Software Services Firm CleanSpark Acquires California Installer Solar Watt Solutions
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 installation and storage team will accelerate CleanSpark’s residential plans, as well as its mVoult microgrid product line.
âWe are extremely happy to join the great team at CleanSpark. With their products and their resources behind Solar Watt, we will be able to accelerate growth in the California area, âsaid David Watt, founder of Solar Watt. âWe plan to grow and be able to offer new product lines while continuing to provide the excellent service our customers have come to expect, which is the basis of our success. “
CleanSpark President and CEO Zachary Bradford said: âOver the past year we have worked with Solar Watt as a partner to strategically expand our collective selling 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 order book immediately positions CleanSpark as a player in the California residential micro-grids market for direct sales to consumers. In addition to running their existing pipeline, Solar Watt will be the backbone of the Southern California team for CleanSpark’s new mVoult residential product line. We will continue to focus on the nationwide one-to-many sales approach through partnerships with companies similar to Solar Watt, but this acquisition will allow us to rapidly expand mVoult and residential sales in California. South where we have a local presence and a large commercial footprint.
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