With a global pandemic underway, its essential that power is always up and running. While some are concerned about the lack of testing, and shortages of protective equipment like masks, others are worries about the impact on critical infrastructure including electrical issues. After all, without electricity, critical care can be interrupted. Ventilators and other essential equipment won’t function without it. And while hospitals are required to have backup systems in case or power outages, issues can arise.
It’s another reason microgrids are essential. In fact, with a global virus straining hospitals and food distribution systems, keeping the power on is key. “There are a million warnings out there on a million serious things. We add one: Everything works—and will continue to work—as long as we have electricity. It’s what keeps the lights on, the oxygen flowing, the information going. Everything is the grid, the grid, the grid,” notes The Wall Street Journal.
“Experts from government, academia, and industry see potential in the use of microgrids, which are small power grids that can either be connected to the main grid or—during an emergency—be disconnected from it to keep locally generated power flowing,” as reported by Smart Energy.
Power concerns are likely to drive further interest in microgrid technology. After all, if we find ourselves without power in a dire situation, we’re in real trouble. Some of the top companies leading the microgrid charge include CleanSpark, Inc. (NASDAQ:CLSK), Solaredge Technologies Inc. (NASDAQ:SEDG), Ballard Power Systems Inc. (NASDAQ:BLDP) (TSX:BLDP), Advanced Energy Industries Inc. (NASDAQ:AEIS), and General Electric Company (NYSE:GE).
CleanSpark, Inc. (NASDAQ:CLSK) BREAKING NEWS: CleanSpark, Inc., a diversified software and services company announced today that it has continued to make key hires to support product and revenue growth. CleanSpark most recently hired Marty Weishaar as Vice President of Marketing. Mr. Weishaar made the transition from his Executive position at Lending Tree, America’s largest online lending marketplace, and has led growth and acquisition marketing teams for over a decade.
Since being appointed CEO in late 2019, Zach Bradford has worked toward strengthening the Cleanspark management team by filling key positions including Lori Love as CFO and Amer Tadayon as Chief Revenue Officer. Ms. Love previously served as the Executive Vice President of Finance and Operations at Provident Trust Group a $3B trust company in Nevada and Mr. Tadayon, a software industry veteran, has held executive roles at Cognizant and frog design.
“Mr. Weishaar’s addition to Cleanspark further rounds out an experienced management team that is poised to help take Cleanspark into the future with greater revenue growth and profitability. Our goal for 2020 is to continue our strong revenue and product sales trajectory with expectations of doubling 2019 year over year revenues,” said CEO Zach Bradford. He added, “We expect to accomplish this through focused direct sales and marketing of our products, specifically the addition of online marketing, which is something we haven’t concentrated on in the past.”
Parties interested in learning more about CleanSpark’s Microgrid platform are encouraged to inquire by contacting the Company directly at info@cleanspark.com or visiting the Company’s website at www.Cleanspark.com.
Other related developments from around the markets include:
Solaredge Technologies Inc. (NASDAQ:SEDG) announced that its award-winning single phase inverter with HD-Wave technology received JET certification (Japan Electrical Safety and Environment Technology Laboratory). Specifically designed to comply with Japanese market requirements, the inverter is now available for low-voltage commercial and residential PV installations. The JET certification extends for five years and covers the new anti-islanding function requirements for multiple inverters and reactive power oscillation suppression. With a long-term commitment to the Japanese market, SolarEdge has opened a technical and testing center in Yokohama that evaluates the grid protection function of SolarEdge inverters according to JEC9701 and JET certification test methods. SolarEdge’s JET certified 5.5kW single phase inverter with HD-Wave technology has increased power density, record-breaking 99% weighted efficiency, and a competitively small size and weight, at only 12.3kg. The inverter has a 0.95 power factor, supports up to 200% oversizing for increased production, and features SolarEdge’s built-in SafeDC for enhanced safety.
Ballard Power Systems Inc. (NASDAQ:BLDP)(TSX:BLDP) will hold a conference call on Wednesday, May 6, 2020 at 8:00 a.m. Pacific Time (11:00 a.m. Eastern Time) to review first quarter 2020 operating results. The live call can be accessed by dialing +1-604-638-5340. Alternatively, a live webcast can be accessed through a link on Ballard’s homepage. Following the call, the webcast will be archived in the ‘Earnings, Interviews & Presentations’ area of the ‘Investors’ section of Ballard’s website.
Advanced Energy Industries Inc. (NASDAQ:AEIS) announced that its newest facility in Penang, Malaysia has begun commercial operations and started to deliver products to our customers. Situated in the heart of Southeast Asia on the country’s northwest coast by the Malacca Strait, the state of Penang has long served as an important outlet to the markets of Europe and the Middle East, making it an ideal location for Advanced Energy’s state-of-the-art manufacturing facility. “These are exciting times for us as we expand in Southeast Asia to meet the region’s growing presence in technology production,” said Neil Brinker, executive vice president and COO of Advanced Energy. “With our global customer base and broad portfolio of precision power products, we continuously evaluate ways to optimize our production footprint and how to best serve our customers. The new facility in Penang will not only enable us to get physically closer to many of our customers in the region but also provide greater business continuity and redundancy."
General Electric Company (NYSE:GE) announced that seven electrical grid customers energized its leading Fixed Series Compensator (FSC) systems at nine different sites in 2019 to increase the efficiency of their transmission networks. That’s the equivalent of nearly 3,500 megavar (Mvar) of compensation, with almost all of it being used to support increased renewables generation. FSC technology allows utilities to cost-effectively increase the power transfer capabilities of both existing and new transmission lines, with reduced transmission line losses and overall improved power grid stability. This is because FSC technology makes transmission lines behave as if they are physically shorter, thus giving them an increased ability to carry electric power over longer distances with lower losses.
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