Government investment helps Clear Blue scale up energy control
December 5, 2017
Canadian smart grid firm Clear Blue Technologies has received $400,000 from the Ontario Federal Economic Development Agency for Southern Ontario (FedDev Ontario) to scale up activities for its solar and wind powered control system.
Member of parliament Yasmin Ratansi announced the investment of up to $400,000. This is expected to leverage an additional $800,000 from various accredited angel investors.
“The government of Canada is proud to support Clear Blue Technologies, and their commitment to developing alternative solutions to help reduce energy consumption,” said Ratansi. “This funding is helping to create jobs for the region while supporting growth for the clean technology sector.”
Clear Blue Technologies has developed an environmentally friendly smart off-grid management and control system. This technology enables devices such as outdoor lighting, telecoms systems, IoT devices and security cameras to be powered by solar and wind energy and remotely managed, controlled and monitored in real time, through its cloud software platform. Use of smart off-grid improves reliability, lowers on-going maintenance costs and increases life for off-grid systems.
“FedDev Ontario’s investment and support of Clear Blue is vital for our ability to expand and grow, and to deliver our advanced technology around the world,” said Miriam Tuerk, CEO of Clear Blue Technologies. “With as much as one quarter of the world without reliable sources of power, solar and wind energy are the basis for delivering critical services such as lighting and telecom voice and data. FedDev Ontario is helping us address these needs and take advantage of this huge market opportunity for our products.”
FedDev Ontario’s contribution, through the Investing in Business Innovation initiative, will help the company expand its marketing activities and sell its technology to a broader range of international clients, in sectors such as telecoms, rail, oil and gas, and traffic management. The company will also focus on increasing its production capacity to market its technology at a quicker rate and on a broader scale. This project is expected to create up to 33 full-time jobs and reinforces the government of Canada’s commitment to supporting technologies that will advance environmental objectives and support growth in the clean tech sector.
“The demand for more sustainable and renewable sources of energy, and new technologies, is increasing, and Canadian companies are ready to rise to the challenge and lead the way to change,” said Navdeep Bains, the government minister responsible for FedDev Ontario. “Today’s investment in Clear Blue Technologies will support scale-up activities for the company, while reinforcing our shared commitment to innovative, sustainable practices that promote a globally-competitive economy in the long term.”
Clear Blue Technologies was established in 2011 and has clients in 30 countries. The company’s technology was developed in collaboration with Centennial College and George Brown College, through grants provided by the Colleges Ontario Network for Industry Innovation and the Ontario Centres of Excellence.
• Clear Blue Technologies and the Telecom Infra Project (TIP), an initiative co-founded by SK Telecom, Intel, Nokia, Facebook and Deutsche Telekom in 2016, have announced a collaboration as part TIP’s OpenCellular project group to improve connectivity in remote areas of the world. The collaboration is focused on OpenCellular-Power, an open source power system designed to deliver highly reliable, low-cost solar power for the OpenCellular wireless access platform.