$XSNX Up +40% announced today that it has begun to see inquires for its solar + energy storage solutions for use in commercial cannabis grow operations. Interest in solar PV and energy storage solutions by commercial cannabis growers stems from the legalization of recreational cannabis use in California.
Indoor grow operations for cannabis are energy-intensive and California utility rates, among the highest in the nation, can add significantly to operational costs for growers. With indoor grow operations utilizing extensive lighting and environmental controls, the use of solar PV paired with energy storage is ideally suited to meet the load requirements for these operations.
“The pairing of commercial solar rooftops and solar canopies with energy storage can more than double energy savings and reduce energy costs by hundreds of percent for indoor grow operations. This can create meaningful long term operational cost reductions for cannabis growers,” stated Tom Djokovich, CEO of XsunX, Inc. “And, through our lending network, we can offer property assessed clean energy (PACE) financing for facility energy efficiency upgrades which can help cannabis operations avoid the complexities of conventional bank based loans and Federal regulations,” continued Mr. Djokovich, CEO of XsunX, Inc.
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