Orion Energy Systems Welcomes NEVI Grant Program Guidelines

Orion Energy Systems welcomes federal guidelines on the $5 billion National Electric Vehicle Infrastructure grant program, validating their existing quality standards for EV charging infrastructure. The program still has 84% of its funds unallocated, offering a significant market opportunity for Orion/Voltrek. The company is executing a major project to install 90 EV charging stations for Boston Public Schools, positioning them to capture substantial market share in the rapidly growing EV charging infrastructure market.

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 [1].

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 [1].

Orion/Voltrek is well-positioned to capitalize on the $4.2 billion in unallocated federal EV charging infrastructure funds through established quality standards. The federal government's new guidance for the $5 billion NEVI grant program represents a significant validation for Orion Energy Systems. The directive effectively endorses Orion/Voltrek's existing quality standards and best practices for EV charging infrastructure, positioning the company advantageously against competitors [1].

Most notably, 84% of the $5 billion in NEVI funding (approximately $4.2 billion) remains unallocated, creating a substantial market opportunity. The guidance's emphasis on state-level decision-making aligns perfectly with Voltrek's expanding geographic presence, potentially giving them an edge in securing contracts [1].

Orion/Voltrek's current deployment in the Boston Public School system demonstrates their implementation capabilities at scale. This project involves installing 90 EV charging stations as part of Boston's initiative to electrify 750 school buses—the largest school bus electrification program in the Northeast. This reference project likely strengthens their position when bidding for NEVI-funded contracts [1].

The timing is particularly advantageous as the EV charging infrastructure market accelerates. With federal validation of their standards and significant funding still available, Orion has potential to capture meaningful market share in this growing sector, diversifying beyond their traditional LED lighting business. Their combined installation and maintenance capabilities position them to benefit from both initial deployment and ongoing service revenue streams [1].

References
[1] https://www.stocktitan.net/news/OESX/orion-lauds-guidance-on-federal-national-electric-vehicle-cmbnj7x7hnyi.html