Benzinga | May 25, 2021 09:32AM EDT

CleanSpark's Solar Watt Solutions Unit Reports Partnership Initiative With FAFCO To Expand CoolPV Operations Into Malibu, Santa Barbara, San Fernando Valley In California

Solar Watt Solutions, a wholly owned subsidiary of CleanSpark, Inc (NASDAQ:CLSK), today announced a new partnership initiative with FAFCO, the nation's oldest and largest solar thermal manufacturer, to expand CoolPV Operations into Malibu, Santa Barbara and the San Fernando Valley in California. Solar Watt Solutions will increase solar and storage installations for its customers into the regions bringing cost-effective and sustainable backup energy solutions to Southern California homeowners.

Solar Watt Solution's customers can now access the company's sustainable methods of heating residential pools using renewable solar CoolPV panels provided by FAFCO. CoolPV, an enhanced solar electric system that provides improved electrical output and energy to heat pool water, utilizes a single panel that optimizes the homeowner's solar roof space. CoolPV customers generate 20 percent more energy with the solar electric system and thermal energy to heat the pool. Additionally, CoolPV captures four times more energy from the sun than a traditional solar electric system, resulting in significant cost savings for customers.

The United States' agenda to halve carbon emissions by 2030 coupled with the Federal solar tax credit program have driven up demand for affordable, residential energy solutions across the state. Solar Watt Solutions President, David Watt comments, "Renewable energy sources will be a critical part of reversing the damaging effects of climate change. Our conscientious customers are prepared to make the necessary changes to their homes in an effort to combat climate change for future generations. Solar Watt Solutions is helping California residents make significant strides toward these goals. Our partnership with FAFCO will enable us to support more homeowners by adding solar CoolPV systems that heat their swimming pools while providing significant cost savings on their monthly utility bill."

Since 2009, Solar Watt Solutions and FAFCO have increased solar and storage installations to San Diego, California residents. Solar Watt Solutions is the number one installer of CoolPV systems in the United States and FAFCO has been a leading provider of solar pool heating equipment for over fifty years.

"Homeowners across Southern California are eager to power their homes and heat swimming pools in the same roof space. Residents in Malibu, Santa Barbara and San Fernando Valley in particular, are driving up demand for our solutions, making this the perfect time to expand operations into these regions with Solar Watts Solutions," said Phil DelNegro, Chief Revenue Officer, FAFCO.

Parties interested in learning more about CleanSpark products and services are encouraged to inquire by contacting the Company directly at info@cleanspark.com or visiting the website at www.cleanspark.com.