Orbital Energy Group, Inc. has announced that its wholly owned transmission and distribution (T&D) division, Orbital Power Services, has signed a Master Services Agreement (MSA) with a midwestern investor-owned utility. The MSA is expected to generate significant recurring monthly revenues beginning in the fourth quarter of 2020 and increase the T&D division’s revenues by approximately 30% on an annualised basis.
The agreement aligns with Orbital’s long-term strategy to create a full-service energy infrastructure provider by enabling Orbital to deliver distribution services and personnel to this midwestern utility. As part of the selection process, the customer considered Orbital Power Services’ technical and support capabilities, along with its proven safety record in providing electric infrastructure services.
Nicholas Clough, Orbital Energy Group’s Operations Director, states, “This MSA, together with our other growth initiatives, evidences the rationale in creating a new T&D division earlier this year. We are very pleased Orbital is being included in this utility’s long-term development and maintenance plans. We are well positioned to meet and exceed this customer’s expectations as well as leverage this relationship to further grow Orbital Power Services.”
“Being awarded this MSA by a well-respected midwestern utility demonstrates the value of our power services subsidiary and showcases Orbital’s ability to provide an efficient, broad scope of energy infrastructure services,” says Jim O’Neil, Orbital Energy Group’s Vice-Chairman & CEO. “Orbital Power Services has consistently demonstrated its excellence and technical know-how in this sector. Our track record of achievement, safety, and best-in-class service has enabled us to develop these relationships. We are looking forward to enhancing our partnerships and our presence in the T&D marketplace in 2020 and beyond.”
