Clear Blue Technologies

Clear Blue Technologies

Delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, off-grid power for lighting, telecom, security, Internet of Things devices, and other critical systems.

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CAD1.6m

Private Placement VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
CAD2018201920202021202220232024
Revenues0000000000000000000000000000
% growth65 %5 %1 %103 %(68 %)105 %(49 %)
EBITDA0000000000000000000000000000
% EBITDA margin(210 %)(112 %)(78 %)(31 %)(112 %)(34 %)(91 %)
Profit0000000000000000000000000000
% profit margin(214 %)(128 %)(95 %)(42 %)(218 %)(72 %)(400 %)
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000
R&D % of revenue43 %34 %37 %-8 %6 %16 %

Source: Company filings or news article

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More about Clear Blue Technologies
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Clear Blue Technologies International Inc., trading as Clear Blue Technologies (TSX-V: CBLU), operates in the renewable energy sector with a specific focus on off-grid power solutions. The company was co-founded in 2011 by Miriam Tuerk and John Tuerk, who brought their extensive experience from the telecommunications and high-tech industries to address the challenges of remote power reliability. Miriam Tuerk, the CEO, has a background in software and mobile technology, while John Tuerk, the CTO, has a history in telecom hardware engineering. This combined expertise underpins the company's core value proposition: merging green energy with cloud-based communication and control technologies.

The business centers on providing smart off-grid power for essential infrastructure such as lighting, security systems, and mobile power solutions. Its target markets include governments, municipalities, and commercial enterprises requiring reliable power in locations where traditional grid access is unavailable, unreliable, or economically unfeasible. Clear Blue generates revenue through the sale of its hardware, including its proprietary Smart Off-Grid controllers, and through recurring fees for its Illumience cloud software and energy-as-a-service (EaaS) offerings.

At the core of its product suite is the Smart Off-Grid controller, a hybrid system capable of harvesting and managing energy from both solar panels and wind turbines. This hardware is designed for easy integration into various end-products. The system is managed via the Illumience cloud platform, which enables remote monitoring, control, and predictive maintenance of the power systems from any internet-connected device. This software allows users to adjust settings, troubleshoot issues remotely, and analyze performance data, which the company claims can reduce maintenance expenses by up to 80%. Under its Illumient brand, the company markets complete off-grid streetlight systems as well as standalone power packages, offering flexibility for clients to use their preferred lighting fixtures and poles.

Keywords: off-grid power, renewable energy, smart city, IoT, energy management, solar power, wind power, cloud control, remote monitoring, energy-as-a-service

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Investments by Clear Blue Technologies

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eSite Power Systems ( Formerly Flexenclosure )
ACQUISITION by Clear Blue Technologies Dec 2022