HOUSTON, Aug. 9, 2021 /PRNewswire/ -- Orbital Energy
Group, Inc. (NASDAQ: OEG) ("Orbital"), today announced that its
wholly-owned subsidiary, Orbital Solar Services ("OSS"), a leader
in utility-scale solar power generation facilities, has been
awarded an Engineering, Procurement, and Construction ("EPC")
contract (the "Contract") to construct a 132.2MWdc/100MWac solar
farm in the Southeastern United
States.
The Contract calls for OSS to design, engineer, and produce
a utility-scale solar array to be delivered in early 2022. Under
the Contract terms, OSS will provide full utility-scale EPC
services, including substation construction. The project will
consist of 350,000 solar panels installed across 800 acres of land
and will provide power for 20,000 homes per year.
OSS was selected based on its in-house engineering capabilities,
supply chain relationships and proven track record of having
executed more than 40 solar projects over 600 megawatts. OSS
is a well-recognized industry leader with over 50 years combined
experience in the delivery and management of both commercial and
renewable energy construction projects.
Brandon Martin, OSS's CEO,
stated, "This second project with an industry-leading, energy
company, evidences OSS's growing reputation for its technical
expertise and abilities in designing and building these large,
complex, utility-scale solar projects. We look forward to
commencing work on this project and continuing our relationship
with this large-scale energy producer."
"We are thrilled by this project award, showcasing Orbital's
ability to provide services that contribute to reducing our
nation's carbon footprint," said Jim
O'Neil, Orbital Energy Group's Vice-Chairman & CEO.
"This project and others like it serve to expand OSS's industry
relationships based on a solid record of achievement, and the
expertise to provide end-to-end solutions. By expanding
relationships, as we have with this customer, we are positioning
OEG and OSS to increase their presence in the renewable and
alternative energy marketplace during the balance of 2021 and
beyond."
About Orbital Energy Group
Orbital Energy Group, Inc. [Nasdaq: OEG] is creating a
diversified energy services platform through the acquisition and
development of innovative companies. Orbital Energy's group of
businesses includes Orbital Power Services, Orbital Solar Services,
Orbital Telecom Services and Orbital Gas Systems.
Orbital Power Services provides engineering, construction,
maintenance and emergency response solutions to the power,
utilities and midstream markets.
Orbital Solar Services provides engineering, procurement and
construction ("EPC") expertise in the renewable energy industry and
established relationships with solar developers and panel
manufacturers in the utility scale solar market.
Orbital Telecom Services, operating as Gibson Technical
Services, has nationwide locations equipped to effectively support
multi-vendor OEM technology environments and outside plant
construction operations on an as-needed basis with specialized
services in broadband, wireless, outside plant and building
technologies, including healthcare.
Orbital Gas Systems is a 30-year leader in innovative gas
solutions, serving the energy, power and processing markets through
the design, installation and commissioning of industrial gas
sampling, measurement and delivery systems.
As a publicly traded company, Orbital Energy is dedicated to
maximizing shareholder value. But most important, our commitment to
conduct business with a high level of integrity, respect, and
philanthropic dedication allows the organization to make a
difference in the lives of their customers, employees, investors
and global community.
For more information please
visit: www.orbitalenergygroup.com
Important Cautions Regarding Forward Looking
Statements
This document contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended.
Such statements are subject to risks and uncertainties that could
cause actual results to vary materially from those projected in the
forward-looking statements. The Company may experience significant
fluctuations in future operating results due to a number of
economic, competitive, and other factors, including, among other
things, our reliance on third-party manufacturers and suppliers,
government agency budgetary and political constraints, new or
increased competition, changes in market demand, and the
performance or reliability of our products. These factors and
others could cause operating results to vary significantly from
those in prior periods, and those projected in forward-looking
statements. Additional information regarding these and other
factors, which could materially affect the Company and its
operations, are included in certain forms the Company has filed
with the Securities and Exchange Commission.
Investor Relations:
KCSA Strategic Communications
David Hanover
T: 212-896-1220
orbital@kcsa.com
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SOURCE Orbital Energy Group, Inc.