SALT LAKE CITY, Sept. 21, 2020 /PRNewswire/ -- CleanSpark, Inc.
(Nasdaq: CLSK), "the Company", a diversified software and services
company announced the commissioning of its software on a new solar
plus storage microgrid project in Central
America. CleanSpark is partnered with an energy developer to
deploy this unique solution for Micro Technologies SA, a major
international assembly and manufacturing company. This microgrid is
for their new factory located in the San
Jose, Alajuela Province of Costa
Rica.
The local clean-energy developer focuses on distributed power
generation, storage, and management. They have installed some of
the first microgrids in Latin
America. This collaborative project between the two
companies will incorporate grid-tied solar and energy storage
systems primarily to offset utility energy costs. The secondary
function of the system is to provide backup power during utility
outages from construction through commissioning of the complex, as
well as when facility is fully operational.
CleanSpark is providing its patented mPulse controls with
market-based forecasting and operation. The Company has also
procured and will incorporate the Tesla (Nasdaq:TSLA) PowerPack 2
battery energy storage system which will provide 558kW/1115kWh
storage. Additionally, the project's solar installation includes
480kW AC, 531kW DC of PV (photovoltaic) solar panels. This
represents the second microgrid located in Costa Rica with an mPulse controller paired
with a Tesla energy storage solution.
MicroTech is a components and systems manufacturer for
Fortune 500 companies which represent a multitude of industries
including robotics, automotive, aerospace, and
telecommunications. CleanSpark's mPulse controller will
provide MicroTech with a means of reducing utility operating
costs. This is accomplished by storing and/or shifting solar
production through operation of the Tesla Powerpack ensuring
consistent operation and resiliency. In the event of a power
disruption from the grid, the energy storage system will be
utilized to provide backup electricity to the manufacturing
facility. This will help significantly reduce the financial impact
associated with power outages during the manufacturing process of
these sensitive products and equipment. The utilization of the
AC-coupled solar array, also operated and managed by CleanSpark's
mPulse software, will further extend the resiliency of the
system.
Zach Bradford, CEO of CleanSpark
commented, "We are extremely pleased to have partnered with local
energy professionals on another microgrid project in Costa Rica. In addition to assisting the
developer to provide resilient power and cost savings for MicroTech
on a remote location, this system provides renewable clean-energy,
an objective stated by the country of Costa Rica, in their pursuit of being powered
by 100% renewables This edict is enthusiastically supported by
CleanSpark and our local partners. We look forward to continuing to
utilize our technologies to provide energy certainty, clean power,
and cost avoidance throughout the region."
Parties interested in learning more about CleanSpark Microgrid
services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the Company's
website at https://www.cleanspark.com.
Investors are encouraged to contact the Company
at ir@cleanspark.com, or visiting the Company's website
at https://ir.cleanspark.com/
About CleanSpark:
CleanSpark offers software and intelligent controls for
microgrid and distributed energy resource management systems and
innovative strategy and design services. The Company provides
advanced energy software and control technology that allows energy
users to obtain resiliency and economic optimization. Our software
is uniquely capable of enabling a microgrid to be scaled to the
user's specific needs and can be widely implemented across
commercial, industrial, military, agricultural and municipal
deployment. Our product and services consist of intelligent energy
controls, microgrid modeling software, and innovation consulting
services in design, technology, and business process methodologies
to help transform and grow businesses.
Forward-Looking Statements:
CleanSpark cautions you that statements in this press release
that are not a description of historical facts are forward-looking
statements. These statements are based on CleanSpark's current
beliefs and expectations. The inclusion of forward-looking
statements should not be regarded as a representation by CleanSpark
that any of our plans will be achieved. Actual results may differ
from those set forth in this press release due to the risk and
uncertainties inherent in our business, including, without
limitation: the fitness of the product for a particular application
or market, the expectations of future revenue growth may not be
realized, timing of orders and deliveries, ongoing demand for its
software products and related services, the impact of global
pandemics (including COVID-19) on the demand for its products and
services; and other risks described in our prior press releases and
in our filings with the Securities and Exchange Commission (SEC),
including under the heading "Risk Factors" in our Annual Report on
Form 10-K and any subsequent filings with the SEC. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof, and we
undertake no obligation to revise or update this press release to
reflect events or circumstances after the date hereof. All
forward-looking statements are qualified in their entirety by this
cautionary statement, which is made under the safe harbor
provisions of the Private Securities Litigation Reform Act of
1995.
Contact - Investor Relations:
CleanSpark Inc.
Investor Relations
(801)-244-4405
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SOURCE CleanSpark, Inc.