article explicitly notes the projects are "subject to a variety of factors, including ongoing discussions between the parties and the signing of definitive agreements." This represents pipeline development rather than secured revenue.
Without financial details or timeline information, it's difficult to assess the specific revenue impact or when these projects might contribute to SUNation's financial performance. The educational sector typically offers stable, credit-worthy customers, which can be advantageous for long-term business development.
For an investor in SUNE, this news demonstrates commercial momentum and market validation in an important institutional segment, but the LOI status indicates these opportunities remain in the development stage of the sales cycle.
Work On Ten (10) Buildings Will Generate Over 3 Megawatt Hours of Renewable Solar Power Annually
RONKONKOMA, N.Y., April 22, 2025 (GLOBE NEWSWIRE) -- SUNation Energy, Inc. (Nasdaq: SUNE), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, has signed separate Letters of Intent (LOI) with Energy Systems Group (ESG), an award-winning energy services company, for the deployment of over 2.35 MWs of solar power at two school districts on Long Island.
Collectively, these installations are designed to deliver 3 megawatt hours (MWHs) of clean solar energy across 10 buildings that would offset a substantial majority of each district’s energy needs.
The projects under LOI are:
- A total of seven (7) schools and facility buildings within a prominent school district on Long Island for a total generation potential of 1.3 MW. The system will be comprised of rooftop solar arrays. Upon completion, this installation would generate approximately 1,687,723 kwh/year which would provide an estimated
75.85% energy offset for the district. - A total of three (3) buildings within another Long Island-based school district for a total generation potential of 1.057 MW. The system will be comprised of rooftop solar arrays. Upon completion, the installation would generate approximately 1,371,712 kwh/year which would provide an offset of an estimated
87.3% of the district’s energy needs.
“We are convinced that there is a strong institutional demand for commercial-scale solar projects that deliver value,” SUNation Energy CEO Scott Maskin said. “These districts deserve the benefits of solar energy, and we’re happy to deliver. We look forward to working with our partners at ESG and these school districts to advance the approval process and secure a cleaner, greener future for our neighbors in these communities.”
Mr. Maskin concluded, “We are proud to add both of these projects into our significant portfolio of Long Island school districts in the SUNation family.”
The projects contemplated by these Letters of Intent are subject to a variety of factors, including, but not limited to, ongoing discussions between the parties and the signing of definitive agreements.
About SUNation Energy, Inc.
SUNation Energy, Inc. 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. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.
About Energy Systems Group (ESG)
Energy Systems Group (ESG) is a leading provider of performance-driven energy and infrastructure solutions nationwide. We design, build, and guarantee solutions that improve the reliability, efficiency, and lifespan of critical facilities in the education, government, healthcare, commercial, and industrial sectors. With a commitment to delivering reliable and proven solutions, Energy Systems Group takes a comprehensive approach to facility transformation. Visit energysystemsgroup.com to learn more.
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. 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 SUNation Energy Inc. are subject to uncertainties and risks. This news release 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, including, but not limited to, the risk that SUNation may not be able to enter into definitive agreements to commence these solar installations, and that the projects being contemplated will not generate the expected levels of energy or deliver the anticipated financial benefits. 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
Chief Executive Officer
+1 (631) 823-7131
smaskin@sunation.com
SUNation Energy Investor Relations
+1 (212) 836-9600
IR@sunation.com
FAQ
What is the total solar power capacity planned for SUNation Energy's Long Island school district projects?
How much energy will SUNE's solar installations generate for the first Long Island school district?
What percentage of energy needs will SUNE's solar project offset for the second school district?
Are SUNation Energy's (SUNE) school district solar projects finalized?
