CleanSpark, Inc. — a microgrid company with advanced engineering, software, and controls for innovative distributed energy resource (DER) and microgrid deployments — announced that it has secured a $2.5 million in orders for its intelligent automatic transfer switch (ATS) switchgear.
The company’s Intelligent ATS switchgear is used to automatically transfer power supply from its primary source to a backup source when it senses a failure or outage in the primary source, assuring uninterrupted power. It also gives the end user an opportunity to participate in regional energy markets when it makes financial sense to sell surplus power back to the grid.
CleanSpark’s new order is to a current customer that provides back-up power solutions and microgrids to its clients. The end user of the company’s intelligent ATS switchgear from this order is a regional grocer located in the state of Texas.
If successful, this trial could result in a significant number of additional units during the next couple of years.
“This new order will provide improved visibility in upcoming quarters and contribute to our strong growth outlook.” said CEO of CleanSpark, Matthew Schultz.Mr. Schultz. “As grid related power outages become disruptive to business operations, we think the need for backup power sources will drive increased demand for our products.”