With investments in microgrids that can solve challenges associated with climate change induced disasters expected to rise, there are a few companies we're looking at
HENDERSON, NV / ACCESSWIRE / December 19, 2018 / Today we are highlighting: CleanSpark, Inc. (CLSK), Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI), Eaton Corporation plc (ETN), General Electric Company (GE), and Aurora Cannabis (ACB).
GTM Research forecasts $12.5 billion in microgrid investment within the United States over the next six years.
U.S. Microgrids 2017: Market Drivers, Analysis and Forecast identifies 3.2 GW of existing microgrid capacity growing to 6.5 GW by 2022.
GTM Research forecasts that generation procurement will account for 40% of the total microgrid investment during the period. Fuel-based generators represent nearly all generation to date, but renewables are expected to grow by more than tenfold (to 730 megawatts) to account for 26% of total microgrid capacity by 2020.
One company with a renewable microgrid solution that was recently ranked in the top ten by industry thought leader Navigant Research, CleanSpark, Inc. (CLSK) (Market Cap: $80.411M, Share Price: $2.20), could be an ideal way to capitalize on this growing market.
CLSK has a unique microgrid solution. Their mPulse software reduces the monthly electricity bill on facilities like indoor grow-houses by up to 82%! They do this by virtually eliminating the demand charges that can account for almost 50% of the utility charges for such a facility.
CLSK also just released an impressive letter to shareholders highlighting: an agreement for an $18.3 million 'Zero Net Energy' Microgrid with an S&P 500 Member Real Estate Investment Trust (REIT), near completion on a $900,000 contract to install a 'turn-key advanced microgrid system' at the U.S. Marine Corps Base Camp Pendleton, they have been awarded 2 patents, and they updated an acquisition that could be a huge boost to the company's year-end revenues.
CLSK's acquisition, Pioneer Custom Electrical Products, has delivered $32 million in products since 2016 and has $5 million in backlog. They have also received a $2.4 million equipment order as part of a contract for the new U.S. Embassy in Beirut, Lebanon which should end up on CLSK's balance sheet.
Companies like Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI) (Market Cap: $1.27B Share Price: $20.90) may be looking at companies like CLSK. HASI recently announced a public offering of 5,000,000 shares of common stock for total estimated gross proceeds of approximately $112 million before deducting estimated offering expenses payable by the company. The company has granted the underwriters a 30-day option to purchase up to 750,000 additional shares of common stock.
An international microgrid play, Eaton Corporation plc (ETN) (Market Cap: $29.853B, Share Price: $68.88), was engaged by PwrCor, Inc. to design and manufacture a key component of PwrCor's proprietary engine technology. The roll-out of the component is in pace with PwrCor's Q1 2019 commercialization program.
General Electric Company (GE) (Market Cap: $63.322B, Share Price: $7.28) announced that the Audit Committee of its Board of Directors will move forward with a tender process for the appointment as GE's independent audit firm. The effective date for the audit firm appointment following that process will be based on the progress toward completing the Company's previously announced portfolio actions. The Audit Committee has determined to reappoint KPMG LLP (KPMG) as GE's auditor for 2019.
CBD market leader, Aurora Cannabis, Inc. (ACB) (Market Cap: $5.546B, Share Price: $5.53), a Canadian marijuana producer was just selected to supply medical cannabis to Luxembourg. The decision by the Luxembourg Health Ministry helps Aurora expand its footprint in the European Union and comes more than a week after the company announced it completed the first shipment of medical marijuana to the Czech Republic.
This article was written by Regal Consulting, LLC ("Regal Consulting"). Regal Consulting has agreed to a three-month term consulting agreement with CLSK dated 9/12/18. The agreement calls for $10,000 in cash, and 30,000 restricted 144 shares of CLSK per month. CLSK has made an additional $12,000 for services provided in November. Regal is expecting to be compensated an additional $66,000 for services in December. Regal and CLSK have signed an amendment to extend the contract for twelve months starting 10/10/18, and increased the cash component to $20,000 per month. All payments were made directly by Clean Spark, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CLSK was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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