CleanSpark Inc (NASDAQ:CLSK) has secured a $577,000 order for its intelligent automatic transfer switch (ATS) switchgear, technology used to ensure uninterrupted power by automatically transferring power to a backup source when it senses a failure or outage.
The units in this purchase order will provide power to grocery stores and are expected to be shipped over the next two fiscal quarters, the company said.
“CleanSpark’s units will be integrated into natural gas powered microgrids to provide resilient power to grocery stores,” CEO Zach Bradford said in a statement. “Resilient power to support essential businesses is critical now more than ever in the face of the COVID-19 outbreak. Grid-related power outages can be increasingly disruptive to business operations and have a drastic impact on essential customer access.”
The new order comes from an existing customer, the company said.
“The client issuing today’s purchase order is the same organization that contracted with CleanSpark in January for more than $1.6 million in ATS switchgear,” Bradford said. “We expect to continue to receive a significant number of orders for additional units during the next few years in order to meet the increasing demand for resilient back-up energy solutions.”
CleanSpark, based in Salt Lake City, also makes software for energy microgrids, allowing them to be scaled to a user's specific needs and implemented across the commercial, industrial, military and agricultural sectors.
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