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Thursday, June 06, 2019
Wednesday, June 05, 2019
The Future of #Energy: Continued Growth in Energy Solutions #Software and #Technology (OTC: $CLSK) (OTC: $SBGSY) (NYSE: $ABB) (NYSE: $GE)
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.
For investors following solar and renewable energy stocks visit the Investorideas.com stock directory. Learn more about investing in renewable energy at www.renewableenergysstocks.com
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this article featuring (OTCQB: CLSK) is a paid for service on Investorideas.com (two thousand one hundred twenty) by a third party.
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Wednesday, May 22, 2019
Investorideas.com - Special edition of InvestorIdeas Cannabis Potcast with SinglePoint Inc. (OTCQB: $SING); Solar and Cannabis Combine for a Bright Future
Investorideas.com - Special edition of InvestorIdeas Cannabis Potcast with SinglePoint Inc. (OTCQB: $SING); Solar and Cannabis Combine for a Bright Future
www.investorideas.com - News that inspires big Ideas
www.investorideas.com - News that inspires big Ideas
Tuesday, May 21, 2019
Special Edition Investor Ideas #Potcast Features Interview with President of #SinglePoint Inc. (OTCQB: $SING) Discussing #Solar Acquisition and Business Strategy
Special Edition Investor Ideas #Potcast Features Interview with President of #SinglePoint Inc. (OTCQB: $SING) Discussing #Solar Acquisition and Business Strategy
From #Cannabis to Solar, Crypto or Psilocybins -SinglePoint Inc. is on the Cutting Edge
Point Roberts WA, Kelowna BC – May 21, 2019 - Investorideas.com , a global news source covering leading sectors including cannabis and solar stocks and its potcast site, www.potcasts.ca release a special edition of Investorideas.com potcastsCM - cannabis news and stocks to watch.
Listen to the podcast featuring an interview with Will Ralston, President of SinglePoint Inc. (OTCQB: SING):
Read this in full at
Ralston discusses SinglePoint’s latest acquisition of Direct Solar, their largest deal to date as well as the company’s expectations for 2019.
Direct Solar operates on a Lendingtree/Rocket Mortgage model in which the company provides homeowners options for installers that service their area and the loan programs they have access to. This allows the company to expand throughout the US and globally. With the backing of SinglePoint, Direct Solar will have the ability to quickly scale into new markets and establish the company’s foothold in the Solar market.
"This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability. We believe Direct Solar has the people and the ability to scale beyond initial projections and truly make an impact on SinglePoint's goal of getting a NASDAQ or NYSE. We believe in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path," states Greg Lambrecht, CEO of SinglePoint in their recent press release discussing the acquisition.
Mr. Ralston mirrored this sentiment when discussing Direct Solar, with high expectations of growth and revenue for 2019.
“What’s driving the growth of Direct Solar is there are so many customers looking to not only save on their energy and power costs, but also reduce the amount of energy they are using derived from fossil fuels and to have access to a more renewable energy source.”
Speaking about their customers, when asked where Direct Solar intends to focus first, more in commercial or residential sectors, he sees a good blend of the two in their future.
“Residential is a big component. We (Solar companies) just passed the 2 millionth install residentially but we also see a massive potential in commercial systems as well. We’ve recently seen a lot of large companies like Amazon working with solar and some opportunities to establish micro-grids in small communities. We will be working with different cannabis cultivation. That’s one of our reasons for buying this company. Because of the power intensiveness that it does take to grow cannabis currently, there is a massive opportunity to create efficiencies and save money on your energy costs when cultivating cannabis, hemp or any other indoor plants for that matter.”
Regarding larger companies moving towards renewable energy, Facebook, General Motors and Walmart, along with over 300 other companies recently launched the Renewable Energy Buyers Alliance (REBA), the largest group of corporate renewable energy buyers in the United States, which will work to unlock the marketplace for organizations to buy renewable energy with more than 60 gigawatts of new renewables online in the United States by 2025.
Will explained in the interview that the “receptiveness (in the industry) is there, and we are seeing tremendous growth. As solar becomes more affordable and climate change and efficiency becomes more top of mind for people, we are seeing that tick up. We saw a little lull about 3 years ago, but about 2 years ago we saw the installations just start to go off the charts. Adoption is there, people are becoming more aware and it’s affordable now.”
Singlepoint has been at the cutting edge of emerging markets with SingleCoin (Cryptocurrency Payments), SingleSeed (Cannabis) and now Direct Solar (Solar) and when asked about the next emerging sector, Will expressed some interest in the latest psilocybin developments in Colorado earlier this month.
Over the past few years psilocybin research, much like DMT and pre-legalization cannabis has had a surge of returned research, specifically in dealing with psychosis and PTSD therapy.
Will went on to say, “I think that’s the next big wave if looking at the cannabis side of things. We believe there is a heavy opportunity there for many companies and we hope that we can participate in that, probably through the purchase of some sort of manufacturing facility early on.”
That may be a way off though as any serious form of legalization is still several years away, which allows SinglePoint to focus on the future with Direct Solar.
“Direct Solar has put us on the financial grounds that will provide the company with the revenues and EPS that is required of us to make a move to either the NASDAQ or the NYSE. We believe we can really push this company to the next level, which in return will push SinglePoint to the next level,” Will continued.
Also read part one of this two part series discussing SING solar acquisition:
Investorideas.com podcasts are also available on iTunes, Spotify, Google Play Music, Stitcher, Spreaker, YouTube via Spreaker, iHeartradio and Tunein.
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. For Disclosure purposes this podcast creation and distribution featuring SinglePoint Inc is a paid for service on Investorideas.com.
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Friday, May 17, 2019
Thursday, May 16, 2019
As Google, Facebook and Walmart Bet on #Renewable and Smart #Energy, Smaller Companies with Solutions See Revenues Rise (OTCQB: $CLSK) (NASDAQ: $ENPH) (TSXV: $QST.V) (TSXV: $UGE.V)
As Google, Facebook and Walmart Bet on #Renewable and Smart #Energy, Smaller Companies with Solutions See Revenues Rise (OTCQB: $CLSK) (NASDAQ: $ENPH) (TSXV: $QST.V) (TSXV: $UGE.V)
Point Roberts WA, Delta BC – May 16, 2019 - Investorideas.com, one of the first investor news resources covering renewable energy stocks releases a sector snapshot reporting on the surge in cleantech and smart energy technology driven by industry leaders now willing to bet heavily with investing and spending in the sector.
Google, Facebook, General Motors and Walmart, along with over 300 other companies, recently announced the launch of the Renewable Energy Buyers Alliance (REBA), which will be the largest group of corporate renewable energy buyers in the United States. By working to unlock the marketplace for organizations to buy renewable energy, REBA hopes to bring more than 60 gigawatts of new renewables online in the United States by 2025.
Read this in full at https://www.investorideas.com/news/2019/renewable-energy/05162SmartEnergy.asp
"Every enterprise - whether it's a bakery, a big-box retailer, or a data center - should have an easy and direct path to buy clean energy. Ultimately, sourcing clean energy should be as simple as clicking a button," said Michael Terrell, head of Energy Market Strategy, Google, and REBA's first Board Chair.
"Today's REBA launch demonstrates that large energy buyers from across every sector are committed to doing their part to solve this problem," said Rob Threlkeld, Global Manager, Sustainable Energy/Supply Reliability at General Motors.
This development has helped spark a spending surge in the sector and smaller companies offering solutions are directly benefiting from the revenue flow.
CleanSpark, Inc. (OTCQB: CLSK), a microgrid company with advanced engineering, software and controls for innovative distributed energy resource (DER) and microgrid deployments recently announced that it has secured $2.5 million in orders for its intelligent automatic transfer switch (ATS) switchgear. The Company's Intelligent ATS switchgear is used to automatically transfer power supply from its primary source to a backup source when it senses a failure or outage in the primary source, thus ensuring uninterrupted power. It also allows the end-user the opportunity to participate in regional energy markets when it makes financial sense to sell surplus power back to the grid.
CleanSpark's new order is to a current customer that provides back-up power solutions and microgrids to its clients. The end user of the Company's intelligent ATS switchgear from this order is a regional grocer located in the state of Texas. In addition to the $2.5 million order, this week the Company also shipped the first units of a limited trial contract for an order of its intelligent ATS switchgear for end use by one of the nation's largest retailers, with over 6,300 stores in the US. If successful, this trial could result in a significant number of additional units during the next couple of years.
"Our continued order wins are the result of the high quality of our products and the close relationships that we have with our customers. This new order will provide improved visibility in upcoming quarters and contribute to our strong growth outlook," said CEO of CleanSpark, Matthew Schultz.
Mr. Schultz continued, "We are particularly excited about the trial that is taking place with a large national retailer and are optimistic of a successful outcome. If successful, this would result in very significant orders having a positive impact on our business for the next several years. As grid related power outages become disruptive to business operations, we think the need for backup power sources will drive increased demand for our products."
Enphase Energy, Inc. (NASDAQGM: ENPH), a global energy technology company and the world’s leading supplier of solar microinverters recently announced their financial results for the first quarter of 2019, which included a summary from its President and CEO, Badri Kothandaraman.
He commented on the company’s financial results saying, “Our first quarter revenue was $100.2 million, an increase of 9% sequentially and an increase of 43% year-over year. We shipped approximately 306 megawatts DC, or 976,410 microinverters and we continued to see strong demand across the board from our customers, overcoming the typical first quarter seasonality in the solar industry.”
On April 15, 2019, the company also announced that over 2,500 homeowners have joined the Enphase Upgrade Program, a service program that gives homeowners several options for upgrading to the latest, more efficient and reliable micro inverter technology from Enphase. This program is for warranty holders of legacy Enphase microinverters and represents the Company’s commitment to quality and service. Participation is entirely voluntary, and Enphase continues to stand by the warranties for its products in the field.
Questor Technology Inc. (TSX-V: QST) also announced its financial and operating results for the first quarter of 2019.
Audrey Mascarenhas, President and Chief Executive Officer of Questor commented, “The Questor team delivered strong results for Q1 2019 with the highest quarterly revenue, profit and earnings per share in the Company’s history. Our first quarter 2019 revenue grew by 29% to $7.7 MM compared to the same period from 2018. This is a direct result of our top performing emissions control technology that is being recognized for its 99.99% efficiency, superior technical and field support, sales initiatives to secure longer-term rental contracts and the recognition of revenue from the incineration and heat to power project recently awarded in Mexico.”
“The strong performance in the first quarter of 2019 is a result of great effort by the Company to secure contracts and to continually succeed in accessing new markets. The combination of an increased sales contribution and the Company securing longer-term rental contracts with rate-based incentives has resulted in an 11% increase in gross profit over the same 3-month period in 2018. The Company continues to pursue areas for our rental incineration which has been critical to the penetration and success in North Dakota and to our initial entry into Texas, Wyoming and New Mexico. We are targeting spending between $7-10 million this year on the rental fleet to support our continued growth. The Company has managed to secure 40% of the rental fleet on rate-incentive based longer-term contracts that has allowed for efficient planning within our Operations while solidifying a predictable outlook of growing activity,” Mascarenhas continued.
UGE International Ltd. (TSX-V: UGE) (OTCQB: UGEIF), a leader in solar solutions for the commercial and industrial sector recently announced several project updates in Canada and the USA.
In Canada, UGE reached substantial completion on the last four sites of its Peterborough portfolio earlier this month, meaning that the full 15-site, 9MW portfolio is now operational. The portfolio is the Company's largest to date.
"Building solar projects in Ontario in the winter is a significant challenge and we are very thankful to both the UGE project team and the Peterborough Utilities team for their dedication and perseverance," stated Robert van Duynhoven, President of UGE Canada. "The team leveraged our years of experience to work through every obstacle faced, performing exceptionally throughout."
In addition, UGE's engineering and consulting subsidiary, UGE Consulting Services Co, Ltd. has been awarded a phase one contract to study the feasibility of microgrids in Burkina Faso, as well as a maintenance contract for a previously installed commercial solar project in Ontario. In both cases contract values were below $100,000, but above the Company's 23% gross margin target, with work to be completed in the coming months.
In Minnesota, UGE achieved final completion on two of the last three projects in its four-site school’s portfolio that was acquired as part of the CSPC acquisition. The final site, which is the portfolios smallest, is expected to achieve its final completion within the next four weeks. In addition, UGE announced that its 3.1MW project in the northeast US with a previously unnamed client, is with Con Edison, the New York City-based utility, and they will be providing further updates as the project progresses.
"UGE is excited to start several new chapters in 2019, as past EPC portfolios are wrapped up and new projects in our US and Philippines markets kick off," said UGE's CEO, Nick Blitterswyk. "This year we expect to build a record number of projects in both markets where we focus on self-developed opportunities."
With the help of REBA, smaller renewable energy companies have a chance to begin to overtake the crude energy sectors, especially as rising grid costs, energy costs and oil prices continue to be a serious issue for any large scale company.
For investors following solar and renewable energy stocks visit the Investorideas.com stock directory. Learn more about investing in renewable energy at www.renewableenergysstocks.com
About Investorideas.com - News that Inspires Big Investing Ideas
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column, Cleantech and Climate Change Podcast and the AI Eye Podcast and column covering developments in AI.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure: this article featuring (OTCQB: CLSK) is a paid for service on Investorideas.com (two thousand one hundred twenty) by a third party.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com
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Wednesday, May 15, 2019
#Solar Stocks Gain Momentum – Solar Plays Key role in #Cannabis and Auto Manufacturing #Energy Savings (OTCQB: $SING) (OTC: $RGSE) (NASDAQ: $EVSI) (TSX: $NPI.TO)
#Solar Stocks Gain Momentum – Solar Plays Key role in #Cannabis and Auto Manufacturing #Energy Savings (OTCQB: $SING) (OTC: $RGSE) (NASDAQ: $EVSI) (TSX: $NPI.TO)
Point Roberts WA, Delta BC – May 15, 2019 - Investorideas.com, one of the first investor news resources covering solar stocks releases a sector snapshot featuring SinglePoint Inc. (OTCQB:SING), Walmart, RGS Energy, Envision Solar and Northland Power discussing the rise of solar energy as large-scale industries from cannabis to car manufacturers look to utilize cleantech to offset high energy costs.
This growing importance of solar was discussed in a recent article from Solar Industry Mag. C2 Energy Capital LLC has recently executed 46 power purchase agreements and leases with Walmart Inc. to provide solar power at the retailer’s operations in five states.
Read this in full at https://www.investorideas.com/news/2019/renewable-energy/05152Solar-Cannabis-AutoManufacturing.asp
“These agreements represent a tangible commitment by Walmart (NYSE: WMT) to achieve a goal of having 50% of its operations powered by renewable energy by 2025. The solar installations will produce more than 65,000,000 kWh of renewable energy annually, enough to power nearly 5,500 homes. The projects are expected to supply approximately 10%-60% of each store’s overall electricity use.”
“Solar is a vital component of Walmart’s expanding renewable energy portfolio,” says Mark Vanderhelm, Walmart’s vice president of energy. “Walmart plans to tirelessly pursue renewable energy projects that are right for our customers, our business and the environment. These planned projects with C2 Energy Capital are moving us in the right direction toward our renewable energy goals.”
SinglePoint Inc. (OTCQB:SING) recently announced the successful completion of the Asset Purchase Agreement with Direct Solar and AI Live Transfers dated February 22, 2019. Direct Solar is the largest acquisition to date for SinglePoint and instantly puts the company squarely into the renewable energy market. According to Hexa Research the solar market is expected to reach 20.09 Billion USD by 2025. Direct Solar provides a Lendingtree/Rocket Mortgage way for customers to assess and purchase solar. This model allows for the company to scale quickly and efficiently throughout the United States and globally.
“This acquisition will securely place SinglePoint on a new path towards growth, revenue and overall profitability. We believe Direct Solar has the people and the ability to scale beyond initial projections and truly make an impact on SinglePoint’s goal of getting a NASDAQ or NYSE. We believe, in the following 12 months from the date of the acquisition, revenues will be in the multiple millions along with profitability. This acquisition is a new opportunity and puts SinglePoint on a whole new trajectory path,” states Greg Lambrecht, CEO of SinglePoint.
Recently in an article posted by CleanTechnica, CEO Abigail Ross-Hopper went on to comment, “The rapid growth in the solar industry has completely reshaped the energy conversation in this country,” said Abigail Ross-Hopper, SEIA president and CEO. “This $17 billion industry is on track to double again in five years, and we believe that the 2020s will be the decade that solar becomes the dominant new form of energy generation.”
Direct Solar has seen tremendous growth over the past year which aligns well with the industry overall. In Q4 2018, the US solar market installed 4.2 GWdc of solar PV, a 139% increase from Q3 2018 and a 4% increase from Q4 2017. This is attributed to environmental awareness and the overall cost of solar becoming affordable for customers.
Solar is a massive opportunity both locally and globally. Locally, the concept of community solar panel systems is gaining popularity in the US and globally the market is expected to reach 100 gigawatts.
Above and beyond residential solar, SinglePoint has been in discussions and contact with companies that are interested in utilizing solar to increase power efficiencies for their cannabis cultivation. SinglePoint believe there is a major opportunity to marry cannabis and solar to help decrease costs and the overall energy intensive indoor cultivation of cannabis.
A recent article in Forbes discussed, in honour of Earth Day, the many sustainability questions regarding cannabis cultivation, with the two largest factors continuing to be energy consumption and waste production-two issues many cannabis companies are beginning to look into addressing as the industry attempts to reach scale.
In the article: “Theories abound on how to make cannabis production more sustainable. Independent farmers believe that the “marijuana Monsantos” that are muscling in are only going to make things perpetually more detrimental for the environment and the instability of the planet in the years to come. The lack of sustainability, vast amounts of water and electricity necessary for cultivation is the elephant in the room of any smoke session.”
Cannabis, though an obvious partner with solar, looks to be the rule not the exception as a recent article in CBS discussed how as crude energy prices continue to rise, and the price of renewable energy sources like solar and wind become more efficient and cost effective, solar looks poised to have a strong year in 2019. As SinglePoint Inc. has positioned itself in both the cannabis and solar sectors through acquisitions, it is betting on the synergies to pay off.
RGS Energy (OTC: RGSE), the exclusive worldwide manufacturer of the visually stunning POWERHOUSE™ Solar Shingle System, announced that it has completed the previously announced $3.3 million registered offering of (A) 15,938,280 “Primary Units,” each consisting of one share of Class A common stock, par value $0.0001, or “Common Stock,” and a Series R Warrant to purchase one share of Common Stock, and (B) 1,430,141 “Alternative Units,” each consisting of one prepaid Series S Warrant to purchase one share of Common Stock and a Series R Warrant to purchase one share of Common Stock. The investors paid $0.19 for each Primary Unit and $0.18 for each Alternative Unit at closing, for aggregate gross proceeds of approximately $3.3 million.
“You may recall that we mentioned during the third quarter conference call that because we started our POWERHOUSE™ business from scratch, the first few quarters would be bumpy until we could achieve an equilibrium between our demand and supply,” said Dennis Lacey, RGS Energy’s CEO. “Our commercial launch coincided with the historically slow season for solar system sales in the first quarter, so it has been challenging. However, we have over 250 local roofers in our system, recently won ‘Best Energy Efficient Product’ award for POWERHOUSE™ at NAHB IBS, and expect to do better as we enter the historically busy season for solar system sales. Our less than expected start to 2019 made it necessary for us to raise additional capital. We appreciate the support of our shareholders.”
After RGS Energy pays the placement agent fees and estimated offering expenses, RGS Energy expects to receive net proceeds of approximately $2.9 million.
Envision Solar International, Inc., (NASDAQGM: EVSI), a leading producer of unique and sustainable infrastructure products for electric vehicle charging, energy security and outdoor media, announced that the County of San Diego Operations Center featured the EV ARC™ portable, solar-powered EV charging solution at its Earth Day Outreach event.
The County of San Diego created a strong operations strategy to reduce greenhouse gas emissions produced by transportation in 2015. Its goal to explore replacing its fleet with alternative fuel vehicles and deploying charging infrastructure has been met with the adoption of electric fleet vehicles and purchase of the EV ARC™ product. Not only will it provide the County’s fleet with 100 percent clean power, but the unit will also contribute to its goals of reducing their grid-tied energy usage and utilizing renewable energy. The EV ARC™ product is entirely solar-powered and grid-independent, meaning that the County will never receive a utility bill from charging their Evs. Featuring EV ARC™ at the Operations Center’s Earth Day Outreach event showcased the County’s commitment to investing in clean energy and the importance of transitioning from gas-powered vehicles in San Diego County.
Northland Power Inc. (TSX: NPI) announced that a final investment decision has been reached on its La Lucha solar project in the State of Durango, Mexico. Northland owns 100% of the 130 megawatts solar project which will have a total capital cost of approximately CAD $190 million.
Recent Mexican energy reforms have resulted in strong market fundamentals and created bilateral power generation and marketing opportunities, backed by growing industrial demand for power and renewable attributes. La Lucha will advance to construction while Northland’s experienced development team in Mexico continues to negotiate bilateral power contracts with a range of local commercial and industrial offtakers in the market.
“The robust fundamentals of Mexico’s power markets give us the confidence to build La Lucha as our first attractive investment opportunity in the country,” said Javier Chavarria, Managing Director, Development for Latin America. “There is significant interest within the Mexican industrial sector to meet some of their energy needs through contracts linked to renewable power facilities like La Lucha.”
“Today’s decision represents an exciting step in the evolution of Northland’s generation business with our first project focused on the commercial and industrial customer segment,” noted Mike Crawley, President and CEO of Northland. “La Lucha is the first investment opportunity to come out of our regional development offices located in Toronto, Houston, London, Seoul and soon, Tokyo. These offices are designed to put knowledgeable, local and experienced development teams on the ground in our identified growth markets. This also represents our first step towards moving closer to the end customer in select markets to drive more accretive growth.”
This article is the first in a two part series featuring SinglePoint Inc., to be followed up with a podcast interview with management that will dive deeper into the Company’s recent acquisitions in the solar and cannabis industries.
For investors following solar and renewable energy stocks visit the Investorideas.com stock directory. Learn more about investing in renewable energy at
For investors following cannabis stocks, Investor Ideas has also created a stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, and ASX Marijuana/Hemp Stocks
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