#CleanEnergy Sector Continues Growth Thanks to #Software
and #Technology Innovation (OTC: $CLSK) (OTC: $SBGSY) (NYSE: $ABB) (NYSE: $GE)
Point Roberts WA, Delta BC
– June 6, 2019 - Investorideas.com, one of the first investor
news resources covering renewable energy stocks releases a sector snapshot reporting on the continued
sales growth seen for energy software solutions companies as the technology
becomes more widely available and easier to adopt.
Read this in full
at https://www.investorideas.com/news/2019/renewable-energy/06061CleanEnergy-TechnologyInnovation.asp
In a recent report from Global Industry Journal, The Global Carbon and Energy Software Market Research Report 2019,
“The global Carbon and Energy Software market has been growing with steady
revenue outcomes for the last decade, however it is anticipated to develop more
vigorously in the forecast period as rapidly elevating Carbon and Energy Software
demand, raw material affluence, stable financial structure, technological
advancements, favorable trade policies, and product awareness are boosting
growth in the Carbon and Energy Software market. Also, the market has the
potential to become one of the most remunerative industries that are
consequently influencing global revenue generation and economic structure.”
Click the attached link to Obtain complete insights into the Global Carbon and Energy Software
Market Study.
CleanSpark,
Inc. (OTC: CLSK), a microgrid and custom electrical equipment company
with advanced engineering, software and controls for innovative distributed
energy resource management systems, recently announced record equipment sales and shipments for
the month of May.
Equipment sales for the month of May were more than $1
million, as compared with equipment sales of $431,000 during the first three
months of 2019. In total, equipment sales for the quarter ending June 30, 2019
are projected to exceed $1.5 million.
Equipment Sales for CleanSpark's fiscal year are on track to exceed
prior estimates of $4 million.
CleanSpark's contracted backlog for equipment has also
increased to $6.1 million, an increase of over $2 million since March 31, 2019.
Read
this in full at https://www.investorideas.com/news/2019/renewable-energy/06051EnergySolutionsSoftware.asp
"Continued demand for our sophisticated DER
management systems continues to increase, and we are rapidly increasing our
backlog and accelerating the conversion of backlog into revenue,"
commented CEO of CleanSpark, Matthew Schultz. "While the timing of
shipments and other factors beyond our control will continue to cause
quarter-to-quarter variability in our revenue, the overall trajectory is
accelerating in an encouraging manner."
Larger companies, such as the French energy management and
automation expert Schneider Electric SE
(EPA:SU) (OTC:SBGSY) recently made an investment of an undisclosed amount in
AutoGrid Systems Inc, a firm that develops flexibility management software for
the energy industry.
While Schneider may not have mentioned exactly how much
its venture capital arm put into AutoGrid, they did make a note that the
investment would make it a major shareholder in the company.
This move helps create a co-innovation partnership between
the two, focused on artificial intelligence (AI) and machine learning solutions
for distributed energy resources (DERs). Also, it allows Schneider Electric to
make use of AutoGrid's existing utility and prosumer capabilities.
The most immediate benefit will be that Schneider Electric
will leverage the firm's Energy Internet and Flex platforms to add AI-driven
solutions for the distributed energy projects of its customers.
At present, AutoGrid has over 5,000 MW of distributed
energy resources under contract with energy companies such as Xcel Energy,
National Grid, Total, CPS Energy and CLP Holdings, among others.
Digital technology software solutions aren’t just being
used in the obvious sectors, but also in new and exciting ways such as ABB Ltd. (NYSE:ABB) who recently won a contract from Arctic Offshore Farming to
power its first-ever remote controlled submersible offshore salmon farm in the
Arctic Ocean. ABB will provide a comprehensive package of its leading
electrical, automation, instrumentation and telecom technologies that ensure
maximum efficiency and minimal environmental impact.
With the global market volume of salmon expected to hit
4.5 million tons by 2023, according to a 2018 report by Research and Markets,
the Arctic Offshore Farming project is looking for ways to farm fish in a more
sustainable manner. The submerged fish pens are less prone to sea lice which
have been linked to a decline in salmon production in Norway – one of the top
salmon exporters in the world. The offshore farm located in the Norwegian Sea,
part of the Arctic Ocean outside Troms, will have a lower environmental
footprint.
The farm will also be connected to ABB Ability™, the
company’s cross-digital software offering that collects environmental data,
including meteorological conditions, ocean currents, oxygen levels and sea
temperature. It also monitors the pH at different depths and the amount of
biomass in the cages.
“This unique concept is the perfect platform for ABB to
share its vision of building a sustainable and efficient aquaculture industry,”
said Kevin Kosiko, Managing Director ABB Energy Industries. “The unmanned fish
pens will be remotely controlled by a feed barge located 400 meters away. This
reduces the need for human intervention and thereby cuts fuel and electricity
consumption and will also enable new solutions for fish farming offshore and
onshore with a focus on fish welfare, traceability and food safety.”
Another large electrical giant, GE Renewable Energy, a
division of General Electric Company (NYSE:GE), recently signed a three-year agreement with Enel Green
Power to provide predictive operation and maintenance capabilities to the
group's hydro plants in Spain, with a total capacity of up to 3.2 GW.
The project will start by
evaluating the data coming from existing control and monitoring equipment, then
it will collect data from individual plants, gathering it in a centralized data
lake. From there, data is continuously captured and analyzed with APM (Asset
Performance Management) software. Predictive analytics from GE APM are gathered
and combined with extensive real-world experience from the operation of hydro
plants. GE's Hydro specialists will support EGP in data analysis to make
informed recommendations on areas for performance improvement and enhancement.
"The
Hydropower industry is shifting dramatically to a much more dynamic and data
intensive approach to plant management," said Pascal Radue, Chief
Executive Officer of GE's Hydro Solutions. "EGP is ahead of the industry
in seeing the potential to improve O&M by harnessing data across a hydro
plant in order to optimize OPEX, enhance plant efficiency and avoid
failures."
This new
contract highlights the growing development of GE Renewable Energy in the
digital hydropower space. Today, more than 90 hydropower plants generating more
than 30 GW are globally under management by GE's APM solutions.
APM
includes software, services and business-process support that together deliver
an enterprise-wide view of the impact of asset performance management
activities to help plant operators and owners make decisions and evaluate
trade-offs on how to run their plants.
It is expected we will continue to see
growth in sales and acquisitions in the energy software solutions sector
throughout 2019 as the cost of oil and gas and the demand for energy efficient
solutions becomes paramount for both large and small scale company success.
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