CleanSpark Inc (OCTMKTS:CLSK) an advanced energy software and control technology company, revealed Thursday that it has inked a memorandum of understanding with the Shoreline Unified School District for microgrid assessment and deployment.
As part of the deal, the Bountiful, Utah company will evaluate two stages of grid resiliency for the Shoreline Unified School District, which draws students from nearly 450 square miles from around Sonoma County in California.
The resiliency zones would utilize solar energy, storage and back-up generation to meet the School District’s energy needs, said CleanSpark, and provide back-up energy to the surrounding communities during emergencies.
“The benefits of this partnership to the District are many. The presence of microgrids would protect our schools from power outages. Additionally, we would be able to employ renewable energy in our schools, which would have a large-scale benefit,” said Unified School District superintendent Bob Raines in a statement.
CleanSpark will begin the first assessment in January and present the feasibility report to the school board in March.
The company said its Microgrid Value Stream Optimizer will be used to determine the best configurations for solar PV, battery storage and back-up generation for each School District facility to ensure "a secure and optimized power solution."
As part of this effort, CleanSpark has created a team of industry advisors, drawing from the Pacific Gas and Electric Company, Sonoma Clean Power, Marin Clean Energy and CAISO, to support the School District microgrid project.
CleanSpark said it will provide its own expertise and mPulse software to maximize the value and resiliency of the microgrid.
“Microgrids controlled by our software can help support a community’s power needs in the case of natural disasters that may interrupt power supplies. This has become increasingly important as the wildfires continue to cause significant problems for communities, both regarding safety and the impact to local economies,” said CleanSpark CEO Zachary Bradford in a statement.
“The agreement provides a path to contract directly with the School District to engineer, design, and construct, on an exclusive basis, energy systems, likely to be created under a power purchase agreement or as an Energy Services Agreement,” he added.
CleanSpark said that if the assessment results are viable for the District, it will provide "a portion of the project financing directly," in addition to engaging other financial partners.
“Our goal is to design a system that, when controlled by our mPulse software, provides a significant return to our stakeholders while also serving the greater good in the community,” said Bradford.
The company, founded in 1987, runs on a software-as-a-service (SaaS) distribution model and helps build microgrids. CleanSpark’s mPulse software and control suite operates on-site in real-time, providing economic dispatch controls to maximize performance and resiliency operations to back-up critical energy loads in the event of a utility disruption.
Contact the author Uttara Choudhury at [email protected]
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