Software and services company CleanSpark has completed the strategic acquisition of Solar Watt Solutions, a Southern California commercial and residential solar developer. This acquisition of an experienced solar and storage installation team will accelerate CleanSpark’s residential plans, along with its microgrid product line mVoult.
“We are extremely excited to join the great team at CleanSpark. With their products and resources behind Solar Watt, we will be able to expedite growth in the California area,” said David Watt, Founder of Solar Watt. “We anticipate scaling up and, being able to offer new product lines while continuing to provide the excellent service our customers have come to expect, which is the foundation for our success.”
CleanSpark’s President and CEO, Zachary Bradford, stated, “Over the past year, we have been working with Solar Watt as a partner to strategically expand our collective sales efforts. As a result, upon closing our transaction to acquire Solar Watt, we added more than $10 million of executed contracts to our backlog. This backlog immediately positions CleanSpark as a player in the direct-to-consumer California residential microgrid market. In addition to executing on their existing pipeline, Solar Watt will form the backbone of the Southern California team for CleanSpark’s new residential mVoult product line. We will continue to devote our efforts to the one-to-many sales approach nationwide through partnerships with companies similar to Solar Watt, but this acquisition will allow us to rapidly scale mVoult and residential sales in Southern California where we have a local presence and a large sales footprint.”
News item from CleanSpark