• Clear Blue Technologies

  Led · Debt Financing · Mar 2015

  Clear Blue Technologies provides smart off-grid solar and hybrid power systems and accompanying software to remotely monitor and control devices such as streetlights, security and traffic cameras, and telecommunications equipment. The company says its energy-efficient control and management functions make off-grid devices more cost-effective. It recently launched Pico-Grid, a small singular power source aimed at satellite Wi‑Fi and IoT applications that can power stationary devices like home appliances and lighting and act as a wearable power source for mobile devices. Clear Blue will use an up to $4M FedDev Ontario Jobs and Growth Fund investment to expand production capacity, enhance sales and marketing, and support Pico-Grid commercialization; the funds are to be drawn through March 2024 with repayment beginning in 2025 and continuing to 2031. Co-founded by Miriam Tuerk (CEO) and John Tuerk (chief power officer) and incorporated in 2011, Clear Blue’s systems have been deployed in 37 countries, 25 U.S. states, and nine Canadian provinces. The company is publicly traded (TSXV: CBLU since 2018; OTCQB listed in 2021) and expects the Pico-Grid rollout to open new markets, create over 90 jobs, and reduce carbon emissions. Clear Blue Technologies develops remotely controlled smart off-grid technology serving lighting, telecom, solar, and hybrid systems. The company says its business model can help mitigate COVID-19–related operational risks while noting that broader global economic impacts could still be material. Clear Blue has a presence in 37 countries and is seeing adoption in lighting and telecom verticals. It recently signed an agreement with a telecommunications operator in Africa to deploy 500 2G and 3G cellular systems in rural areas as part of a phased 3–5 year rollout. The initial contract covers a first-year deployment of 500 systems for an estimated CAD 3.5 million. Clear Blue plans to use new financing for growth capital and research and development. Clear Blue Technologies develops smart off-grid hardware and cloud software for solar- and wind-powered streetlights, security systems, emergency power and other off-grid devices. The company sells its Illumient line of Smart Off-Grid streetlights through OEM partners and a network of agents and resellers who integrate Clear Blue’s hardware and software. It has deployed over 500 off-grid systems for more than 100 customers across 18 countries. Clear Blue recently launched Illumience, the second-generation cloud-based management and control platform for proactive servicing of its systems. Led by CEO Miriam Tuerk, the company is using new funding to support planned expansion in 2016. The business is based in Toronto, Canada. Clear Blue Technologies builds Smart Off-Grid technology that remotely controls, maintains and manages solar and wind powered systems. Its platform is being integrated into an increasing number of products. The company said it will use new funding to enhance its market-leading Smart Off-Grid technology and continue product integration. CEO Miriam Tuerk stated the funds will help the company grow its business and advance its technology. In March 2015 Clear Blue received $500K from the Southern Ontario Fund for Investment in Innovation. The press release was issued from Toronto, ON. Clear Blue Technologies Inc. is a Toronto-based company that develops Smart Off-Grid systems combining solar and wind power controllers with cloud-based software. Its system, developed with assistance from Centennial and George Brown Colleges, is used for off-grid applications including street lights, security systems, mobile power and signage, and electric vehicle charging stations. The company’s Horizon cloud software allows owners to remotely monitor and control systems, change lighting profiles in real time, run diagnostics, and optimize power management. Leadership cited in the article includes co-founders John Tuerk (President & CEO), Miriam Tuerk (COO), and Mark Windrim (CTO). The company raised $500K in funding to accelerate market growth of its Smart Off-Grid technology. Backers included existing investors Grenville Strategic Royalties and Ontario Centres of Excellence (OCE).

No current team members are available.