Microgrids are Now the Next Logical Solution for Power Grid Failures

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PALM BEACH, Florida, Feb. 6, 2020 /PRNewswire/ -- Traditional power grids are severely vulnerable to weather conditions, and even fires, as we saw in California. Every day, says Microgrid Knowledge, "somewhere in the U.S. power fails because of weather, accidents, equipment malfunctions or other causes. The costs of these outages vary based on their length and who they affect." Fires in California disrupted millions of people for days, in some instances. Business, schools, and hospitals were all impacted. The power issue has grown so severe that PG&E recently outlined its plans with the California Public Utilities Commission to set up 300 MW of temporary generation for the 2020 wildfire season, according to Utility Dive. Such news is creating sizable, exciting opportunity for top companies like CleanSpark, Inc. (NASDAQ:CLSK), General Electric Company (NYSE:GE), IBM (NYSE:IBM), Cognizant Technology Solutions Corp. (NASDAQ:CTSH), and Advanced Energy Industries Inc. (NASDAQ:AEIS).

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 it has completed the acquisition of all of the issued and outstanding shares of p2klabs, Inc. a design and innovation consulting firm that specializes in applying design, technology, and business process methodologies to create intuitive digital experiences and journeys that help transform and grow businesses. "This acquisition will enable CleanSpark to continue to accelerate the development and deployment of our software platforms and significantly expand our sales and marketing capabilities. This strategic move will bring significantly increased software revenues, and the integration of the talented p2k team will allow us to reduce our operating expenses. We have been working with p2klabs for the past several months and have been impressed with their capabilities. It was quickly apparent that an acquisition of p2k's technologies and team was the right move." said CEO of CleanSpark, Zach Bradford.