Microgrid Tech Could Breakthrough
May 3, 2019 -- InvestorsHub NewsWire -- Microcap Speculators -- The global microgrids market is estimated to be valued at US$30 billion in 2022, growing at a compound annual growth rate (CAGR) of 15% between 2018 and 2022, according to GlobalData’s report “Microgrids, Update 2018 Global Market Size, Competitive Landscape, and Key Country Analysis to 2022”.
One company that could be a big part of this growth, CleanSpark, Inc. (USOTC: CLSK), just released a production version of its Microgrid Value Stream Optimizer (mVSO). Rather than relying on a black box algorithm coupled with a spreadsheet of projected savings, CLSK’s mVSO displays in great detail how real savings can be achieved, down to 15-minute intervals. Customers only need to provide CleanSpark with a year's worth of utility interval data for their mVSO to begin its calculations. In some cases, an overall cost reduction of up to 90% can be achieved.
Today we are highlighting: CleanSpark, Inc. (USOTC: CLSK), Advanced Energy Industries (NASDAQ: AEIS), Arrow Electronics, Inc. (NYSE: ARW), ESCO Technologies In. (NYSE: ESE), and Digi International (DGII).
CleanSpark, Inc. (USOTC: CLSK) (Market Cap: $88.271M; Share Price: $2.05) has had quite the year. The company engaged a firm to navigate their up listing, announced the near completion of a $900k contract to install a CLSK microgrid at a U.S. Marine Corps Base and has been progressing on a $18.3 million deal with NYSE company, MAC. Now is the time to start your research on CLSK.
CLSK has a microgrid energy solution for the cannabis industry that dramatically decreases the cost of energy associated with producing each pound of valuable cash crop. A cannabis business using $90,000 per year in energy has the potential to reduce its operating costs (flowering stage) from $270/lb. to $200/lb., producing a 15% ROI over 10 years.
CLSK currently has several revenue generating projects. It also released an Edgar filing reporting $20 million in financing in the form of Debenture, the Series B Preferred Stock, the Warrant and the Common Stock. With the warrants being priced $3.50 per share with respect to 2,000,000 Warrant Shares, $4.00 with respect to 100,000 Warrant Shares, $5.00 with respect to 100,000 Warrant Shares, $7.50 with respect to 50,000 Warrant Shares and $10.00 with respect to 50,000 Warrant Shares, the parties are surely anticipating growth. This committed financing will help accelerate the development and deployment of CleanSpark's Distributed Energy Resource (DER) Solutions to commercial customers. This $20 million capital raise provides an avenue to scale Microgrid projects into broad adoption.
CLSK has outlined several initiatives in their recent letter to shareholders. CLSK is planning to initiate a marketing campaign to start reaching indoor cannabis growers dealing with inefficient energy usage in need of their services, push forward their projects with recent acquisition of Intellectual Property of Pioneer Critical Power Inc, and facilitate growth in their R&D to find new industries their solution can improve. Start your research now.
Advanced Energy Industries (NASDAQ: AEIS) (Market Cap: $2.193B; Share Price: $57.36) was awarded Platinum level from ClimateWise, a voluntary climate change action program in Fort Collins, Colo. that offers simple solutions to help businesses reduce their environmental impact, save money and gain recognition for their conservation achievements. Attaining the highest award level for the second consecutive year, Advanced Energy proudly accepted its award at Envirovation, a ClimateWise recognition event that took place on April 25, 2019 at the Drake Centre in Fort Collins.
Arrow Electronics, Inc. (NYSE: ARW) (Market Cap: $6.405B; Share Price: $75.19) reported first-quarter net income of $140.7 million. On a per-share basis, the Centennial, Colorado-based company said it had net income of $1.63 per share on diluted basis. Earnings, adjusted for restructuring costs and amortization costs, came to $1.84 per share on a diluted basis. The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.90 per share.
ESCO Technologies In. (NYSE: ESE) (Market Cap: $1.94; Share Price: $74.85)’s second quarter 2019 financial results will be released on May 7 at approximately 3:15 p.m. Central Time, followed by the conference call/webcast at 4 p.m. Central Time where the financial results and related commentary will be discussed.
Digi International (DGII) (Market Cap: $362.542M; Share Price: $13.10) announced the availability of the Digi AnywhereUSB® Plus products. Offered with two, eight, or 24 USB 3.1 Gen 1 connectors to enable USB device connectivity from local, remote or virtualized hosts, these network-attached remote USB hubs connect USB peripheral devices to a PC over an IP or, with a cellular module, LTE network. The AnywhereUSB Plus modular approach to cellular support means devices are 5G ready today.
Priyanka Goel, CFA
This article was written by Regal Consulting, LLC (“Regal Consulting”). Regal Consulting has agreed to a three-month term consulting agreement with CLSK dated 9/12/18. The agreement calls for $10,000 in cash, and 30,000 restricted 144 shares of CLSK per month. Regal and CLSK have signed an amendment to extend the contract for twelve months starting 10/10/18, and increased the cash component to $20,000 per month. CLSK has paid an additional $12,000 for services provided in November. CLSK has paid an additional $88,000 for services provided in December. CLSK has paid an additional $100,000 for services for January. CLSK has paid an additional $100,000 for services for February. Regal was paid an additional $100,000 for March services. CLSK has paid an additional $100,000 for services for March. CLSK has paid an additional $80,000 for services for April. CLSK has paid All payments were made directly by Clean Spark, Inc. to Regal Consulting, LLC. to provide investor relations services, of which this article is a part of. Regal Consulting also paid one thousand dollars cash to microcapspeculators.com to distribute this article. Regal Consulting may have a position in the securities mentioned in this article at the time of publication, and may increase or decrease its position without notice. This article is based on public information and the opinions of Regal Consulting. CLSK was given an opportunity to edit this article. This article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any results predicted herein. Regal Consulting is not registered with any financial or securities regulatory authority, and does not provide or claim to provide investment advice.
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SOURCE: Microcap Speculators