Keep an eye on CleanSpark Inc. (CLSK).
The company is involved with microgrids, which could see big demand.
For one, utilities are realizing they can’t guarantee energy supply to their customers, especially in vulnerable areas and at the edges of the grid. Two, power outages are becoming commonplace with wildfires, storms, earthquakes, and other natural disasters in U.S. states.
And three, with California being scorched by heat, fire tornadoes, blackouts, and surging demand for energy, the grid may not be able to keep up with demand. That could very well lead to far bigger demand for microgrids moving forward.
“Rising demand for clean energy, increasing instances of cyberattacks on energy infrastructures, growing requirement for reliable & secure global power supply, and rising global deployment of microgrids for rural electrification are key factors driving the market growth.”
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