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NEW JERSEY, 17 July 2023: Pioneer Power Solutions Inc, a renowned leader in electrical power systems, distributed energy resources, power generation equipment, and mobile electric vehicle (EV) charging solutions, has announced winning approximately USD 6.2m in E-Bloc orders during the second quarter. These orders come from new customers seeking innovative solutions for various applications.
One notable customer, a global aerospace products and services manufacturer, has chosen Pioneer Power’s customized E-Bloc solution for its services and maintenance facility in the Southeastern United States. This solution enables the incorporation of backup power sources, such as solar energy, to support the customer’s premium facility.
Furthermore, three solar-centric developers have also selected the E-Bloc solution to fulfill their needs. The applications range from pure microgrids to utilizing additional solar power for EV charging.
Nathan Mazurek, Chairman and CEO of Pioneer Power expressed enthusiasm about the expanding customer base for the versatile and highly customizable E-Bloc solution. He emphasized the ability of E-Bloc’s modular design to address unique challenges and energy requirements of customers quickly. The solution’s design enables seamless control of multiple power sources, including green energy. Mazurek also highlighted that these wins, secured in the second quarter, align with their expectations of continued revenue growth throughout 2023 and 2024, reflecting strong and consistent demand, particularly from solar customers.
Pioneer Power Solutions cater to utility, industrial, and commercial markets, addressing diverse applications and by securing USD 6.2m in E-Bloc orders from new customers, the company demonstrates its ability to meet evolving needs in the EV charging and microgrid sectors. It’s commitment to innovative and customizable solutions positions it as a key player in the dynamic energy landscape.
As Pioneer Power continues to drive advancements in the industry, its revenue growth is expected to remain strong, supported by a steady demand for its offerings, particularly from solar-focused customers.
