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Stock impact report

Orion Rolls Out On-Site Battery Energy Storage System for Industrial, Commercial and Public Sectors; First Three of Ten Deployments Underway in California [Yahoo! Finance]

Orion Energy Systems, Inc. (OESX) 
NASDAQ:AMEX Investor Relations: investor.oriones.com/investor-relations
Company Research Source: Yahoo! Finance
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 Show less Read more
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