Orion Rolls Out On-Site Battery Energy Storage System for Industrial, Commercial and Public Sectors; First Three of Ten Deployments Underway in California
Rhea-AI Summary
Orion (NASDAQ: OESX) introduced a localized battery energy storage system (BESS) for industrial, commercial and public facilities on Feb. 25, 2026. Initial deployments begin this fiscal quarter with the first three of a planned 10-site rollout in California.
The BESS stores solar energy for use at night or on demand, supports EV charging, offers bi-directional grid connectivity and a controller for battery management, and is described as certified, configurable and easily integrated to improve resiliency, grid services and cost efficiency.
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News Market Reaction – OESX
On the day this news was published, OESX gained 0.17%, reflecting a mild positive market reaction. This price movement added approximately $78K to the company's valuation, bringing the market cap to $46M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
OESX gained 4.76% while peers were mixed: FLUX +19.29%, IPWR +7.58%, EPOW +1.57%, APWC +0.75%, and CCTG -3.58%. Only one peer appeared in the momentum scanner, indicating a stock-specific move rather than a broad sector rotation.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 18 | Conference appearance | Neutral | +0.2% | Announcement of virtual presentation at Emerging Growth Conference with live Q&A. |
| Feb 17 | Contract win | Positive | -0.9% | $3.1M electrical contracting engagement as follow-on to prior $11M initiative. |
| Feb 05 | Earnings update | Positive | -4.8% | Q3 FY2026 revenue growth to $21.1M with positive operating income and guidance. |
| Feb 03 | EV project award | Positive | -3.2% | $4.0M project for 105 DC fast EV chargers for Boston Public Schools. |
| Jan 30 | Equity offering | Negative | -17.4% | Public offering of 500,000 shares at $14.00 per share for ~$7.0M gross proceeds. |
Recent positive business updates and contracts often saw negative or muted next‑day reactions, especially compared with the larger selloff on the late‑January equity offering.
Over the past month, Orion has combined capital raising with improving fundamentals and expanding project wins. A late‑January equity offering at $14.00 per share with 500,000 shares priced led to a -17.43% reaction. Subsequent news highlighted new EV charging contracts, better Q3 FY2026 results with revenue of $21.1M, and follow‑on infrastructure work for large customers, yet price reactions ranged from slightly positive to clearly negative. Today’s battery energy storage system launch fits the narrative of broadening clean‑energy solutions beyond lighting and EV charging.
Market Pulse Summary
This announcement introduces a localized battery energy storage system that lets facilities use stored solar energy for operations and EV charging, starting with 3 of a planned 10 California sites. It extends Orion’s role from lighting and EV infrastructure into onsite energy management and grid resiliency. In recent months the company reported Q3 revenue of $21.1M, new multi‑year contracts, and an equity offering, so investors may watch how BESS deployments contribute to growth alongside existing EV and maintenance businesses.
Key Terms
battery energy storage system technical
bess technical
ev charging stations technical
bi-directional connectivity technical
AI-generated analysis. Not financial advice.
MANITOWOC, Wis., Feb. 25, 2026 (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 announced the introduction of a localized battery energy storage system that enables facilities to minimize cost and maximize efficiency by drawing on stored solar energy.
Inaugural battery energy storage system (BESS) deployments are commencing in Orion’s current fiscal quarter at the first three sites of a 10-site deployment in California, the company said.
The deployments feature rechargeable batteries to store the energy the facility’s solar panels accumulate during the day for use either at night or whenever it is needed. These facilities can draw down the stored energy to power administrative, industrial or business administrative activities, as well as EV charging and other functions.
The system delivers flexibility to individual facilities as they adjust in real time to smooth out generation variabilities. The solution’s bi-directional connectivity capability allows the facility to operate either on or off the grid, while a controller allows optimal battery management and power conversion.
The battery energy storage system enables significant and measurable cost savings as it serves to improve grid services, resiliency and decarbonization. The certified, compliant and configurable solution is easily integrated in many facilities.
Orion Chief Executive Officer Sally Washlow said that the roll-out of the battery energy storage system is in response to increasing customer demand.
“Whether they are the world’s leading automakers, Fortune 500 retailers or major-metro public school districts, our customers consistently ask our team to empower them with onsite management of their facilities’ energy usage,” said Ms. Washlow. “Battery energy storage systems provide that capability. Facilities managers can run on solar when the sun is out and on stored energy when it’s not. They can calibrate at will and make a shift-in-mix on the fly while realizing significant cost savings.”
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.
Engage with Us
X: @OrionLighting and @OrionLightingIR
StockTwits: @OESX_IR
| Investor Relations Contacts | |
| Per Brodin, CFO | Robert Ferri |
| Orion Energy Systems, Inc. pbrodin@oesx.com | Robert Ferri Partners (415) 575-1589 ir@oesx.com |
FAQ
What did Orion (OESX) announce on Feb. 25, 2026 about battery energy storage deployments?
How does Orion's BESS for OESX customers work and who can use it?
When will the first Orion (OESX) battery systems be operational in California?
What benefits does Orion (OESX) claim its BESS provides to facility operators?
Can Orion's (OESX) battery systems operate off-grid and how is energy managed?
