U.S. lawmakers just reintroduced a $1.5 billion bill for clean energy microgrids. In fact, the Energy Resilient Communities Act, introduced by Congresswomen Nanette Diaz Barragán and Yvette D. Clarke “prioritizes energy equity and environmental justice by putting grant applications from low-income communities and communities of color at the front of the line for clean energy microgrid grants that will help combat power outages and rolling blackouts, reduce pollution, create green jobs, and fight the climate crisis.”
“In addition to the bill’s importance for maintaining power to critical facilities such as hospitals, fire stations, schools, grocery stores, senior and public housing, the Energy Resilient Communities Act will help our country fight the climate crisis and reduce air pollution. In 2019, 546 microgrids were installed in the United States. Of these, 86 percent were powered, at least in part, by burning fossil fuels. The legislation will support the construction of hundreds of microgrids annually powered by 100 percent clean energy.” With the microgrid story gaining momentum, some of the top companies to keep an eye on include CleanSpark, Inc. (NASDAQ:CLSK), Walmart Inc. (NYSE:WMT), Riot Blockchain Inc. (NASDAQ:RIOT), Marathon Patent Group Inc. (NASDAQ:MARA), and Enphase Energy Inc. (NASDAQ:ENPH).
CleanSpark, Inc. (NASDAQ:CLSK) BREAKING NEWS: CleanSpark, Inc., a diversified software and services company today announced that it has received a new purchase order from a Houston, Texas-based microgrid developer. CleanSpark has provided its ATS (automatic transfer switch) solutions to the developer and its customers for several years.
The Company’s switchgear units will be deployed alongside energy generation assets to provide resilient power and cost savings. The end-use customer is the world’s largest retail chain, operating more than 11,500 locations worldwide. CleanSpark’s ATS paired with other microgrid assets will help keep stores operational during utility outages. This purchase order is expected to result in more than $1,500,000 of additional revenue for the Company.
Zach Bradford, CleanSpark’s President and Chief Executive Officer stated, “We are excited to continue to provide switchgear to support custom microgrid solutions for critical back-up power. With the increasing frequency of grid disruptions, natural disasters and scheduled power-outages, the number of businesses relying on microgrids continues to rise. We anticipate additional switchgear orders from this customer and other partners, both as a result of the aforementioned events, as well as ‘green’ initiatives supported by the new administration that should pave the way for increased microgrid development.”
Bradford concluded, “We believe the combination of our patented energy solutions together with our Bitcoin mining division, make us a true ‘dual-threat’ as we continue our rapid growth across all of our divisions. This order is a result of our focus on ‘best-in-class’ solutions, whether they result from hardware, software, residential or commercial initiatives. CleanSpark’s unique approach to energy solutions are expected to continue to drive strong demand throughout our partnership networks. Recent announcements discussing our platform upgrades and additional distribution of our GridFabric software solutions are examples of this increased demand for our products and services.”
Other related developments from around the markets include:
Walmart Inc. (NYSE:WMT) announced its executive team will host a virtual meeting with the Investment Community on Thursday, Feb. 18, 2021. The meeting will start at 7 a.m. CST and Walmart’s executive management team will discuss the company’s fourth quarter financial results for fiscal year 2021 and provide an update on its strategic priorities. Executive presentations will be followed by a question and answer session.
Riot Blockchain Inc. (NASDAQ:RIOT), one of the few NASDAQ-listed bitcoin mining companies in the United States, announces receipt and deployment of 2,500 Bitmain S19 Pro Antminers as part of the purchase agreement disclosed in October 2020. The newly received miners are currently being deployed and installation is expected to be completed over the next week. Once the S19 Pro Antminers are fully deployed, Riot will have a total of 9,540 Antminers in operation with a hash rate capacity reaching an estimated 842 petahash, representing a nearly 50% increase in operational hash rate capacity.
Marathon Patent Group Inc. (NASDAQ:MARA), one of the largest enterprise Bitcoin self-mining companies in North America, announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathon’s mining facility in Hardin, MT as scheduled. Marathon’s current mining fleet consists of 2,560 miners, generating 248 PH/s (petahash per second). Each S-19 Pro miner produces 110 TH/s (terahash per second) and adds 0.11 PH/s to the Company’s existing operations. Once the additional 4,000 miners are installed, the Company’s mining fleet will consist of 6,560 miners producing approximately 688 PH/s. This represents a 256% increase of our current Hashrate production.
Enphase Energy Inc. (NASDAQ:ENPH), a global energy management technology company and the world’s leading supplier of microinverter-based solar-plus-storage systems, announced that Allison Johnson has been named Chief Marketing Officer. Johnson will be responsible for all global marketing activities and will report directly to Badri Kothandaraman, president and CEO of Enphase. “I am pleased to welcome Allison to our management team,” said Badri Kothandaraman, president and CEO of Enphase Energy. “As a recognized marketing leader, Allison’s experience building some of the world’s most valuable brands is key as we look to accelerate our growth and establish Enphase as the recognized leader in the global transition to energy independence.”
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