A Clear Update on Clear Blue Technologies from Recent Management Travels

Recently, Clear Blue’s CEO and Co-founder, Miriam Tuerk traveled across Europe and Africa meeting clients, prospective clients as well as investors. With the humanitarian and geopolitical crisis in Ukraine as well as the increasing impact of climate change, we noticed a shift in many of the conversations regarding Clear Blue’s renewable, solar power solutions. Increasingly, numerous stakeholders are asking Clear Blue to assist them in accelerating their transition from diesel generators not just for new but also current installations. Resiliency and moving away from an electrical grid that is increasingly less reliable is another strong theme. We’ve provided some thoughts on these value propositions in this short report, summarizing these developments.

Rise of Energy Prices and Fuel shortages Likely to Impact Africa; Clear Blue’s Key Market

Russia exports about 5 million barrels of oil per day (about 12% of the global trade) and about 2.85 million barrels of oil products per day (approximately 15% of global trade). Although 60% of these exports go to Europe, little goes to Africa, where Clear Blue generates most of its business. But even prior to the Ukrainian war, fuel shortages were having a massive impact on some of Africa’s largest economies. Although Russian energy imports are negligible, African nations, like the rest of the world, are suffering from rising crude oil prices arising from the Ukrainian war. And fuel shortages will also be exacerbated.

Sophic Capital - Logo - Colour

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 maintainance. 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.

Sophic Capital - Logo - Colour

Source: CNBC

Highlighting this investor focus, in a very turbulent market, the Invesco Solar ETF has outperformed the tech heavy NASDAQ index by almost 30% in the past month, as highlighted in the accompanying chart from Yahoo! Finance.

Sophic Capital - Logo - Colour

Looking Forward

Recently, the Company also announced several new partnerships with African satellite providers. As well Clear Blue has announced new product offerings and has more in the pipeline. Overall, the Company’s sales pipeline continues to scale and expand, and Clear Blue is deepening its relationships with its partners. In addition to these new partners, existing customers such as Parallel Wireless and Nuran Wireless are bringing follow on orders to projects announced in 2021.

Sign up for Sophic Capital’s reports at https://sophiccapital.com/subscribe/


The information and recommendations made available through our emails, newsletters, website and press releases (collectively referred to as the “Material”) by Sophic Capital Inc. (“Sophic” or “Company”) is for informational purposes only and shall not be used or construed as an offer to sell or be used as a solicitation of an offer to buy any services or securities. In accessing or consuming the Materials, you hereby acknowledge that any reliance upon any Materials shall be at your sole risk. In particular, none of the information provided in our monthly newsletter and emails or any other Material should be viewed as an invite, and/or induce or encourage any person to make any kind of investment decision. The recommendations and information provided in our Material are not tailored to the needs of particular persons and may not be appropriate for you depending on your financial position or investment goals or needs. You should apply your own judgment in making any use of the information provided in the Company’s Material, especially as the basis for any investment decisions. Securities or other investments referred to in the Materials may not be suitable for you and you should not make any kind of investment decision in relation to them without first obtaining independent investment advice from a qualified and registered investment advisor. You further agree that neither Sophic, its, directors, officers, shareholders, employees, affiliates consultants, and/or clients will be liable for any losses or liabilities that may be occasioned as a result of the information provided in any of the Material. By accessing Sophic’s website and signing up to receive the Company’s monthly newsletter or any other Material, you accept and agree to be bound by and comply with the terms and conditions set out herein. If you do not accept and agree to the terms, you should not use the Company’s website or accept the terms and conditions associated to the newsletter signup. Sophic is not registered as an adviser or dealer under the securities legislation of any jurisdiction of Canada or elsewhere and provides Material on behalf of its clients pursuant to an exemption from the registration requirements that is available in respect of generic advice. In no event will Sophic be responsible or liable to you or any other party for any damages of any kind arising out of or relating to the use of, misuse of and/or inability to use the Company’s website or Material. The information is directed only at persons resident in Canada. The Company’s Material or the information provided in the Material shall not in any form constitute as an offer or solicitation to anyone in the United States of America or any jurisdiction where such offer or solicitation is not authorized or to any person to whom it is unlawful to make such a solicitation. If you choose to access Sophic’s website and/or have signed up to receive the Company’s monthly newsletter or any other Material, you acknowledge that the information in the Material is intended for use by persons resident in Canada only. Sophic is not an investment advisor nor does it maintain any registrations as such, and Material provided by Sophic shall not be used to make investment decisions. Information provided in the Company’s Material is often opinionated and should be considered for information purposes only. No stock exchange or securities regulatory authority anywhere has approved or disapproved of the information contained herein. There is no express or implied solicitation to buy or sell securities. Sophic and/or its principals and employees may have positions in the stocks mentioned in the Company’s Material and may trade in the stocks mentioned in the Material. Do not consider buying or selling any stock without conducting your own due diligence and/or without obtaining independent investment advice from a qualified and registered investment advisor. The Company has not independently verified any of the data from third party sources referred to in the Material, including information provided by Sophic clients that are the subject of the report, or ascertained the underlying assumptions relied upon by such sources. The Company does not assume any responsibility for the accuracy or completeness of this information or for any failure by any such other persons to disclose events which may have occurred or may affect the significance or accuracy of any such information.

The Material may contain forward looking information. Forward-looking statements are frequently, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “possible,” “projects,” “plans,” and similar expressions, or statements that events, conditions or results “will,” “may,” “could,” or “should” occur or be achieved or their negatives or other comparable words and include, without limitation, statements regarding, projected revenue, income or earnings or other results of operations, strategy, plans, objectives, goals and targets, plans to increase market share or with respect to anticipated performance compared to competitors, product development and adoption by potential customers. These statements relate to future events and future performance. Forward-looking statements are based on opinions and assumptions as of the date made, and are subject to a variety of risks and other factors that could cause actual events/results to differ materially from these forward looking statements. There can be no assurance that such expectations will prove to be correct; these statements are no guarantee of future performance and involve known and unknown risks, uncertainties and other factors. Sophic provides no assurance as to future results, performance, or achievements and no representations are made that actual results achieved will be as indicated in the forward looking information. Nothing herein can be assumed or predicted, and you are strongly encouraged to learn more and seek independent advice before relying on any information presented.