On this edition of Thematic Signals, we chat with
* Mike Jenkins, CEO of Orion Energy (OESX), and
* Kathleen Connors, the head of electric-vehicle charging business Voltrek, which was acquired by Orion in October of last year.
This conversation builds on recent Signals that touched on lithium battery technology and the expected lithium shortage fueled by the rise of EVs but also growing power storage demands.
Founded in 1996, Orion boasts a "flexible manufacturing" approach for its lighting services and its growth into maintenance and now EV charging. Orion's core business is its light-emitting diode (LED) installation services, and during their chat, Jenkins shares how cost savings and carbon footprint concerns are driving that business. He also touched on antimicrobial lighting products and the lighting industry. In addition, Jenkins describes why Orion bought Voltrek.
Connors explains the tailwinds behind the EV charging business. While headlines focus on public funding that sees the buildout of EV charging in 2024 ramp considerably, Connors discusses how private funding is driving that market today. She describes the typical build-out for an EV charging project, and how Voltrek works with its various partners, including ChargePoint (CHPT). Finally, Conners shares which EV best replicates the combustion engine driving experience.
Please note that while we find the Orion Energy story very interesting from a thematic perspective, listeners should use this interview for informational purposes only. In no way does this conversation constitute investment advice of any kind. For more see the following disclosure: https://rb.gy/kvfisc. Listeners who want to learn more about Orion Energy can visit its Investor Relations website.
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Thematic Signals Vol. 7, #12