CleanSpark Inc (NASDAQ:CLSK) said it has extended and expanded a contract manufacturing agreement with Pioneer Power Solutions Inc (NASDAQ:PPSI) through to the end of 2023.
The software, services, and clean Bitcoin mining firm said as part of the new agreement, Pioneer Power has been granted expanded rights to utilize CleanSpark’s proprietary software products, including mPulse and GridFabric’s OpenADR solutions. The company added that Pioneer plans to bundle the solutions with PowerBloc, PPSI’s integrated charging and power solution for electric vehicle (EV) infrastructure. CleanSpark also said it has been granted expanded rights and opportunities to serve as a preferred distributor of the PowerBloc solution.
READ: CleanSpark partners with wind turbine tech company FlowGen for efficient renewable energy generation
“The expanded partnership allows us to combine mPulse and GridFabric within multiple EV integrations for Pioneer Power. CleanSpark will also add PowerBloc to our microgrid solutions to assist both new and existing customers to affordably add EV charging across all of their targeted portfolio locations. Both initiatives are expected to drive new sales revenue for CleanSpark,” CleanSpark’s chief revenue officer Amer Tadayon said in a statement.
Meanwhile, CleanSpark said it has also become a member of Think Microgrid, a group of leading Microgrid and energy companies organized to advance state and federal policies, adding that the body “fills the need for a coordinated voice supporting the fast-growing microgrid sector in critical policy, legislative and regulatory discussions currently underway”.
“We are excited and motivated to join Think Microgrid, a group that acts as an educational resource for policymakers and regulators on critical issues pertaining to energy generation, storage, distribution, and management. The organization’s stated goal is to help facilitate improvements to the domestic power grids, incorporation of renewables and distributed energy, bring cost savings to customers and stakeholders and increase the visibility of clean energy initiatives worldwide,” said CleanSpark president and chief executive Zachary Bradford.
Contact the author at calum@proactiveinvestors.com
Follow him on Twitter @Cal_Proac