SALT LAKE CITY, Oct. 26, 2016 /PRNewswire/ -- Stratean (OTC: SRTN), a microgrid company which is combining a patented "stratified" downdraft gasifier with advanced engineering and software and controls for innovative distributed energy resource management systems, today announced that CleanSpark, LLC, Stratean's wholly-owned subsidiary, is expanding its presence in the microgrid market to include the engineering, installation and storage of solar energy solutions for residential application, in addition to its existing offerings in the commercial and military marketplaces.
Matthew Schultz, Chief Executive Officer of Stratean, Inc., commented, "Combining solar installation and energy storage with our advanced energy software and control technology for residential use is a natural extension of our existing CleanSpark business. There is strong demand for clean and efficient energy alternatives in the residential space in lieu of traditional energy sources. Our modular, plug-and-play approach directly addresses this demand and provides the flexibility to procure a stand-alone solar installation, a grid-tied solar installation or a hybrid solution, to fit any customer's needs and budget."
The new residential offering includes initial energy evaluation and recommendations, solar solution engineering, turn-key installation and energy storage integration. The company is able to combine its managed software tools and solutions with a breadth of energy storage solutions to design and install a "best-fit" integrated solution for its customers. This unique, vendor-neutral approach to energy storage and microgrid management is a clear differentiator in the marketplace. In addition, as a registered contractor in the Renovate America's network, the company offers HERO and Benji financing options to qualified customers.
"With the cost of energy storage gradually coming down, residential solutions are approaching an acceptable investment hurdle rate that provides material economic benefit in addition to the inherent functional benefits of microgrid storage," continued Schultz. "Without a storage component, a power failure along the grid will disrupt power at a residence, even on a sunny day. Our solution addresses this shortcoming. In addition to the functional benefits of retaining critical power supply for use in the event of grid disruption, stored energy can be accessed during peak power consumption to lower overall utility costs and support higher investment returns. Furthermore, the cost of installation and operation can often be offset even further with state and federal incentives and tax credits, including the Solar Investment Tax Credit (ITC). As costs continue to come down and the promise of reasonable investment returns is achieved, we are well-positioned to offer solutions that range from the most basic, stand-alone installations to fully-integrated solar and energy storage solutions to capitalize on the explosion in the solar energy market."
CleanSpark offers advanced energy software and control technology that enables a plug-and-play enterprise solution to modern energy challenges. By integrating new and existing energy generation and storage assets with advanced load management capacities, CleanSpark's software allows energy generated locally to be shared with other interconnected microgrids. This unique capability enables microgrids to be scaled and widely adopted for commercial, industrial, military, municipal, and remote community deployment.
For more information on CleanSpark, please visit http://www.cleanspark.com.
About Stratean, Inc.
From the trash can to the gas can, Stratean, Inc. has successfully designed, engineered, manufactured and patented a revolutionary 'stratified' downdraft gasifier. Our partners, such as Petersen, Inc., ICON Renewables, Combustion Resources and others have worked with us to create a logical solution for profitably handling MSW, Coal, Plastics, Municipal Sewage and many other feedstocks. All with ZERO airborne emissions. We've aligned ourselves with research universities such as Utah State University, The University of Utah, and BYU to certify and maximize the efficiencies and production of our technology. To learn more, visit http://www.stratean.com/.
Information about Forward-Looking Statements
Statements in this press release relating to plans, strategies, testing and operational performance, projections of results of specific activities and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in the Company's filings with the United States Securities and Exchange Commission (the "SEC"). For a more detailed description of the risk factors and uncertainties affecting the Company, please refer to the Company's recent SEC filings, which are available at http://www.sec.gov. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Investor Relations:
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SOURCE Stratean, Inc.