Google Reportedly Ready to Make Substantial Investments in Microgrids

There’s growing interest in microgrids. In fact, “Growing interest in microgids is now forcing utilities and regulators to rethink how the grid of the future will be designed and operated. The recent increase in natural and human-triggered threats like wildfires and severe storms has added urgency to microgrid development,” as reported by Utility Dive. California, for example is moving forward with developing microgrid policy, as are states in the Northeast and the Mid-Atlantic. Even Google is reportedly moving forward with investments in microgrids. In fact, as reported by Microgrid Knowledge, “Google is poised to make very substantial investments, using its own funds, to design, build and operate large, fully functional microgrids — i.e., microgrids that operate on a 24/7 basis, and not merely in emergency ‘island’ mode during grid outages — in campus-type settings at various locations in California. This investment in microgrids is part of Google’s ambitious commitment to sustainability.” That could be a strong catalyst for companies such as

CleanSpark, Inc.

(NASDAQ:CLSK),

Riot Blockchain Inc.

(NASDAQ:RIOT),

Marathon Patent Group Inc.

(NASDAQ:MARA),

Enphase Energy Inc.

(NASDAQ:ENPH), and

Blink Charging Co.

(NASDAQ:BLNK).


CleanSpark, Inc.

(NASDAQ:CLSK)

BREAKING NEWS

:

CleanSpark, Inc

., an advanced software and controls technology solutions company focused on solving modern energy challenges announced a new solar-plus-storage microgrid with EPC (Engineering, Procurement, and Construction) partner, Solar Watt Solutions. Previously, CleanSpark announced it had executed a contract for a new Southern California microgrid. The energy storage project has been successfully installed and deployed by Solar Watt Solutions including CleanSpark’s patented controls on site for resiliency.

An additional contract was signed this week for a medical facility in Orange County that will feature 100kw rooftop and carport solar with 30kw/70kw battery. CleanSpark’s patented mPulse controller will optimize the solar plus storage resources to provide the customer with significant cost savings. Based on prior results and the recent mVSO evaluation the medical facility is expected to save around 90% on the monthly energy costs. The facility owner anticipates, that with CleanSpark’s solution, they can secure a three-year payback on the fully installed system.

David Watt, President of Solar Watt Solutions said, “The addition of CleanSpark’s software and engineering resources has allowed us to meet the increased demand in the market for solar plus storage solutions. Their controls software and energy storage relationships have helped save our customers money and make them less reliant on the utility companies, especially in these uncertain times.”

Zachary Bradford, CleanSpark’s President and Chief Executive commented, “This is another success for CleanSpark’s strategy of engaging with large regional partners. Solar Watt is helping residential and small commercial businesses save on their energy costs via solar and storage solutions as well as providing resiliency solutions. Our products and services are a perfect complement to Solar Watt’s existing offerings to bring their customers the benefits of intelligently controlled storage and other microgrid services. Our ‘one to many’ approach has continued to pay dividends for both CleanSpark as well as our energy partners.”


Other related developments from around the markets include:


Riot Blockchain Inc.

(NASDAQ:RIOT) announced that

Mason Jappa, CEO of Blockware Solutions LLC

is joining Riot’s Advisory Board. Mason joins Pierre Rochard, Yan Pritzker, and Cory Klippsten, the founding members of the Riot Advisory Board in 2019. Mr. Jappa brings to Riot’s Advisory Board a vast amount of experience in cryptocurrency mining. He is the co-founder of Blockware, which was created in 2017 and delivers Blockchain and bitcoin mining related services to its clients which includes some of the world’s most innovative mining farms and blockchain companies. Blockware has placed over 45MW for hosted clients, sold over 200,000 ASIC’s, operates validator nodes for Skale, Dfinity, Ethereum, and has created one of the largest U.S.-based bitcoin mining pools – Blockwarepool. Additionally, he is a managing partner of Blockware Mining, LLC, a colocation facility and a self-mining operation with over 300 Ph/s based in Kentucky, offering turnkey buy and host solutions to prospective clients.


Marathon Patent Group Inc.

(NASDAQ:MARA) announced the closing of its previously announced

registered direct offering

of 12,500,000 shares of its common stock at a price of $20.0 per share in the offering. The gross proceeds to the Company were $250.0 million, before deducting placement agent fees and other offering expenses. H.C. Wainwright & Co. acted as the exclusive placement agent for the offering. The Company intends to use the net proceeds of the offering for general corporate purposes and to fund ongoing operations and expansion of its business.


Enphase Energy Inc.

(NASDAQ:ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, announced that

Solar Optimum, an Enphase Installer Network Platinum member

, will start offering Enphase Storage systems, with a team dedicated to growing Enphase storage adoption and promoting Enphase’s all-in-one solar plus storage products as the premier home energy management solution. Solar Optimum has been an award-winning storage solutions provider since 2016 and has served solar customers in California since 2008. Solar Optimum will begin its deployment of Enphase Storage with homeowners across Southern California. The expansion of the partnership between the two companies will include closer collaboration on engineering, training, marketing, and customer support. The Enphase Storage systems deployed by Solar Optimum will support partial and whole-home backup and feature the capability for integration with generators.


Blink Charging Co.

(NASDAQ:BLNK), a leading owner, operator and provider of electric vehicle (EV) charging equipment and services, closed its previously announced

underwritten public offering

. In the offering, Blink sold 5,400,000 shares of its common stock at a public offering price of $41.00 per share, for gross proceeds of $221.4 million. The underwriters also exercised their option in full to purchase an additional 260,000 shares of common stock from the Company and 550,000 shares from the chief executive and one other officer of the Company, resulting in additional gross proceeds of approximately $10.7 million to the Company and $22.6 million to the selling stockholders. The total net proceeds to the Company, after underwriting discounts, but before estimated expenses of the offering payable by the Company, were approximately $221.6 million. Blink intends to use the net proceeds from the offering to supplement its operating cash flows to fund EV charging station deployment and finance the costs of acquiring competitive and complementary businesses, products and technologies as a part of its growth strategy, and for working capital and general corporate purposes.

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.

Contact Information:

2818047972


[email protected]