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Microgrid Market To Double In Five Years

A report released by GTM Research forecasts $12.5 billion in microgrid investments within the United States by 2022.

Cataloging 3.2 GW of existing microgrid capacity with a projected rise to 6.5 GW by 2022, it also predicts that the annual microgrid market will double by 2022, from $1.4 billion in 2017 up to $2.8 billion in 2022.

One top-performing microgrid solutions company worthy of recognition is CleanSpark Inc. (CLSK). CleanSpark Inc. provides microgrid solutions to military, commercial and residential properties through multiple patents protecting what is believed to be a breakthrough design for the future of waste-to-energy technology.

One of the industry’s biggest users is the United States military. According to GTM Research, they are expected to hold a projected one-third of the U.S. capacity through 2020.

Moreover, the Department of Defense (DOD) could save up to $1 billion dollars by installing microgrids and renewable power sources on military bases.

Today we are highlighting: CleanSpark, Inc. (OTCQB: CLSK), NextEra Energy (NYSE: NEE), Renewable Energy Group, Inc. (NASDAQ: REGI), Ormat Technologies (ORA), and General Electric Company (NYSE: GE).

CleanSpark, Inc. (OTCQB: CLSK), (Market Cap: $89.482M, Share Price: $2.01), CleanSpark Inc. provides microgrid solutions to military, commercial and residential properties. Their services consist of intelligent solar monitoring solutions, microgrid design and engineering, project development consulting services, System installation and consulting, and turn-key microgrid implementation services. The work is performed under fixed price bid contracts, negotiated price contracts, fully financed power purchase agreements, or energy services agreements such as Microgrid as a Service (MaaS). The company also continues to pursue the development of our gasification technologies for commercial deployment. The company has been granted multiple patents protecting what they believe to be a breakthrough design for the next generation in waste-to-energy technology. The increased efficiency compared to existing solutions results in a significantly lower cost per watt of electricity produced.

NextEra Energy (NYSE: NEE), (Market Cap: $98.838B, Share Price: $206.37), NextEra Energy, Inc., through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, natural gas pipelines, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets. As of December 31, 2018, the company operated approximately 24,500 megawatts of net generating capacity. 

Renewable Energy Group, Inc. (NASDAQ: REGI), (Market Cap: $538.328M, Share Price: $14.31), Renewable Energy Group, Inc. produces cleaner and lower carbon transportation fuels. The company utilizes an integrated production, distribution, and logistics system to convert natural fats, oils, and greases into advanced biofuels. It operates through Biomass-Based Diesel, Services, and Corporate and Other segments. The company acquires feedstock; and manages construction and operates biomass-based diesel production facilities. The company also produces biomass-based diesel from a range of feedstocks, including inedible oil, used cooking oil, and inedible animal fat, as well as soybean oil; and markets, distributes, and sells biomass-based diesel and its co-products. In addition, it purchases and resells biomass-based diesel, petroleum-based diesel, renewable identification numbers, California Low Carbon Fuel Standard credits, and raw material feedstocks acquired from third parties; and sells glycerin and other co-products of the biomass-based diesel production process. Further, the company provides facility management and operational services to biomass-based diesel production facilities; and construction management services for biomass-based diesel production facilities. Additionally, it trades in petroleum-based heating oil and diesel fuel. 

Ormat Technologies (ORA), (Market Cap: $538.328M, Share Price: $14.31), Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal, solar photovoltaic, and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes.

General Electric Company (NYSE: GE), (Market Cap: $538.328M, Share Price: $14.31), General Electric Company operates as a high-tech industrial company worldwide. The company operates in Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital segments. The Power segment offers technologies, solutions, and services related to energy production, including gas and steam turbines, generators, and high voltage equipment; and power generation services. The Renewable Energy segment provides wind turbine platforms, and hardware and software; offshore wind turbines; solutions, products, and services to hydropower industry; and blades for onshore and offshore wind turbines. The Oil & Gas segment offers oilfield and oilfield equipment, turbomachinery and process solutions, and digital solutions. The Aviation segment provides jet engines and turboprops for commercial airframes; maintenance, component repair, and overhaul services, as well as replacement parts; and additive machines and materials, and engineering services

The significant savings that can be achieved by implementing microgrid technology simply cannot be overlooked.

With record-breaking sales in the month of May of 2019, CleanSpark Inc. (CLSK) is a company on a perpetual rise with accelerated growth and demand in this promising market.

 

Legal Disclaimer:

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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