CleanSpark Inc (NASDAQ:CLSK) said it has inked an agreement with land investment and development group International Land Alliance (OTCQB:ILAL) to provide sustainable power solutions to the latter’s portfolio of properties.
Under this phase of the agreement, CleanSpark will provide microgrid power solutions to more than 400 residential resort properties, with the project to be deployed over the next 36 months as the properties are constructed.
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The agreement will involve CleanSpark providing microgrid solutions that will deliver power to 252 fully 'off-grid' cabins in the exclusive Valle Divino development in Ensenada, Baja, Mexico. The company will also provide sustainable power solutions to 152 luxury villas within the Plaza Bajamar project in conjunction with local grid power.
The company said it will also provide microgrid power to all commercial facilities within both developments, including professional, retail and restaurant locations.
CleanSpark will continue to provide all energy project analysis, modeling, sizing, energy storage procurement and consulting for ILAL through each phase of development. Upon deployment, the microgrid installations will operate under a long-term software license agreement for the firm’s patented mPulse controls platform.
The first energy systems deployed within the unique development will be located on two residential villas currently in the final stages of construction, commissioning of which is expected to occur on or before September 30, 2020.
"This phase is a significant milestone under our exclusive agreement with ILAL. International has master-planned a beautiful project in Ensenada, Baja Mexico, located just 45 minutes south of San Diego, California. Our microgrid solution will provide Valle Divino with the otherwise unavailable energy infrastructure it needs in a cost-effective manner. This project will help ILAL achieve their stated goal of providing affordable environmentally friendly housing. These residential projects collectively represent significant revenue development for CleanSpark", the company’s chief executive and president Zachary Bradford said in a statement.
CleanSpark is a software and services company which offers software and intelligent controls for microgrid and distributed energy resource management systems and innovative strategy and design services.
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