Smart, Off-Grid Energy Independence Gains Relevance
As most Clear Blue investors already know, the Company is not defining a new market but rather targeting money that companies are already spending to keep key, remote infrastructre operating. Clear Blue has numerous greenfield projects and those installations are now almost 100% solar. And now Clear Blue is seeing the conversation shift to complete retrofits of existing diesel and grid powered sites. Clear Blue’s solar solutions with its energy management and intelligent operations needed to operate reliably at scale can replace diesel and gasoline generators, reducing the site’s total lifetime costs. These savings are likely to be even more relevant now as global energy prices march upwards. In this way, the Company plays a part with helping utilize solar energy to reduce fossil fuel usage.
Clear Blue’s renewable solar energy solutions eliminate the need for fossil fuels to generate remote power. Plus, smart, energy management capabilities ensures smooth operations and in a remote ‘lights out’ manner eliminating in person maintenance. Compare these proactive off-grid solutions to current reactive solutions, where companies send workers to a site after the power goes dark or to a site where attempts to troubleshoot are a days long nightmare. In this way, Clear Blue helps save capex and opex for its customers while helping to increase reliability and security. Most importantly, these solutions eliminate customers’ needs to power key off-grid, remote infrastructure with incredibly expensive fossil fuels.
Heightened Market Focus on Solar
Rising energy prices have refocused investors back onto renewable and solar companies. As CNBC recently noted, Renewable energy stocks are outperforming as the rapid surge in oil and gas prices — prompted by Russia’s invasion of Ukraine — makes the case for alternative energy sources more compelling. Even if the price of oil retreats, energy security is top-of-mind for many, which bodes well for solar companies like Clear Blue Technologies.