Orion Lauds Guidance on Federal National Electric Vehicle Infrastructure Grants; Directive Effectively Prescribes Orion/Voltrek Quality Standards for EV Charging Infrastructure
Rhea-AI Summary
Orion Energy Systems (NASDAQ: OESX) has welcomed new federal guidance for the $5 billion National Electric Vehicle Infrastructure (NEVI) grant program. The company highlighted that the U.S. Department of Transportation and Federal Highway Administration's directive aligns with Orion/Voltrek's existing quality standards for EV charging infrastructure deployments.
The announcement is particularly significant as 84% of the $5 billion NEVI funding remains unallocated. Orion/Voltrek is currently executing notable projects, including the installation of 90 EV charging stations for the Boston Public School system, which aims to electrify its entire fleet of 750 school buses in the largest school-bus electrification initiative in the Northeast.
Positive
- Federal guidance validates Orion/Voltrek's existing quality standards for EV charging infrastructure
- Access to significant market opportunity with 84% of $5B NEVI funding still unallocated
- Major ongoing project with Boston Public Schools for 90 EV charging stations
- Strategic positioning for state-level decision making through expanding presence
Negative
- None.
News Market Reaction – OESX
On the day this news was published, OESX declined 1.08%, reflecting a mild negative market reaction. Argus tracked a peak move of +1041.5% during that session. Our momentum scanner triggered 4 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $250K from the company's valuation, bringing the market cap to $23M at that time.
Data tracked by StockTitan Argus on the day of publication.
MANITOWOC, Wis., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Orion Energy Systems, Inc. (NASDAQ: OESX) (Orion Lighting), a provider of energy-efficient LED lighting, electric vehicle (EV) charging stations and maintenance services solutions, today lauded last week’s federal guidance directing
“Orion/Voltrek welcomes the substance of last week’s guidance by the U.S. Department of Transportation and the Federal Highway Administration governing implementation of the National Electric Vehicle Infrastructure grant program for alternative fuel infrastructure,” said Orion Chief Executive Officer Sally Washlow. “The federal guidance essentially mirrors the best practices and quality standards that Orion/Voltrek routinely requires in hundreds of its deployments. The Orion/Voltrek installation and maintenance standards have effectively become the nationwide federal standards for EV Charging stations and related infrastructure in the United States.”
“Last week’s federal announcement comes at a particularly opportune time for Orion/Voltrek,” said Kathleen Connors, President of Orion’s Voltrek division. “The directive emphasizes decision-making at the state level, where Voltrek is on the ground, thanks to our expanding presence. It also comes at a time when the Department of Transportation reports that
Orion/Voltrek is integral to the roll-out and maintenance of hundreds of EV charging stations and related infrastructure. Among the company’s ongoing deployments are installations of 90 EV charging stations and related infrastructure in the Boston Public School system. Boston Public Schools plan to electrify
About Orion Energy Systems
Orion provides energy efficiency and clean tech solutions, including LED lighting and controls, electrical vehicle (EV) charging solutions, and maintenance services. Orion specializes in turnkey design-through-installation solutions for large national customers as well as projects through ESCO and distribution partners, with a commitment to helping customers achieve their business and environmental goals with healthy, safe, and sustainable solutions that reduce their carbon footprint and enhance business performance.
Orion is committed to operating responsibly throughout all areas of our organization. Learn more about our sustainability and governance priorities, goals and progress here, or visit our website at www.orionlighting.com.
Safe Harbor Statement
Certain matters discussed in this press release, are “forward-looking statements” intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements may generally be identified as such because the context of such statements will include words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would” or words of similar import. Similarly, statements that describe our future plans, objectives or goals, including business relationships with government customers, are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties that could cause results to differ materially from those expected including, but not limited to, the risks described in our filings with the Securities and Exchange Commission.
Shareholders, potential investors and other readers are urged to consider risks and uncertainties carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are made only as of the date of this press release and we undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. More detailed information about factors that may affect our performance may be found in our filings with the Securities and Exchange Commission, which are available at http://www.sec.gov or at http://investor.oriones.com/ in the Investor Relations section of our Website. Except as required by applicable law, we assume no obligation to update any forward-looking statements publicly or to update the reasons why actual results could differ materially from those anticipated in any forward-looking statements, even if new information becomes available in the future.
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| Investor Relations Contacts | |
| Per Brodin, CFO | William Jones; David Collins |
| Orion Energy Systems, Inc. | Catalyst IR |
| pbrodin@oesx.com | (212) 924-9800 or OESX@catalyst-ir.com |
FAQ
What is the significance of the federal NEVI guidance for Orion Energy Systems (NASDAQ: OESX)?
How much NEVI funding remains available for EV charging infrastructure projects?
What major EV charging project is Orion/Voltrek currently working on?
How will the Department of Transportation's NEVI guidance affect Orion's business?
What is the size of the Boston Public Schools' electrification initiative?
