SALT LAKE CITY, July 1, 2020 /PRNewswire/ -- CleanSpark,
Inc. (Nasdaq: CLSK), a diversified software and services company,
today announced the release of enhanced features and modeling tools
to its mVSO (microgrid Value Stream Optimizer) software. mVSO
is a SaaS-based product used by Solar Developers, Battery
Suppliers, and EPC's (Engineering, Procurement and Construction
Companies) to model the ideal mix of distributed energy assets to
deliver cost savings, energy resiliency and sustainability.
This update allows the user to more easily identify and take
advantage of incentives targeted to specific conditions or
regions. The new release features enhanced modeling for the
California Self-Generation Incentive Program, commonly referred to
as "SGIP". SGIP will now provide rebates for business and
residential customers that add energy storage as a means to
maintain power resiliency during a grid disruption. A
requirement for eligibility to receive these rebates is for a
user's system to meet certain functional criteria which can be
demonstrated through advanced modeling, and CleanSpark's mVSO
streamlines this process.
The newest SGIP programs provide incentives that can
significantly reduce the costs of microgrids and distributed energy
systems for projects serving people who meet specific
qualifications. A portion of the program's budgets are set
aside for customers living in high fire-risk areas, customers
who experienced PSPS (Public Safety Power-Shutoff) events on two or
more distinct occasions, low-income customers, and critical
facilities that provide services to these fire prone areas.
According to CA.Gov, as of the date of this release,
there are currently 2,996 fires thus far in 2020 and 19,951 acres
burned, both figures represent increases compared to 2019. In
response to previous California
wildfires, the California Public Utilities Commission (CPUC)
initiated rules to protect the public from potential fire hazards
and posted interactive maps on its website to help consumers and
installers determine if specific locations are eligible for either
the SGIP or Equity Resiliency incentive.
CleanSpark's CEO Zach Bradford
commented, "We are excited with both the timing and the additional
functionality of this update; These enhancements will allow energy
professionals to efficiently model the incentives in these
qualified areas, and to validate the value of the incentives to the
end customers through easy to understand proposals." He added, "We
anticipate that these features will increase demand for our mVSO
software, which we believe will create additional pull-through
sales of our patented microgrid controls software."
Parties interested in CleanSpark's mVSO Software platform are
encouraged to visit the Company's website at
https://www.cleanspark.com/mvso-info or contact the Company
directly at info@cleanspark.com. Investors are encouraged to
contact the Company at ir@cleanspark.com
About CleanSpark:
CleanSpark 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. 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 ability of our software
to produce the expected energy benefits, expectations of future
growth of CleanSpark may not be realized, timing of
deliveries, ongoing demand for our software products, the impact of
global pandemics (including COVID-19) on the demand for our
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
View original content to download
multimedia:http://www.prnewswire.com/news-releases/cleanspark-announces-wildfire-incentive-and-tax-credit-integration-for-mvso-energy-modeling-software-301086904.html
SOURCE CleanSpark, Inc.