Contracts with existing industrial customer expand backlog by 6MW

iSun, Inc. (NASDAQ: ISUN) (the "Company," or "iSun"), a leading solar energy and clean mobility infrastructure company with 50-years of experience accelerating the adoption of innovative electrical technologies, today announced that it had secured two contracts covering 6.0 MW and valued at $4.9 million in Maine, with a single developer, to provide expanded solar energy capabilities at two industrial sites.

HIGHLIGHTS:

  • 6.0 MW in contracts enlarges iSun’s already active and completed portfolio of projects in the Maine market
  • $4.9 million in new project contracts highlights iSun’s momentum in deepening existing customer relationships in 2023
  • Projects scheduled to begin in spring 2023 and are expected to be completed in early 2024

“We are pleased with our success in winning more solar energy contracts in the significant Maine market, building upon our success there in 2022. These new projects reflect the strengthening of our collaborative relationship with a leading developer, and we plan to begin implementing these projects this spring,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “In 2023, we are focused on execution and efficiency, and we intend to work diligently to continue to earn the confidence of our existing customers so that we can help them achieve their goals in alternative energy initiatives. This award demonstrates yet again our strong commitment to accelerating the transition to solar energy for customers in New England.”

About iSun Inc.

Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted service provider to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 600 megawatts of solar systems. The Company currently provides a comprehensive suite of solar services across residential, commercial, industrial & municipal, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.

Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.

All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.

iSun Investor Relations IR: IR@isunenergy.com

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