Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Stardust Solar Energy Inc. (TSXV: SUN) ("Stardust Solar" or the "Company"), is pleased to report growth in its project backlog, with over $2 million in signed contracts for solar and energy storage installations set to commence in the spring of 2025 across its franchise network. Management believes that the Company is on track for a strong year in 2025 in which the Company expects to further expand its market presence.
"Our team is off to a great start in 2025, with strong project momentum that reflects both the growing demand for solar energy and the trust our clients place in us," said Mark Tadros, Founder and CEO of Stardust Solar. "With over $2 million in signed contracts across our franchise network and projects set to kick off this spring, we are excited for what is shaping up to be a strong year. We believe that the growth of our franchise network, coupled with strong industry demand, sets us up for continued success and increased market penetration across North America."
Backlog and Project Activity
Stardust Solar's backlog spans its extensive franchise network and includes a range of projects, from residential solar installations to commercial energy storage systems. Management believes that the Company's ability to secure this substantial backlog reflects its leadership in the clean energy sector and its franchise operators' trust in delivering high-quality solar solutions. With projects set to begin in the spring, Stardust Solar believes that it is positioned to continue its growth trajectory throughout 2025.
In 2024, the Company installed 1,200 kilowatts of solar capacity and 189 kilowatt-hours of energy storage, demonstrating strong operational efficiency. The current backlog is expected to ensure strong project activity in the coming months, contributing to a positive outlook for the year.
Expanding Franchise Network and U.S. Market Presence
Stardust Solar also remains focused on expanding its franchise network, with plans to surpass 100 franchise territories by the end of 2025. Strong demand for solar energy, strategic acquisitions, and favorable government incentives support the Company's expected expansion plans. The Company's growing presence in Canada and the United States positions it to continue leading the charge in renewable energy solutions across North America.
About Stardust Solar Energy Inc.
Stardust Solar is a North American franchisor of renewable energy installation services, offering solar panels (PV), energy storage systems, and electric vehicle supply equipment. The Company provides clean energy solutions for residential, commercial, and industrial customers through its expansive network of franchise operators. Stardust Solar supports its franchisees with a comprehensive suite of services, including marketing, sales, engineering, and project management, to ensure the successful delivery of renewable energy projects.
Media and Investor Contacts:
Mark Tadros
Chief Executive Officer, Chairman and Director
Email: investors@stardustsolar.com
Website: www.stardustsolar.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange Inc. has neither approved nor disapproved the contents of this press release.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements relating to the Company's business plans and expected future growth, the Company expansion into the U.S. market, the expected growth of the solar industry and the expected demand for the Company's services. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of various factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention. It assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
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SOURCE: Stardust Solar Energy Inc.
