This Diversified Energy Infrastructure Services Player Recently Reported Revenue of $82.9 Million For 2021 And Record Backlog Of $523.7 Million

Orbital Infrastructure Group, Inc. (NASDAQ: OIG) is a diversified infrastructure services company serving customers in the electric power, telecommunications, and renewable markets.

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    Orbital Infrastructure Group. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.

    Recent acquisitions have transformed the company into a full-service infrastructure provider and significantly enhanced its financial profile. Company guidance for 2022 is for preliminary  revenue of $375 to $425 million and Adjusted EBITDA of $38 to $43 million. While there are several reasons to be excited about growth in the Company’s Electric Power and Telecommunications business segments, we are going to focus on another of the Company’s key growth sectors, Renewables, and the rapidly growing demand for renewable energy sources.  Renewables are helping to preserve the environment while creating exciting new industries. If you want to get your investment portfolio involved in the green revolution, Orbital Infrastructure Group, Inc. (NASDAQ: OIG) is certainly a company to watch!
    As our dependence on oil has grown, so too has the urgent need for alternative energy sources, especially in our current climate with rising oil prices.

    And in the power sector, Renewables are changing the landscape , offering the benefit of lower carbon emissions and other types of pollution. 

    Renewable energy is booming. It has become increasingly cost-efficient and promises a cleaner energy future. 

    All of this directs the spotlight onto Orbital Infrastructure Group, Inc. (NASDAQ: OIG), a diversified infrastructure services company with a significant and growing presence in the renewable’s infrastructure market. 

    Solar energy is sustainable, renewable, cost-efficient and is good for the planet; reducing air pollution, water usage and dependency on nonrenewable energy sources.

    Renewable Energy Growth Drivers

    • Renewables are federal and state priorities
    • Requires incremental investment in transmission and substation infrastructure
    • U.S. EIA projects solar to account for 20% of US electricity by 2050 (3% today)
    "We are excited by the start of this project, showcasing Orbital's ability to provide services that contribute to reducing our nation's carbon footprint. This project and others like it serve to expand OSS's industry relationships based on a solid record of achievement, and the expertise to provide end-to-end solutions.”

    “By expanding relationships, as we have with Lightsource bp, we are positioning OIG/OSS to increase their presence in the renewable and alternative energy marketplace throughout 2022 and beyond. In addition, our partnership with industry-leading Jingoli Power expands both our bonding capacity and the service portfolio we can provide to our customers."

    - Jim O'Neil, Orbital Infrastructure Group's Vice-Chairman & CEO.

    With potential for robust growth in the renewable energy sector, now is an ideal time to be paying attention to Orbital Infrastructure Group, Inc. (NASDAQ: OIG).

    OIG reported total revenue of $82.9 million, compared to $21.5 million in 2020. Electric Power revenue for the year was $43.6 million, compared to $8.5 million in 2020. The Company said the increase was primarily due to organic growth in Orbital Power Inc. and the acquisition of Front Line Power in November 2021. 

    MORE REASONS TO HAVE OIG ON YOUR RADAR:
    • The company’s recent acquisition of Front Line Power Construction LLC adds significant scale to OIG. Furthermore, approximately 90% of FLP's revenues are under multi-year agreements with electric utility and telecommunication customers providing an attractive recurring revenue base and exposure to large secular growth markets.
    • In 2020, annual renewable capacity additions increased 45% to almost 280 GW, the highest year-on-year increase since 1999. Exceptionally high-capacity additions have become the “new normal” in 2021 and 2022, with renewables accounting for 90% of new power capacity expansion globally.
    • According to Allied Market Research, the global renewable energy market was valued at $881.7 billion in 2020 and is projected to reach $1,977.6 billion by 2030, growing at a CAGR of 8.4% from 2021 to 2030. 
    • The global solar energy market was valued at $52.5 billion in 2018 and is projected to reach $223.3 billion by 2026, growing at a CAGR of 20.5% from 2019 to 2026.
    Keep on reading to discover why Orbital Infrastructure Group, Inc. (NASDAQ: OIG) is positioned to be one of the most interesting renewable energy infrastructure players to have your eyes on in 2022!

    Greetings Investors,

    It is undeniable that we are in a global climate crisis; a time where gas and oil prices are skyrocketing to unimaginable heights and the need for renewable energy is at an all-time high. 

    In the United States, most of our electricity comes from natural gas, coal, and nuclear. Producing energy from these resources takes a severe toll on our environment, polluting our air, land, and water.

    This brings our attention to renewable energy sources that could help protect the planet while simultaneously being more cost-efficient over the long-term. It is possible to make electricity from renewable energy sources without producing CO2, the leading cause of global climate change.

    So, what is renewable energy

    Renewable energy is derived from natural resources that replenish themselves over a period of time without depleting the Earth’s resources. Energy from the sun, wind, and thermal energy stored in the Earth’s crust are good examples. 

    The future of renewable energy is exciting and has the potential to be extremely profitable. In fact, U.S. consumption of renewables is expected to grow over the next 30 years at an average annual rate of 2.4 percent, higher than the overall growth rate in energy consumption. 

    Solar Energy: Solar power is a great, sustainable alternative to fossil-fuel energy. 

    Some other benefits include: it can be used to heat water, power homes and buildings, power cars, it is pollution free, and has a high return on investment over time!

    All of this points to Orbital Infrastructure Group, Inc. (NASDAQ: OIG), a leader in the renewable energy infrastructure services industry that could be just beginning its growth story on the NASDAQ!

    ABOUT THE COMPANY

    Orbital Infrastructure Group, Inc. (NASDAQ: OIG) is a diversified infrastructure services company serving customers in the electric power, telecommunications, and renewable markets.

    Orbital Infrastructure Group, Inc. provides engineering, procurement, and construction services that support the development of renewable energy generation focused on utility-scale solar construction. 

    The Company’s other two business segments, Electric Power and Telecommunications,  provide services to the electric transmission and substation, industrial, communication towers, and disaster restoration market sectors. 

    The company was founded in 1998 and is headquartered in Houston, Texas.

    COMPANY HIGHLIGHTS

    Powering Electric Utilities

    Orbital Power Inc. is an emerging leader in the electrical utility sector providing services for construction and maintenance of high voltage transmission, substation, distribution, and storm response. Orbital Power Inc. provides turnkey services including project management support, material procurement and management, quality assurance/quality control, and project closeout to satisfy all construction and maintenance needs for on time completions as well as safe and reliable performance. Safety is a core value that serves as an integral part of their everyday operations and performance. 

    Based in Dallas, Texas, Orbital Power Inc. is an essential provider in the power and utilities industry with more than 50 years of in-field experience.

    Renewable Energy Construction Experts

    Orbital Solar Services, currently headquartered in North Carolina, has a solid track record of supporting private, local, and federal projects.

    The company’s specialty is the delivery and management of renewable energy construction projects. With a strong focus on solar farms, they have considerable expertise in renewable energy project delivery along with site preparation and public utility construction.

    They prioritize proper planning and execution. From construction to risk mitigation and schedule management, they take a hands-on approach - offering a detailed and comprehensive project plan, customized to clients’ individual objectives.

    Orbital Telecom Services, headquartered north of Atlanta, has nationwide locations equipped to effectively support multi-vendor OEM technology environments and outside plant construction operations on an as-needed basis. Each of these branches maintain field installation and testing equipment relevant to support both wired and wireless networks.

    Via GTS, an Orbital Telecom company, its four divisions specialize in broadband, wireless, outside plant and building technologies, including healthcare. 

    Recent Milestones:

    Orbital Infrastructure Group Announces Appointment of The Honorable La Doris Harris, as Chief Diversity Officer and Chief Executive Officer of Orbital Solar Services - Orbital Infrastructure Group, Inc. (NASDAQ: OIG) today announced the appointment of The Honorable La Doris Harris as the Company’s Chief Diversity Officer and Chief Executive Officer (CEO) for its subsidiary, Orbital Solar Services effective October 1, 2021.

    LEADERSHIP TEAM

    JAMES F. O'NEIL III

    Chief Executive Officer, Vice Chairman of the Board of Directors, and Director of Orbital Infrastructure Group, Inc., and Subsidiaries


    Jim O'Neil, a veteran executive of the power industry, earned a B.S. in Civil Engineering from Tulane University in 1980. Mr. O’Neil joined Quanta Services, Inc. in 1999 as Vice President of Operations Integration and in 2002 advanced to Senior Vice President of Operations Integration & Audit. He continued to advance to Chief Operating Officer from October 2008 to 2011, then as the Chief Executive Officer from May 19, 2011 to March 14, 2016 and President from October 2008 to March 14, 2016. Throughout his tenure at Quanta, he was responsible for various initiatives including the company’s growth strategy, internal audit, and merger and acquisition initiatives. During 2020, Mr. O’Neil led the acquisition of Reach Construction Group by Orbital Infrastructure Group, Inc. He currently serves on the board of Hennessy Capital Acquisition Corp. IV (Independent Director since February 2019), FirstEnergy Corp. (Independent Director since 2017) and NRC Group Holdings Corp. (NYSE American: NRCG) (director since 2017). From 1980 to 1999, Mr. O'Neil held various positions with Halliburton Company, lastly as Director, Global Deepwater Development.

    WILLIAM J. CLOUGH, ESQ.

    Executive Chairman, Director and General Counsel of Orbital Infrastructure Group, Inc., and Subsidiaries


    William Clough has served on the board of directors since 2006. During his tenure, he has led several strategic initiatives, including the Company’s acquisition of Orbital Gas Systems Limited and the Company’s natural gas technology line; the opening of Orbital Gas Systems, North America, Inc.; in addition, Mr. Clough steered the Company through its 2012, 2013, and 2017 equity raises and its listing on the Nasdaq Capital Market in 2012. During 2020, Mr. Clough assisted in the acquisition of Reach Construction Group. Before joining the Company, Clough, an attorney, operated his own law firm for 14 years, with offices in Los Angeles, San Francisco and Honolulu. In that capacity, he successfully represented leading movie studios and media conglomerates. Mr. Clough received his Juris Doctorate, cum laude, from Hastings College of the Law in 1990. He obtained one of the largest ever non-wrongful death jury verdicts in Los Angeles County Superior Court in 2000 and successfully represented parties in multi-million-dollar cases throughout the United States. Mr. Clough is certified to practice law in state and federal courts in California, Illinois, Hawaii, and before the United States Supreme Court. 

    NICK GRINDSTAFF

    Chief Financial Officer and Chief Operational Officer of Orbital Infrastructure Group, Inc., and Subsidiaries

    Nick Grindstaff has more than 20 years of experience in the infrastructure services industry. Most recently, he served as Vice President – Finance and Treasurer at Quanta Services, a leading international provider of specialty contracting services. 

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    Orbital Infrastructure Group. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.

    THE BOTTOM LINE

    Orbital Infrastructure Group, Inc. (NASDAQ: OIG)  is creating a diversified services platform through the acquisition and development of innovative companies. OIG’s group of businesses include Orbital Power Services, Orbital Solar Services, and Orbital Telecom Services.

    The company’s recent acquisition of Front Line Power Construction LLC, a Houston-based full-service electrical infrastructure service company, puts OIG in a strong position to continue to grow and service new customers. 

    Recent acquisitions have transformed the company into a full-service infrastructure provider and significantly enhanced its financial profile. Company guidance for 2022 is for preliminary  revenue of $375 to $425 million and Adjusted EBITDA of $38 to $43 million.

    With the demand for renewables growing globally, OIG is well positioned to be the infrastructure services provider of choice for the industry. This driving force is why you should have OIG at the top of your watch-list!

    Start Your Research Today!

    Orbital Infrastructure Group. is a client of Tradigital IR, an investor relations and communications firm. Please see our disclosures in the research report as well as on our website www.Tradigitalir.com.

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