Microgrids are Becoming the Most Sought After Solution to Energy Problems

PALM BEACH, Florida, Feb. 4, 2020 /PRNewswire/ -- We're seeing a groundswell of interest for microgrids. All thanks to demand for resiliency, and far better energy security at all times. Just over the last few days, Xcel Energy for example is seeking approval to move forward with microgrids at the Denver International Airport Automated Guideway Transit System; National Western Center; Denver Rescue Mission's Lawrence Street Community Center; City of Arvada Center for the Arts and Humanities; Town of Nederland Community Center; Summit County Middle School; and Alamosa Family Recreation Center, as reported by Microgrid Knowledge. The Rhode Island Progressive Democrats have launched a project could make sure the city of Cranston, Rhode Island achieves 100% renewable energy by 2030 using a series of solar and wind microgrids, a central microgrid, a virtual power plant (VPP) and a municipal utility. Better, the California Independent System Operator (CAISO) believes they'll see planned microgrids and resiliency projects built before the next wildfire season.  News like that is creating sizable, exciting opportunity for top companies like CleanSpark, Inc. (NASDAQ:CLSK), General Electric Company (NYSE:GE), Eaton Corporation PLC (NYSE:ETN), Home Depot Inc. (NYSE:HD), and Walmart Inc. (NYSE:WMT).

CleanSpark, Inc. (NASDAQ:CLSK) BREAKING NEWS: CleanSpark, Inc., a software company with advanced engineering, software and controls for innovative microgrid and distributed energy resource management systems today announced that it has secured a $1.6 million order for its intelligent automatic transfer switch (ATS) switchgear. The Company's intelligent ATS switchgear is used to automatically transfer power supply from a primary source to a backup source when it senses a failure or outage in the primary source, thus assuring uninterrupted power. It also allows an end user with excess energy generation the opportunity to participate in regional energy markets when it makes financial sense to sell surplus power back to the grid. The units are expected to be shipped over the next two fiscal quarters. "Our customer will pair our ATS units in a microgrid configuration to provide resilient microgrid power for shopping centers. This new order will provide increased exposure of our products to shopping centers in upcoming quarters and contribute to our strong revenue growth outlook. As grid related power outages become increasingly disruptive to business operations, we think the need for backup power sources will drive increased demand for our products." said Chairman of CleanSpark, Matthew Schultz.