CleanSpark Inc (NASDAQ:CLSK) announced Tuesday a new solar-plus-storage microgrid with EPC (Engineering, Procurement, and Construction) partner, Solar Watt Solutions.
Previously, CleanSpark announced it had executed a contract for a new Southern California microgrid. The energy storage project was successfully installed and deployed by Solar Watt Solutions including CleanSpark's patented controls on-site for resiliency.
An additional contract was signed for a medical facility in Orange County that will feature 100 kilowatt (kw) rooftop and carport solar with 30kw/70kw battery. CleanSpark's patented mPulse controller will optimize the solar plus storage resources to provide the customer with significant cost savings.
READ: CleanSpark to design microgrid for California homeowner plagued by frequent power outages
Based on prior results and the recent mVSO evaluation, the medical facility is expected to save around 90% on the monthly energy costs. The facility owner anticipates, that with CleanSpark's solution, they can secure a three-year payback on the fully installed system.
"The addition of CleanSpark's software and engineering resources has allowed us to meet the increased demand in the market for solar plus storage solutions,” said David Watt, president of Solar Watt Solutions, in a statement.
“Their controls software and energy storage relationships have helped save our customers money and make them less reliant on the utility companies, especially in these uncertain times."
CleanSpark CEO Zachary Bradford added: "This is another success for CleanSpark's strategy of engaging with large regional partners. Solar Watt is helping residential and small commercial businesses save on their energy costs via solar and storage solutions as well as providing resiliency solutions. Our products and services are a perfect complement to Solar Watt's existing offerings to bring their customers the benefits of intelligently controlled storage and other microgrid services. Our 'one to many' approach has continued to pay dividends for both CleanSpark as well as our energy partners."
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