HENDERSON, NV / ACCESSWIRE / December 19, 2018 / Microgrids are one of the best solutions we have for the energy challenges that come along with natural disasters. With climate change increasing the frequency of these disasters, microgrids will be increasingly sought after by organizations that cannot afford to lose power.
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 percent 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 percent 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: $80.41M 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.
Exelon Corporation (EXC) (Market Cap: $44.28B Share Price: $45.80) utilities had a strong showing in this year's Grid Modernization Index (GMI), available at www.gridwise.org. Illinois, Maryland and the District of Columbia scored in the top 10 and all states served by Exelon's utilities - Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco - are in the top 25 in the report.
Siemens (SIEGY) (Market Cap: $93.19B Share Price: $56.88) and Alstom have offered to sell either one of their high-speed train technology to address EU antitrust concerns about their plan to create a Franco-German rail champion, people familiar with the matter said on Monday.
Tesla, Inc. (TSLA) (Market Cap: $57.87B Share Price: $337.03) another avid microgrid company's CEO Elon Musk made a brief public appearance recently to unveil the first tunnel completed by the underground transit venture he launched two years ago as an ambitious remedy to Los Angeles' infamously heavy traffic.
SunPower Corporation (SPWR) (Market Cap: $826.16M Share Price: $5.87) a solar microgrid play, saw a third quarter showing installations of new solar power capacity in the United States had slowed down to its weakest rate since the year 2015 as Trump administration has put tariffs on imported panels.
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 paid 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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