Le Lézard
Classified in: Oil industry, Health, Science and technology, Business
Subject: LIC

CleanSpark Provides a Best-in-Class Microgrid Solution to the Marijuana Industry



SALT LAKE CITY, Oct. 3, 2017 /PRNewswire/ -- CleanSpark, Inc. (OTC: CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource management systems, today announced that Green Dragon, a Controlled Distribution Agriculture cannabis company based in North Hollywood, Calif., has contracted CleanSpark as their microgrid solutions provider.

The first phase of the Green Dragon microgrid will employ solar, energy storage, and advanced controls to immediately reduce the monthly electricity bill of the indoor grow facility by 82%. Key to the system's aggressive payback schedule is CleanSpark's mPulse software that will virtually eliminate the demand charges which previously accounted for almost 50% of Green Dragon's monthly bill. Turnkey financing solutions are being provided by Salveson and Associates of Newport Beach, Calif.

Kent Salveson commented, "We are very well versed in distributed energy and alternative technologies, but we have never seen anything as flexible as CleanSpark's microgrid platform. With it, we can not only model the 20-year performance of the microgrid, but also customize the hardware used in the project to choose technologies that specifically attack both demand charges and base-load power, while maintaining a technologically agnostic platform that will allow us to add new technologies as they become available."

CleanSpark has designed a 'best-in-class' solution for the Marijuana market to meet the significant and growing energy demands of the industry. Cannabis projects, including both retail (dispensary) and agricultural (grow) facilities, require a large amount of consistent electricity, and these businesses are among the largest users of electricity. This project will be phased to accommodate the growth plans of Green Dragon, under the first phase CleanSpark expects to recognize approximately $660,000 in total revenue. 

About CleanSpark, Inc.

CleanSpark provides advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. Our services consist of intelligent solar monitoring solutions, microgrid design and engineering, project development consulting services, system installation and consulting, and turn-key microgrid implementation services. We also combine our microgrid services with a revolutionary and patented stratified downdraft gasifier. The gasifier was developed with partners such as Petersen, Inc., Combustion Resources and others to create a logical solution for profitably handling MSW, Coal, Plastics, Municipal Sewage and many other feedstocks. By integrating new and existing energy generation and storage assets with advanced load management capacities, CleanSpark's software allows energy generated locally to be shared with other interconnected microgrids. This unique capability enables microgrids to be scaled and widely adopted for commercial, industrial, military, municipal, and remote community deployment.

For more information on CleanSpark, please visit http://www.cleanspark.com.

Contact - Investor Relations:

Brett Maas

Managing Partner, Hayden IR

(646) 536-7331

brett@haydenir.com

 

SOURCE CleanSpark, Inc.


These press releases may also interest you

at 11:58
This week, Environmental Defense Fund (EDF) released a report that shows wind and solar energy jobs now outnumber coal and gas jobs in 30 states, including D.C. The report, In Demand: Clean Energy, Sustainability and...

at 11:32
SDX Energy Inc. , the North Africa focused oil and gas company, provides a  2018 operational outlook statement prior to...

at 11:30
Innovative projects from utilities across the U.S. and including one developed by a non-utility won the 2018 POWERGRID International and DistribuTECH Projects of the Year awards Tuesday. Winners were chosen in four categories and were revealed during...

at 11:00
The world's largest and most advanced private fusion energy company, TAE Technologies, Inc. (formerly known as Tri Alpha Energy), has been chosen as a 2018 Global Cleantech 100 clean technology innovator. TAE Technologies is answering the global call...

at 10:29
Koltek Energy Services (www.Koltek.com), a nationwide energy services company, has launched Koltek Testing Facility at its 99 acre facility in Okmulgee, Oklahoma.  This location will allow oilfield equipment manufacturers the ability to test their...

at 10:15
Karbone Inc., leading financial services firm that caters to power generation and energy markets, today announced that it has acquired Watts Capital, LLC a New York-based investment bank and broker dealer specializing in capital raising and strategic...




News published on 3 october 2017 at 08:00 and distributed by: