CleanSpark Inc (NASDAQ:CLSK) reported that its wholly owned GridFabric subsidiary has completed the process of OpenADR certification for KIGT Inc, an electric vehicle (EV) charging, software, and technology company focused on charging stations and related software for commercial, fleet, and residential vehicles.
CleanSpark said Open ADR certification will enable KIGT to enter new markets, participating alongside other, older EV charging companies in serving entities including major California Utilities and Hawaiian Electric Company Inc (HECO).
“GridFabric's Plaid product is one of the fastest ways for a company like KIGT to achieve full OpenADR certification across their platform. This process allows them to participate in utility load shifting programs, rapidly. Alternatively, the process of achieving certification without this program can result in months-long delays and substantial capital expenditures,” CleanSpark CEO Zach Bradford said in a statement.
READ: CleanSpark developing software that helps companies become more energy efficient
He added: “This project is yet another successful deployment of GridFabric's unique offering within the broader EV charging industry. GridFabric has continued to expand its network of customers since its acquisition by CleanSpark in 2020. Following President Biden's remarks this week committing to the replacement of the entire Federal fleet with electric vehicles, we believe the focus on rapid certification of EV charging systems is poised to accelerate over the course of the coming years.”
KIGT Co-Founder Paul Francis also weighed in on the announcement, stating: “OpenADR certification will be a key driver for our growth in 2021, allowing us to work with leading utilities' demand response and incentive programs."
He added: “GridFabric made the process easy, as we were able to become fully certified much quicker and at a significantly lower cost than attempting the certification process alone.”
CleanSpark also announced that its Executive Chairman Matthew Schultz will be speaking on January 28 at 12pm ET at the RenMark Virtual Roadshow.
To view the live presentation, CLICK HERE. A recording will be available on the company investor website a few days after the presentation.
Salt Lake City-based CleanSpark provides advanced software and controls technology solutions, including a suite of software solutions that provide end-to-end microgrid energy modeling, energy market communications, and energy management solutions.
Contact Sean at sean@proactiveinvestors.com
