The Future of Energy: Continued Growth in Energy Solutions Software and Technology
Point Roberts, Washington and Delta, British Columbia--(Newsfile Corp. - June 5, 2019) - Investorideas.com, one of the first investor news resources covering renewable energy stocks releases a snapshot featuring CleanSpark, Inc. (OTCQB: CLSK), reporting on the continued sales growth seen for energy software solutions companies as the technology becomes more widely available and easier to adopt.
In a recent report from Global Industry Journal, The Global Carbon and Energy Software Market Research Report 2019, "The global Carbon and Energy Software market has been growing with steady revenue outcomes for the last decade, however it is anticipated to develop more vigorously in the forecast period as rapidly elevating Carbon and Energy Software demand, raw material affluence, stable financial structure, technological advancements, favorable trade policies, and product awareness are boosting growth in the Carbon and Energy Software market. Also, the market has the potential to become one of the most remunerative industries that are consequently influencing global revenue generation and economic structure."
Click the attached link to Obtain complete insights into the Global Carbon and Energy Software Market Study.
CleanSpark, Inc. (OTCQB: CLSK), a microgrid and custom electrical equipment company with advanced engineering, software and controls for innovative distributed energy resource management systems, recently announced record equipment sales and shipments for the month of May.
Equipment sales for the month of May were more than $1 million, as compared with equipment sales of $431,000 during the first three months of 2019. In total, equipment sales for the quarter ending June 30, 2019 are projected to exceed $1.5 million. Equipment Sales for CleanSpark's fiscal year are on track to exceed prior estimates of $4 million.
CleanSpark's contracted backlog for equipment has also increased to $6.1 million, an increase of over $2 million since March 31, 2019.
"Continued demand for our sophisticated DER management systems continues to increase, and we are rapidly increasing our backlog and accelerating the conversion of backlog into revenue," commented CEO of CleanSpark, Matthew Schultz. "While the timing of shipments and other factors beyond our control will continue to cause quarter-to-quarter variability in our revenue, the overall trajectory is accelerating in an encouraging manner."
It is expected we will continue to see growth in sales and acquisitions in the energy software solutions sector throughout 2019 as the cost of oil and gas and the demand for energy efficient solutions becomes paramount for both large and small scale company success.
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