Orion Energy Systems Completes Initial Sale of CO2 Credits
February 2008 - Orion Energy Systems, Inc. successfully completed a sale of 2000 tons of CO2 credits generated by a customer utilizing Orion's energy efficient lighting system. Orion replaced the customer's existing high intensity discharge fixtures with its patented high intensity fluorescent lighting system. Orion's energy efficient
lighting system reduced this customer's consumption of electricity by over 1.8 million kilowatt-hours per year, resulting in annual energy savings of approximately $100,000. Over a three-year period, CO2 emissions were reduced by 2000 tons, measured and verified, based on the reduction in electricity demand from this project.