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Strategic & Financial Advisory for Clean Technology & Renewables

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Press Release

CleanSpark Retains Clean Power Capital for Strategic and Financial Advisory Services

Strategic Financial Advisory firm (“CPC”) strengthens its commitment to identifying, advising and funding microgrid software and control platforms through its engagement with CleanSpark.

SAN FRANCISCO, Calif. (BUSINESS WIRE) – October 13, 2015 – CLEAN POWER CAPITAL (“CPC”) services clients in the accelerating Clean Technology and Renewables markets with a focus on best of breed microgrid applications. As a fundamental building block of the Smart Grid, the total addressable market for microgrids is robust with it projected to surpass $40.0 billion by 2020 (Navigant Research Q4 2013). More broadly, worldwide investment in microgrid enabling technologies is expected to total more than $155.0 billion from 2014 through 2023.

CPC will provide CleanSpark with financial and advisory services to position the Company’s core business and help shape a defensible growth strategy for potential strategic and financial investors.

“We are pleased to strengthen our ongoing focus and commitment to supporting viable, innovative solutions that address the need for rising global energy demands, a continuing issue resulting from expansive dependence on archaic energy generating and storage systems, by contracting with CleanSpark,” said Mark D. Hill, Managing Partner at CPC. “The CleanSpark team has extensive expertise in the energy industry, particularly as it relates to civil, industrial, and commercial design-build project management in advanced sustainable systems and infrastructures.”

“CleanSpark’s competitive advantage lies in efficiency and price point.” said Philip Father, CPC’s Senior Advisor for Strategic Initiatives. “Their flex Power System, an all-inclusive energy management platform, delivers renewable energy at costs below other providers in the retail market, including traditional power sources, through transformative microgrid technology and architecture. Couple that with turnkey solutions and the ability to wirelessly integrate with building loads, CleanSpark and their partners become the most efficient, affordable, integrated microgrid solution in the market.”

Michael Firenze, CleanSpark’s President and CEO, adds, “We are excited to be working with CPC. They have demonstrated cost effective financing solutions for Cleantech companies and Renewable projects and are committed to finding similarly innovative financing solutions for CleanSpark to help accelerate innovation in the microgrid sector. CPC’s expertise in corporate financing, as well as their knowledge and deep relationships in the industry, will help us achieve our goals. ”

About CleanSpark

Founded in 2013, CleanSpark (“CS”) is a Poway, CA clean technology company that has developed a proprietary energy management platform: the flex Power System (“fPS”). The fPS delivers renewable energy at costs below any provider in the retail market including traditional power sources through transformative microgrid technology. To date, the company has two successful installations for the U.S. military and at the Company’s Head Quarter office. Additionally, CS has begun several projects with several major strategic entities, including large C&I portfolios and the Department of Defense.

The Company enjoys several strategic partnerships, including those with Webcor Construction and Sungevity, Inc.

The core team at CleanSpark holds decades of experience in several vital disciplines and verticals: from Independent Power Producer deal structuring; to business management with Fortune 500 companies; and civil, industrial, and commercial design-build project management in advanced sustainable systems and infrastructures.

For more information please see www.cleanspark.com

Contact:

Steve Smith
CleanSpark, LLC
Chief Financial Officer
ssmith@cleanspark.com
+1-925-451-3985

About CLEAN POWER CAPITAL

CLEAN POWER CAPITAL (“CPC”) is a private investment bank committed to servicing clients in the accelerating Clean Technology and Renewables markets across a wide array of subsectors; from waste-to-value, energy efficiency including storage and smart grid, to alternative fuels and energy, to water and agriculture.

The firm prides itself on providing well-structured Corporate and Project financing by accessing the international finance markets to ensure the most competitive and strategic sources for debt, equity and tax equity investment on behalf of our clients. CPC specializes in finding optimum solutions in financing for both private and public companies with growth capital needs of $5 million to over $100 million, as well as projects and project portfolios with financing needs of $20 million to over $500 million. Our experienced senior banking team have provided lending services and participated in funding Technology businesses and Renewable projects totaling over $2.1 billion for growth capital, working capital, assets, licensing, mergers & acquisitions (M&A), Initial Public Offerings (IPO), and other financing events.

For more information please see www.CLEANPOWERCAPITAL.net

Contact:

Matt Marvin
Clean Power Capital, LLC
matt@cleanpowercapital.net
+1-415-233-1401

Caution Concerning Forward-Looking Statements

This news release contains 'forward-looking statements.’ Such forward-looking statements can be identified by, amongst other things, the use of forward-looking language, such as the words 'plan', 'believe', 'expect', 'anticipate', 'intend', 'estimate', 'project', 'may', 'would', 'could', 'should', 'seeks', or 'scheduled to', or other similar words, or the negative of these terms, or other variations of these terms or comparable language, or by discussion of strategy or intentions.

Such forward-looking statements are subject to various risks including, but not limited to, assumptions, estimates, and uncertainties that reflect current internal projections, expectations or beliefs. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. All forward-looking statements contained in this news release are qualified in their entirety by these cautionary statements and the risk factors described above. Furthermore, all such statements are made as of the date of this release, and CPC assumes no obligation to update or revise these statements unless otherwise required by law.