HENDERSON, NV / ACCESSWIRE / January 8 , 2019 / Energy Select Sector SPDR ETF that holds the 30 top energy companies - slumped 20% last year. While a short-term slump could happen, the longer-term outlook is much brighter as global energy demand is expected to expand another 25% by 2040. While traditional energy plays are certainly interesting, we like microgrid cos, as companies will look to save money on energy with the increased demand.
One microgrid company we really like, Clean Spark, Inc. (CLSK), has one of the top microgrid systems in the entire world, currently working with NYSE company MAC on a potential $18 million project. It also has the best in class microgrid solution for the cannabis industry giving it exposure to another explosive industry. If you are just learning about CLSK start your due diligence immediately because when the street finds out about the company it could trend much higher.
Today we are highlighting: CleanSpark, Inc. (CLSK), Enterprise Product Partners L.P. (EPD), Brookfield Infrastructure Partners L.P. (BIP), TerraForm Power, Inc. (TERP), and Northern Oil & Gas, Inc. (NYSE American: NOG).
The $3.5bn cannabis industry is one of the nation's most energy intensive, often demanding 24-hour indoor lighting rigs, heating, ventilation and air-conditioning systems at multiplying grow sites. Legal cannabis cultivation in the U.S. consumes an estimated 1.1 terawatt-hours of electricity a year, according to the 2018 Cannabis Energy Report, published by Scale Microgrid Solutions along with New Frontier Data and the Resource Innovation Institute. Companies managing these solutions are great ways to diversify your cannabis industry risk.
Indoor growers are looking to cut spiraling electricity consumption with custom-built microgrids in U.S. states where cannabis cultivation is legal.
A company that seems to be in the right place at the right time to capitalize on this huge market inefficiency is CleanSpark, Inc. (CLSK) (Market Cap: $84.371M, Share Price: $2.31).
CLSK has a unique microgrid solution for the cannabis industry. Their mPulse software reduces the monthly electricity bill of 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.
Pressure is mounting on the cannabis industry to improve its margins after a lackluster 3rd quarter, companies like CLSK can help do just that.
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.
A more traditional energy play, Enterprise Product Partners, L.P. (EPD) (Market Cap: $59.16B, Share Price: $27.12), announced that Murray E. Brasseux and John R. Rutherford have been elected members of the board of directors of its general partner, Enterprise Products Holdings LLC, effective today. Each of Mr. Brasseux and Mr. Rutherford has also been appointed to serve on the board's Audit and Conflicts Committee.
Brookfield Infrastructure Partners L.P. (BIP) (Market Cap: $14.709B, Share Price: $36.77), distribution has increased by 700%, and investors have enjoyed 389% in total returns since the company went public.
TerraForm Power, Inc. (TERP) (Market Cap: $2.353B, Share Price: $11.25) operates facilities that generate wind and solar power across North and South America, as well as Europe. The company sells about 96% of its power under long-term contracts or through a regulated pricing framework that locks in predictable rates, generating very stable cash flow.
Near the end of 2018, Northern Oil & Gas, Inc. (NOG) (Market Cap: $1.035B, Share Price: $2.75), announced their 3rd quarter results including third-quarter production averaged 26,708 Barrel of Oil Equivalent (BOE) per day, an increase of 74% year-over-year and 27% sequentially. Increasing fourth quarter production guidance to a range of 35,000 - 36,000 BOE per day, an increase of over 100% year-over-year and 30% sequentially.
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. 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. CLSK has paid an additional $12,000 for services provided in November. CLSK has paid an additional $18,000 for services provided in December and Regal is expecting to be compensated an additional $70,000 for services in December. 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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