Solar Watt Solutions, a wholly owned subsidiary of CleanSpark, Inc
(Nasdaq: CLSK), today announced a new partnership initiative with
FAFCO, the nation’s oldest and largest solar thermal manufacturer,
to expand CoolPV Operations into Malibu, Santa Barbara and the San
Fernando Valley in California. Solar Watt Solutions will increase
solar and storage installations for its customers into the regions
bringing cost-effective and sustainable backup energy solutions to
Southern California homeowners.
Solar Watt Solution’s customers can now access the company’s
sustainable methods of heating residential pools using renewable
solar CoolPV panels provided by FAFCO. CoolPV, an enhanced solar
electric system that provides improved electrical output and energy
to heat pool water, utilizes a single panel that optimizes the
homeowner’s solar roof space. CoolPV customers generate 20 percent
more energy with the solar electric system and thermal energy to
heat the pool. Additionally, CoolPV captures four times more energy
from the sun than a traditional solar electric system, resulting in
significant cost savings for customers.
The United States’ agenda to halve carbon emissions by 2030
coupled with the Federal solar tax credit program have driven up
demand for affordable, residential energy solutions across the
state. Solar Watt Solutions President, David Watt comments,
“Renewable energy sources will be a critical part of reversing the
damaging effects of climate change. Our conscientious customers are
prepared to make the necessary changes to their homes in an effort
to combat climate change for future generations. Solar Watt
Solutions is helping California residents make significant strides
toward these goals. Our partnership with FAFCO will enable us to
support more homeowners by adding solar CoolPV systems that heat
their swimming pools while providing significant cost savings on
their monthly utility bill.”
Since 2009, Solar Watt Solutions and FAFCO have increased solar
and storage installations to San Diego, California residents. Solar
Watt Solutions is the number one installer of CoolPV systems in the
United States and FAFCO has been a leading provider of solar pool
heating equipment for over fifty years.
“Homeowners across Southern California are eager to power their
homes and heat swimming pools in the same roof space. Residents in
Malibu, Santa Barbara and San Fernando Valley in particular, are
driving up demand for our solutions, making this the perfect time
to expand operations into these regions with Solar Watts
Solutions,” said Phil DelNegro, Chief Revenue Officer, FAFCO.
Parties interested in learning more about CleanSpark products
and services are encouraged to inquire by contacting the Company
directly at info@cleanspark.com or visiting the website at
www.cleanspark.com.
About Solar Watt Solutions
Solar Watt Solutions, Inc., a California corporation, is a
system integrator that assists customers in finding the energy
products that best fit their needs while working with a range of
equipment manufacturers to provide a cost-effective solution for
residential or commercial projects.
Solar Watt Solutions helps businesses and homeowners install
solar and batteries to save money on energy bills and reduce
dependence on increasing energy costs from public utilities. We
help customers realize all the local, state, and Federal
incentives, which make solar energy more affordable than ever
before. Our customers can take pride in knowing that they are part
of the solution, not the problem. For more information, visit
https://www.solarwattsolutions.com
About FAFCO®
FAFCO® is the nation’s oldest and largest solar thermal
manufacturer and has been producing solar water heating systems
since 1969, with an installed base of 250,000 customers. Its
products include solar thermal systems for homes, swimming pools
and commercial applications, as well as thermal energy
storage. In 2015, FAFCO introduced and started selling and
installing CoolPV® (http://www.coolpv.com) which is based on a US
Navy contract and R&D begun at FAFCO in the late 1990’s. All
FAFCO products are made in the United States of America at FAFCO’s
headquarters in Chico, CA. To learn more about FAFCO, please
visit http://www.fafco.com, or call (800) 994 – 7652.
About CleanSpark Inc.
CleanSpark, Inc., a Nevada corporation, is in the
business of providing advanced software, controls and technology
solutions to solve modern energy challenges. CleanSpark has a suite
of software solutions that provides end-to-end microgrid energy
modeling, energy market communications, and energy management
solutions. CleanSpark's offerings consist of intelligent energy
monitoring and controls, intelligent microgrid design software,
middleware communications protocols for the energy industry, energy
system engineering, custom hardware solutions, microgrid
installation and implementation services, traditional data center
services and software consulting services. The Company and its
subsidiaries also own and operate a fleet of Bitcoin miners at its
facility outside of Atlanta, Georgia. For more
information about the Company, please visit the Company's website
at https://ir.cleanspark.com/ .
Forward-Looking Statements:
This release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995, including
statements regarding the Company's plans and expectations for
expansion of its residential energy and microgrid initiatives,
expected revenues, the launch of its mVoult product line and other
statement regarding the expectations, beliefs, plans, intentions
and strategies of the Company. The Company has tried to identify
these forward-looking statements by using words such as "expect,"
"target," "anticipate," "believe," "could," "should," "estimate,"
"intend," "may," "will," "plan," "goal" and similar terms and
phrases, but such words, terms and phrases are not the exclusive
means of identifying such statements. Actual results, performance
and achievements could differ materially from those expressed in,
or implied by, these forward-looking statements due to a variety of
risks, uncertainties and other factors, including, without
limitation: delays in equipment and battery energy storage systems
availability and delivery, the successful deployment of energy
solutions for residential and commercial applications, the fitness
of the Company's energy hardware, software and other solutions for
this particular application or market, the expectations of future
revenue growth may not be realized, ongoing demand for the
Company's software products and related services, the impact of
global pandemics (including COVID-19) on the demand for our
products and services; and other risks described in the Company's
prior press releases and in its filings with the Securities and
Exchange Commission (SEC), including under the heading "Risk
Factors" in the Company's Annual Report on Form 10-K and any
subsequent filings with the SEC. You are cautioned not to place
undue reliance on these forward-looking statements, which speak
only as of the date hereof, and we undertake no obligation to
revise or update this press release (including any forward-looking
statements contained herein) to reflect events or circumstances
after the date hereof.
Press Contact:
Trish DaCosta for CleanSpark
(619) 955-7759
cleanspark@kcdpr.com
Investor Relations
CleanSpark, Inc.
(801)-244-4405
ir@cleanspark.com
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