Cleanspark competitors1/9/2024 ![]() Parties interested in learning more about CleanSpark Microgrid services are encouraged to inquire by contacting the Company directly at visiting the Company's website at. Open protocols such as OpenADR and IEEE 2030.5 should be table stakes to participate in these markets, and our products let these companies implement them faster and more cost effectively, allowing them to focus on what they do best." Matt Hale, co-founder of GridFabric and newly appointed VP of Product Management for GridFabric said, "FERC 2222 should lead to a significant increase in DER activity from all types of companies, including DER aggregators, microgrid controls like CleanSpark, thermostats, water heaters, rooftop solar panels, storage, EV chargers and more. With its footprint in ISO and RTO market and position in the controls market, CleanSpark is well suited to capitalize on this development." The opportunity to offer these certifications 'out of the box' delivers a significant head start in grid optimization technology for our customers and partners, which is even more valuable with this FERC ruling."īen DuPont, co-founder of GridFabric, and CleanSpark's newly appointed VP of Software Engineering who has worked in OpenADR for over 8 years and was an early implementer of the protocol stated, "FERC 2222 should allow for significantly more opportunities for new market participants. The recent acquisition of GridFabric provides additional 'first-mover' benefits to CleanSpark's core product line by adding a certified communications protocol. Microgrid developers of all sizes should now be able to leverage CleanSpark's robust portfolio of patented technologies to tap into these opportunities and offer significant value for their customers. These opportunities are expected to dramatically improve microgrid economics and stimulate future deployments. It should open up additional value streams for microgrid developers and owners to fully participate in wholesale markets. Matthew Schultz, CleanSpark's Chairman commented "This is a massive policy shift in favor of the microgrid market in particular. Over the past several projects, CleanSpark has demonstrated its unique ability to provide a fully-integrated software suite that we feel will absolutely disrupt an antiquated and over-burdened industry." The specific tariff updates from each RTO/ISO will be released in the near future, and we expect them to reach full effect over the coming years. Prior to this ruling, DERs could contribute to Independent System Operator ("ISO") and Regional Transmission Organization ("RTO") markets via demand response mechanisms, but this opens the door to substantially more value for DERs. Regional grid operators will be required to revise their tariffs to establish DERs as a category of market participant. Bradford concluded, "Specifically, several sources of distributed electricity should now be allowed to aggregate in order to satisfy minimum size and performance requirements that each may not be able to meet individually. It should help provide a variety of benefits including lower costs for energy consumers, more grid flexibility and resilience, and more innovation within the electric power industry." "This ruling should enable DERs, including alternative power generators, solar developers, and battery manufacturers to participate alongside traditional resources to provide new sources of energy and grid services. Historical policy restrictions have prevented DER (Distributed Energy Resources) and microgrid participants like CleanSpark from competing in energy and ancillary services markets currently monopolized by regional grid operators." This ruling should transform the microgrid industry by promoting competition in electric markets by removing the existing barriers that have favored utilities for decades. Reacting to the late September ruling, Zach Bradford, CEO of CleanSpark said, "This is a significant win for clean energy and alternative energy production. In its published opinion thoroughly investigating the ruling, the National Law Review concluded "FERC's new rules could prove to be a disruptive and transformative change to electric utilities and the electric industry broadly." (Nasdaq: CLSK), a diversified software and services company today (Oct 1) announced its support for FERC Order Number 2222 that should help aggregated distributed energy resources (DERs) compete alongside and work with traditional power utilities.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |