With increased pressure on power grids, microgrids are taking center stage. After all, utilities are realizing they can’t guarantee energy supply to customers. Plus, we’re seeing far more demand for microgrids thanks to power outages with wildfires, storms, earthquakes, and other disasters, like what we’re seeing in California with 130 degree heat, and blackouts. In addition, according to Google, “Demand is high for microgrid projects to serve homes, businesses, and industry in both rural and urban California, the company said. ‘The commercialization mandate is, in effect, a directive to catch up with an unmet need for microgrids.’” Even nations around the world are increasing their deployment of microgrid technology. In the U.S., for example, lawmakers are starting to incorporate microgrids into their climate strategies. As we see bigger demand for microgrids, some of the top companies to watch include CleanSpark, Inc. (NASDAQ:CLSK), Enphase Energy Inc. (NASDAQ:ENPH), Bloom Energy Corp. (NYSE:BE), Plug Power Inc. (NASDAQ:PLUG), and Tesla Inc. (NASDAQ:TSLA).
CleanSpark, Inc. (NASDAQ:CLSK) BREAKING NEWS: CleanSpark, Inc., a diversified software and services company and, International Land Alliance (OTCQB:ILAL), “ILAL” or “International” an international land investment and development firm based in San Diego, California, are pleased to announce project deployments to be executed as part their exclusive agreement. According to the latest agreement, CleanSpark will provide sustainable power solutions to ILAL’s portfolio of properties. Under this phase International has agreed that CleanSpark will provide microgrid power solutions to more than 400 unique residential resort properties.
The phase is expected to be executed as follows; CleanSpark will provide microgrid solutions which will deliver power to 252 fully ‘off-grid’ cabins in the exclusive Valle Divino development. CleanSpark will also provide sustainable power solutions to 152 luxury villas within the Plaza Bajamar project in conjunction with local grid power. It is anticipated that these projects will be deployed over the next 36 months as the residences are constructed.
In addition, CleanSpark will also provide microgrid power to all commercial facilities within both developments, including professional, retail and restaurant locations. The plans for these commercial locations are still under development and the companies will release additional information as construction timelines are released.
CleanSpark will continue to provide all energy project analysis, modeling, sizing, energy storage procurement and consulting for ILAL through each phase of development. Upon deployment, the microgrid installations will operate under a long-term software license agreement for CleanSpark’s patented mPulse controls platform.
The first energy systems deployed within the unique development will be located on two residential villas currently in the final stages of construction. Commissioning of these initial energy projects is expected to occur on or before September 30, 2020.
“This phase is a significant milestone under our exclusive agreement with ILAL. International has master-planned a beautiful project in Ensenada, Baja Mexico, located just 45 minutes south of San Diego, California. Our unique microgrid solution will provide Valle Divino with the otherwise unavailable energy infrastructure it needs in a cost-effective manner. This project will allow ILAL to continue to achieve their stated goal of providing affordable, sustainable living. These residential projects collectively represent significant revenue development for CleanSpark.” stated Zachary Bradford, the Company’s President and CEO.
Jason Sunstein, CFO of International Land Alliance said; “Developing luxury communities that are both affordable and sustainable is core to our business. With the lack of a predictable electric grid connection, these homes would potentially be years away from a reality, but with the CleanSpark partnership, our residents can begin to call Ensenada ‘home’ in the very near future. Not only will we realize a significant acceleration in our development schedule, but the resilient energy and cost-savings will provide even greater security and value to our homeowners. Due to boarder restricts being lifted, and as a result of the recent increased accessibility for people to acquire and reside in a secure, safe, desirable location sales have again begun accelerating.”
Other related developments from around the markets include:
Enphase Energy Inc. (NASDAQ:ENPH), a global energy technology company and the world’s leading supplier of solar microinverters, announced a strategic partnership with Sonnenstromfabrik (CS Wismar GmbH), one of Europe’s most modern, high-quality manufacturers of solar modules, to develop the first high-efficiency Enphase Energized™ AC module (ACM) for the European residential solar market. These ACMs are available in Germany, Belgium, France, and the Netherlands. The Excellent Glass/Glass PERC60 Enphase Energized ACM features Enphase IQ 7+™ microinverters with a 96.5% Euro efficiency and 295 volt-amperes (VA) peak power which optimizes the energy yield from the PERC60 ACM for all insolation levels. The ACM’s anti-reflective glass ensures outstanding performance with up to 5% more yield and optimum light output of the modules, even in low light conditions. In addition, the Glass/Glass technology offers exceptional resistance against fire, scratching and other environmental conditions, while the burst mode technology of Enphase IQ 7+ microinverters enhances the overall performance of the ACM.
Bloom Energy Corp. (NYSE:BE) announced financial results for the second quarter ended June 30, 2020. The Company has issued a shareholder letter discussing its second quarter 2020 financial results. Commenting on second quarter results, KR Sridhar, founder, chairman and CEO, Bloom Energy said, “Our business grew in Q2 2020 with acceptances increasing 19.5% sequentially from Q1 2020. Now, more than ever, it is apparent how vulnerable the entire economy is to disruptions that impact the production and distribution of goods and services. Our business has proven to be resilient and our products offer resilience. We remain focused on delivering reliable, localized power solutions to the world. We will continue the push to innovate and execute while reimagining future operating models that will sustainably power communities.”
Plug Power Inc. (NASDAQ:PLUG), a leading provider of zero emission hydrogen engines and fueling solutions enabling e-mobility, is providing UK-based supermarket Asda with hydrogen fuel cell solutions to power the lift truck fleet within the retail giant’s extensive supply chain network. Asda’s partnership with Plug Power includes a purchase order agreement for Plug Power’s full-service GenKey solution, beginning at the UK facility in Skelmersdale. The turnkey solution includes fuel cells, hydrogen fueling equipment, hydrogen and service. This new customer continues Plug Power’s growth in Europe and represents the first deployment at scale of hydrogen fuel cell technology for material handling within the United Kingdom. The effort reduces Asda’s reliance on traditional lead acid batteries for power in their material handling fleet and is part of a broader initiative designed to make the company’s operations more environmentally-friendly. “Each new opportunity to expand the adoption of hydrogen fuel cells is an important step to building the hydrogen economy,” said Andy Marsh, CEO of Plug Power. “We’re especially excited to be partnering with an organization like Asda, which has such a proud heritage and sterling reputation. Their focus on making their organization more environmentally-friendly makes Asda an ideal partner, and we’re optimistic that this deployment is just the start of a long and fruitful relationship.”
Tesla Inc. (NASDAQ:TSLA) announced that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record on August 21, 2020 will receive a dividend of four additional shares of common stock for each then-held share, to be distributed after close of trading on August 28, 2020. Trading will begin on a stock split-adjusted basis on August 31, 2020.
Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CleanSpark, Inc. by a third party. We own ZERO shares of CleanSpark, Inc. Please click here for full disclaimer.
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