![]() ![]() We remain committed to creating value as we continue our multi-year transformation.”Įaton Corporation PLC (NYSE:ETN) announced today it is working with utilities to fortify the grid against the wildfire threats. We are solidifying our financial position, continuing to strengthen our businesses as improvement efforts build momentum, and driving long-term profitable growth. Our work continues, but GE’s committed team, exceptional technology, and global network make me more confident than ever that we can deliver.” Culp continued, “Our priorities looking forward are clear. We’re proud of our progress in 2019, including decisive actions to reduce our leverage and strengthen our businesses. We met or exceeded our full-year financial targets and are on a positive trajectory for 2020. said, “The fourth quarter marked a strong close to the year for GE. General Electric Company (NYSE:GE) announced results for the fourth quarter ending December 31, 2019. Other related developments from around the markets include: This follow-on order was approximately four times larger than the pilot order and we expect to continue to receive orders for a significant number of additional units during the next few years in order to meet the increasing demand for back-up energy solutions,” said CEO of CleanSpark, Zach Bradford. ![]() As a result of the successful performance of the project, this follow-on order was placed. “CleanSpark’s new order is a result of a successful pilot project in 2019 by which our customer deployed multiple ATS units paired with generation assets at several locations of one of the nation’s largest retailers, with over 6,300 stores in the US. ![]() As grid-related power outages become increasingly disruptive to business operations, we think the need for backup power sources will drive increased demand for our products.” said Chairman of CleanSpark, Matthew Schultz. This new order will provide increased exposure of our products to shopping centers in upcoming quarters and contribute to our strong revenue growth outlook. “Our customer will pair our ATS units in a microgrid configuration to provide resilient microgrid power for shopping centers. The units are expected to be shipped over the next two fiscal quarters. It also allows an end-user with excess energy generation the opportunity to participate in regional energy markets when it makes financial sense to sell surplus power back to the grid. The Company’s intelligent ATS switchgear is used to automatically transfer power supply from a primary source to a backup source when it senses a failure or outage in the primary source, thus assuring uninterrupted power. (NASDAQ:CLSK) BREAKING NEWS: CleanSpark, Inc., a software company with advanced engineering, software and controls for innovative microgrid and distributed energy resource management systems today announced that it has secured a $1.6 million order for its intelligent automatic transfer switch (ATS) switchgear. (NASDAQ:CLSK), General Electric Company (NYSE:GE), Eaton Corporation PLC (NYSE:ETN), Home Depot Inc. News like that is creating a sizable, exciting opportunity for top companies like CleanSpark, Inc. Better, the California Independent System Operator (CAISO) believes they’ll see planned microgrids and resiliency projects built before the next wildfire season. The Rhode Island Progressive Democrats have launched a project that could make sure the city of Cranston, Rhode Island achieves 100% renewable energy by 2030 using a series of solar and wind microgrids, a central microgrid, a virtual power plant (VPP) and a municipal utility. Just over the last few days, Xcel Energy, for example, is seeking approval to move forward with microgrids at the Denver International Airport Automated Guideway Transit System National Western Center Denver Rescue Mission’s Lawrence Street Community Center City of Arvada Center for the Arts and Humanities Town of Nederland Community Center Summit County Middle School and Alamosa Family Recreation Center, as reported by Microgrid Knowledge. All thanks to demand for resiliency, and far better energy security at all times. We’re seeing a groundswell of interest for microgrids. ![]()
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