Orion Energy Systems, Inc. (NASDAQ: OESX) announced that its Orion/Voltrek division has secured a new portfolio of electric‑vehicle charging station deployments that are expected to generate approximately $10 million in revenue. The project will include more than 80 charging stations for a diverse set of large enterprise customers, ranging from a major school district in the Northeast to a prominent shopping mall in South Carolina and a metropolitan utility fleet in California.
The $10 million projection represents a substantial addition to Orion’s EV‑charging business, which generated $5.8 million in revenue in Q4 FY'25 and $16.8 million for the full FY'25. In Q1 FY'26 the segment posted $2.7 million, but revenue nearly doubled to $4.7 million in Q3 FY'26, underscoring a recovery in demand. The new contract therefore adds a significant, recurring revenue stream at a time when the company is pursuing a turnaround in profitability.
The deployments cover Level 2 and DC fast chargers for a hospitality group and provide hardware and project‑management solutions to partner networks in Massachusetts and North Carolina. Orion has also opened a new office in Jacksonville, Florida, to support its expanding Southeast presence, and the new projects extend the company’s geographic footprint from the East Coast to the West Coast.
CEO Sally Washlow said, “Orion/Voltrek is increasingly active in the ongoing deployment of EV Charging stations and related infrastructure in the United States. We are installing charging stations and delivering electrification hardware in an expanding geographic area, stretching from the East Coast to the West Coast.” She added, “We are seeing accelerating demand for EV Charging deployments by an increasingly diversified customer base, including location‑based and fleet‑management… Orion/Voltrek is addressing a widening spectrum of markets as we continue to play a bigger part in building out the nation’s electrification infrastructure.” Washlow also noted that the company has achieved its fifth consecutive quarter of positive adjusted EBITDA and that the improvements in growth, profitability, and market expansion are expected to continue into Q4 and the next fiscal year.
The new deployments fit into Orion’s broader strategy to become an integrated electrical‑infrastructure provider and to shift the company’s revenue mix away from its declining LED lighting segment toward higher‑margin EV charging and maintenance services. Gross margin for the company rose to 30.1 % in Q1 FY'26 from 25.4 % in FY'25, and the company has reiterated its FY'26 revenue outlook of $84 million to $86 million and a FY'27 outlook of $95 million to $97 million, all while targeting positive adjusted EBITDA.
Industry analysts expect the U.S. EV‑charging market to grow at about 8 % this year, and Orion’s new contracts demonstrate the company’s ability to capture a share of that expansion. The $10 million revenue projection, combined with the company’s margin improvement and strategic geographic expansion, signals a strengthening position in a high‑growth segment that is central to Orion’s long‑term profitability.
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