Potential $47.4 Billion Energy Market Opportunity

Global Demand for Microgrid Technology Fueling Multi-Billion-Dollar Opportunity for CleanSpark Inc. (STOCK:CLSK)

News Release 10-15-20:

CleanSpark Announces New Microgrid Hardware Order

There’s far too much pressure on global power grids.(1)

So it’s no wonder the world is turning to microgrids, or a smaller version of an electrical grid powered by local energy to help keep the power on.

“Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures, growing requirement for reliable & secure global power supply, and rising global deployment of microgrids for rural electrification are key factors driving the market growth.”(3)

Along the way, it’s creating a potential $47.4 billion opportunity for companies, like CleanSpark Inc. (STOCK:CLSK).(4)

Just Who is CleanSpark Inc. (STOCK:CLSK)?

CleanSpark is a software and services company that offers software and intelligent controls for microgrid and distributed energy resource management systems as well as innovative strategy and design services. The Company provides advanced energy software and control technology that allows energy users to obtain resiliency and economic optimization.

Its software is capable of enabling a microgrid to be scaled to the user’s specific needs and can be widely implemented across commercial, industrial, military, and municipal deployments.

Better, there’s no shortage of catalysts for CleanSpark Inc. (STOCK:CLSK).

One, Countries Around the World are Increasing the Deployment of Microgrids

Countries across the globe are increasing the deployment microgrids to reduce the overdependence on power grids, says 360 Market Updates.(5)

In the U.S., lawmakers could be a major catalyst for microgrid technology. In fact, many are starting to incorporate microgrids into their climate strategies.(6)

In addition, microgrids are being adopted quickly throughout North America.(7)

In fact, the continent is now the top microgrid market thanks to the installation of commercial and industrial microgrids, according to Guidehouse Insights. The report found that 6,610 projects around the world, with North America representing 36.3% of the capacity.(7)

Two, approximately 44% of Businesses are Considering Microgrids

In a recent Deloitte report, up to 44% of surveyed businesses said they are considering microgrids. That’s an improvement of nine percentage points year over year, says Microgrid Knowledge. “In ‘Deloitte Resources 2020 Study,’ 54% of those considering microgrids said they have critical operations that require uninterrupted power supply, said Marlene Motyka, principal, Deloitte Transactions and Business Analytics.(8)

“Fifty-one percent said they have experienced increases in the number of outages.”

One of the leading reasons why more companies and people are demanding microgrids is its resiliency. Up to approx. 52% of businesses said they are concerned about disruption to their power supply with cybersecurity concerns. About 37% of consumers agreed with that concern.

Three, CleanSpark (CLSK) Was Awarded $2.9 Million Grant from California Energy Commission

CleanSpark (STOCK:CLSK) just announced that they have been awarded a grant from the California Energy Commission.

The grant is approximately $2.9 million and is slated to be deployed over the next 30 months. The funds will be distributed to the multi-group partnership of clean energy and technology companies. ReJoule and CleanSpark will be further supported by Ford Motor Company, BigBattery, and GRID Alternatives.

Ford Motor Company, Inc. (NYSE: F) will be supporting the project by donating used EV battery modules and providing the ReJoule team with technical support from Ford’s Greenfield Labs based in Palo Alto, California. Last year, Ford agreed to a framework with the California Air Resources Board to meaningfully reduce greenhouse gas emissions in its vehicles as part of Ford’s long-term sustainability strategy to achieve carbon neutrality globally by 2050.

Zach Bradford CEO of CleanSpark added, “This is an exciting opportunity for CleanSpark, we recognize the need in the market to extend the life of battery energy storage solutions. Electric Vehicle batteries are an ideal candidate to provide not only long-term value for deployment in residential and commercial applications, but repurposing used EV batteries can greatly assist in the avoidance of potentially substantial disposal and recycling costs.”

Four, CleanSpark is Still Announcing Major Partnerships

For one, CleanSpark, Inc. and Sunshine Energy Corp., (Sunshine) are pleased to announce the consummation of an exclusive partnership.

The agreement allows Sunshine the exclusive right to market and sell CleanSpark’s products and services throughout the country of Costa Rica. As part of the agreement, Sunshine will license mVSO (microgrid Value Stream Optimizer) energy modeling software for exclusive use in Costa Rica. Additionally, Sunshine agrees to procure all energy controls and energy storage systems directly through the Company.

Sunshine Energy is one of the largest energy developers in the Country and is a subsidiary of Losko Costa Rica. Sunshine’s goal is to provide new energy innovation through technology, as a result they are actively pursuing new microgrid development throughout the region.

Two, CleanSpark, Inc. announced it has been awarded a contract to provide controls and storage for a commercial microgrid located in Southern California. CleanSpark expects to realize in excess of $300,000 in initial revenues from the project.

Three, CleanSpark Inc. just announced the launch of its partnership program. Participating partners will have access to CleanSpark’s mVSO energy project modeling software, proposal support, and co-marketing suite of services.

Five, CleanSpark Inc. Just Reported 283% Revenue Growth

According to CleanSpark (STOCK:CLSK).

Sales in fiscal 2020 are again led by our custom electric switchgear hardware with more than $6.4 million in products delivered during the nine months ending June 30, 2020.

We continue to see a sizable percentage of repeat customers in this segment and we anticipate this trend will continue. As a result of our strong growth we have increased our targeted revenue from $7.0 to $7.5 million in delivered custom switchgear sales prior to the end of our 2020 fiscal year.

The Company’s increased focus on its mPulse software and controls platform, and mVSO, (microgrid Value Stream Optimizer) has continued to pay dividends with more than $1.0 million in related sales and nearly $1.0 million in additional contracted backlog coupled with a current proposal pipeline of approximately $10.0 million.

During the nine months ended June 30, 2020, we delivered in excess of $1.0 million in software, energy storage and associated hardware. As a result of our strong growth we have increased our targeted revenue from $1.0 million to $1.3 million in delivered revenue related to this category prior to the end of our 2020 fiscal year.

The acquisition of p2klabs has enabled CleanSpark to accelerate the development and deployment of new features to its software platforms and expanded the overall sales and marketing capabilities. p2klabs generates high-margin service revenue and has contributed nearly $600,000 in revenues between February 1, 2020 and June 30, 2020.

Three months ended June 30, 2020 US GAAP Financial and Operating Highlights:

Nine months ended June 30, 2020 US GAAP Financial and Operating Highlights:

Six, CleanSpark (STOCK:CLSK) is Led by a Powerhouse Team

When evaluating the potential for any live streaming investment, it’s important to examine the quality of the company’s management.

Zachary K. Bradford
Chief Executive Officer and President

Zachary K. Bradford is a licensed Certified Public Accountant in Nevada and a member of the American Institute of Certified Public Accountants. He served as the Company’s Chief Financial Officer from 2014 through October 2019. He has also served as a partner in a public accounting and consulting firm in Henderson, Nevada since June 2013. Mr. Bradford holds a B.S. in Accounting and a Masters of Accountancy from Southern Utah University. From March of 2015 to July 31, 2016, Mr. Bradford served as a member of the board of directors and Chief Financial Officer of Epic Stores Corp.

S. Matthew Schultz
Chairman and Director

Chairman and Director, served as the Company’s Chief Executive Officer from 2014 through October 2019 and has been involved in many capacities with several publicly traded companies. He served as the President and CEO of Amerigo Energy, Inc., creating multiple syndicated offerings of developmental oil production programs, as well as overseeing the operations from permitting through production. Since 1999, he has assisted numerous development and early stage companies to secure financing and experience significant growth. As the President of Wexford Capital Ventures, Inc., he was instrumental in funding companies both domestically and abroad. While serving as the Chairman of Pali Financial Group, Inc., he assisted in market development of dozens of public corporations. He was a founding member and the Vice President of the Utah Consumer Lending Association. A native of Lander, WY, he studied management and finance at Weber State University.

Larry McNeill
Director

Director, has a master’s degree in Business Administration from Armstrong University, a BA in Business Administration, Economics, and Russian language from Minnesota State University, and has completed the course work towards his PhD in Business Management.

Larry has a diverse business background that includes a range of broad business skills gained from his many roles in Real Estate, Finance, Research, Legal, Management, and Business Strategies. These roles include serving as the Director of Safeway Grocery Stores, Inc’s Consumer, Sales, and Store Location research departments where he was responsible for the expansion of Safeway in Europe, Australia and Canada. The Director of Market Research for A&P where he was responsible for the Company’s expansion into Saudi Arabia. An Executive Officer of Smiths Food and Drug Centers for 17 years; most recently as the Senior Vice President of Corporate Development overseeing the Research, Real Estate, and Legal Departments. Mr. McNeill retired from Smith’s Food & Drug Stores in 1996 after the Fred Meyer merger was completed.

Dr. Thomas L. Wood
Board of Directors

Dr. Thomas L. Wood has over 33 years of highly successful experience in positions of increasing responsibility in planning and operations, policy development/implementation, construction management, defense acquisition, budgeting and programming, and managing large projects and programs. Dr. Wood previously served in the U.S. Navy rising to the role of Deputy Operations for the Navy’s Pacific Engineering Command in which he was responsible for ensuring the successful execution through nine field offices of nearly $1 billion annually in construction and services contracts. After leaving the U.S. Navy, Dr. Wood served as a Subject Matter Expert (SME) supporting the U.S. Pacific Command (USPACOM) Joint Interagency Coordination Group (JIACG) as a Sr. Military Analyst and continued as a civil servant in senior roles thereafter. Dr. Wood graduated from Union College with a bachelor’s degree in Civil Engineering and master’s degree in Civil Engineering from University of Maryland, College Park. Dr. Wood then obtained a Doctor of Business Administration degree from Argosy University, Honolulu.

Roger P. Beynon
Board of Directors

Roger P. Beynon, is an experienced CPA and owner of Beynon & Associates, a public accounting firm that has been in operation for over 34 years. Mr. Beynon has provided accounting and tax services to businesses since 1984. Mr. Beynon is a Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE) and is a past president of the Utah Association of CPA’s. Mr. Beynon is currently the chairman of the board of directors of Transwest Credit Union. Mr. Beynon is a graduate from Weber State College in 1972 with a bachelor degree in accounting and a minor in banking and finance.

Lori Love
Chief Financial Officer

Lori Love is a licensed CPA and an experienced finance professional serving in roles in accounting, finance and risk management. Since July 2015, Ms. Love served as CFO of P2K Labs, a design, technology, and marketing agency based in Las Vegas, Nevada. Prior to 2015, Ms. Love served in the role of Senior Vice President of Finance at Provident Trust Group for over two years and as Vice President of Finance and Operations at WorldDoc, Inc. where she also served as a director. Ms. Love obtained her Bachelor of Business Administration (BBA) in Accounting from University of Nevada, Las Vegas and carries the CPA designation.

Amer Tadayon
Chief Revenue Officer

An experienced executive and entrepreneur, Amer spent the last 25 years in technology, marketing, sales, and design. He is founder and CEO of p2klabs, Inc. and has held leadership positions at Fortune 500 companies including IBM, Cognizant, and frog design. In addition, he has worked with major global brands such as Nike, MTV, and Mattel.

The Top Reasons to Consider CleanSpark Inc. (STOCK:CLSK)

1) There’s far too much pressure on global power grids. “Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures, growing requirement for reliable & secure global power supply, and rising global deployment of microgrids for rural electrification are key factors driving the market growth.”

2) Microgrid demand is creating a potential $47.4 billion investment opportunity.

3) Countries across the globe are increasing the deployment microgrids to reduce the overdependence on power grids, says 360 Market Updates.

4) In a recent Deloitte report, up to 44% of surveyed businesses said they are considering microgrids. That’s an improvement of nine percentage points year over year, says Microgrid Knowledge.

5) CleanSpark is still announcing major partnerships. For one, CleanSpark, Inc. and Sunshine Energy Corp., (Sunshine) announced the consummation of an exclusive partnership. The agreement allows Sunshine the exclusive right to market and sell CleanSpark’s products and services throughout the country of Costa Rica. As part of the agreement, Sunshine will license mVSO energy modeling software for exclusive use in Costa Rica.

6) CleanSpark Inc. just reported 283% revenue growth. Sales in its fiscal 2020 were led by its custom electric switchgear hardware with more than $6.4 million in products delivered during the nine months ending June 30, 2020.

 

 

 

Source 1: https://enviroliteracy.org/energy/electricity/electric-power-grids-blackouts/

Source 2: https://www.pathto100.org/smart-microgrids-the-future-of-sustainable-power/

Source 3: https://cleanstart.org/blog/microgrids-forecast-to-grow-10-per-year-to-47-billion-by-2025/

Source 4: https://cleanstart.org/blog/microgrids-forecast-to-grow-10-per-year-to-47-billion-by-2025/

Source 5: https://www.marketwatch.com/press-release/microgrid-market-2020-industry-size-share-business-growth-revenue-trends-market-demand-penetration-and-forecast-to-by-360-market-updates-2020-06-25

Source 6: https://microgridknowledge.com/microgrids-climate-strategies/

Source 7: https://www.businesswire.com/news/home/20200423005285/en/Guidehouse-Insights-Report-Shows-North-America-Retaken

Source 8: https://microgridknowledge.com/microgrids-survey-businesses/

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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