Exploring the future of smart off-grid power, global project updates, and technological breakthroughs.
Q1 Revenue of $3,459,007, Gross Margin of 22%, Adjusted EBITDA of $(416,969) May 27 2021, TORONTO, ON — Clear Blue Technologies International Inc. (“Clear Blue”) (TSXV: CBLU) (FRA: 0YA) (OTCQB: CBUTF), the Smart Off-Grid™ Company, today announces its financial results for the quarter ended March 31, 2021.
The POWER Interview: Solar Powers Onward Solar power led all generation sources in terms of added generation capacity in 2020, with the U.S. adding a record 19.2 GW of capacity last year, according to the Solar Energy Industries Association (SEIA). The SEIA said that was a 43% jump from 2019, with utility-scale installations experiencing a 65% increase last year compared to the prior year. The group said U.S. installations of solar power are expected to quadruple from current levels by 2030. And expansion in the solar sector is widespread, with analysts predicting industry growth of 20% or more in several countries, including China, India, the Middle East, and Latin America, across 2021. Miriam Tuerk, CEO and co-founder of Clear Blue Technologies, an Ontario, Canada-based energy technology company focused on management and servicing of off-grid systems, recently provided POWER with her insight into the solar sector, with a look at some of the challenges facing the industry, from policy and regulation to supply chain issues. The solar industry is experiencing dramatic growth in Canada as well; as an example, online retail giant Amazon in April announced its first renewable energy investment in Canada will be with a power purchase agreement with a solar farm near Calgary, Alberta.