CleanSpark in Chile energy storage and software deal

Energias Limpias De CentroAmerica (ELCA) has awarded a $627,000 contract to CleanSpark, for the supply of software controls and energy storage. The contract will support ELCA’s Energy as a Service (EaaS) project, based at their industrial manufacturing facility in San Jose, Costa Rica.

CleanSpark, a microgrid company providing engineering, software and controls for innovative distributed energy resource management systems, will integrate a scalable 1110 KWh of battery storage paired with a 480 KW solar photovoltaic system, all driven by CleanSpark’s mPulse controls platform.

CleanSpark’s mPulse software will provide economic dispatch controls to maximize performance, as well as resiliency operations to back-up critical energy loads in the event of a utility disruption.

In addition to the base contract, ELCA is entering into a Software as a Service (SaaS) agreement with CleanSpark for continued support of the system.

The project is expected to be integrated and commissioned in the first quarter of 2020.

“CleanSpark has been an invaluable partner in supporting ELCA through the initial design of this system. This is our second contract with CleanSpark to provide its mPulse software and controls and we expect to use them for many more projects in the future.” said Michael McCuen, president of ELCA.

“As we continue to execute on our strategy of increasing software sales through long term customer partnerships, we expect that our business will accelerate its growth trajectory,” said Zach Bradford, CEO of CleanSpark.

“The Costa Rican market is a key area of market growth in Latin America and we are well positioned to capitalize on opportunities. This is also a significant milestone for the company as it continues to establish the value of our software-based controls solution with strategic long-term customers and partners. As we continue to develop our reoccurring SaaS revenue streams our profitability is expected to increase significantly over time and will continue to create shareholder value for many years in the future,” continued Bradford.

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