The Future of #Energy:
Continued Growth in Energy Solutions #Software and #Technology (OTC: $CLSK) (OTC:
$SBGSY) (NYSE: $ABB) (NYSE: $GE)
Point Roberts WA,
Delta BC – June 5, 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.
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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