Clir Renewables expands market presence in Spain with new senior appointment

Clir Renewables expands market presence in Spain with new senior appointment

Clir amps up outreach for market-leading asset performance optimization offering to the high potential Spanish wind and solar market

 

Clir Renewables, provider of industry leading performance assessment software for renewable energy, has announced the appointment of Javier Pérez Alonso, formerly of LM Wind Power (GE Renewables), Shell and Centrica as Senior Business Development Manager. Based in Madrid, Javier will lead the expansion of Clir’s wind and solar optimization platform in the Spanish market.

 

Javier brings over a decade of experience in the renewables industry to his new role at Clir. During his nine years at LM Wind Power, Javier led customer relations and key account management for Acciona and Alstom global projects and the O&M and servicing side of the business across Southern Europe, including the deployment of the world’s largest turbine blade offshore in 2011.

 

The Spanish wind and solar sectors have grown significantly in recent years in response to the nation’s ambition for 100% renewable energy supply for national electricity by 2050. As such, the industry must ensure new and already operational assets are generating to their full potential in order to keep clean energy targets within reach.

 

Craig McCall, Chief Revenue Officer, Clir, said: “We are delighted to be bringing Javier on board to drive Clir’s outreach in the Spanish market. With Javier’s vast experience on side, we stand to achieve our goal of supporting asset owners across the country in seeing the potential of their installed capacity fully realized – both in terms of energy production and return on investment.”

 

Clir’s platform analyzes wind and solar asset data in the context of each asset’s environment, inclusive of resource and geospatial impact. This allows asset owners to identify and tackle underperformance that is often lost in the “noise” created by multiple inconsistent data streams and fluctuation in resource. The true understanding of asset performance that Clir’s analysis generates supports project owners in understanding whether their individual assets, projects, and wider portfolios are performing to their potential and the actions necessary to optimize them.

 

Craig continued: “An in-depth understanding of asset performance allows owners to not only improve production but also monitor asset health, enhance their own domain expertise and also reduce risk by reforecasting a project’s energy yield, monitoring providers contractual performance and validating the impact of any upgrades on a given project.”

 

Javier commented on his appointment: “Spain has the resource potential to be a world leader for both solar and wind power, but to hit the target of 100% renewable generation by 2050, and the milestone of 20% by the end of this year, the industry needs to draw as much power for as long as possible from their operating projects. Optimizing Spain’s existing installed capacity is a clear next step to ensuring clean energy can provide a consistent – and increasing – share of the energy mix.

 

“I look forward to supporting wind and solar project owners and operators across Spain in getting the most out of their assets through the unparalleled insights Clir’s market-leading platform can provide.”

 

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Clir Renewables secures C$1.7m debt facility with Silicon Valley Bank

Clir Renewables secures C$1.7m debt facility with Silicon Valley Bank

Clir invests in expanding reach of innovative renewable energy optimization software in new markets, targets a 5% increase in global clean energy output

 

Clir Renewables, the leading provider of performance assessment software for renewable energy, has secured a C$1.7m loan with Silicon Valley Bank, the bank of the world’s most innovative companies and their investors.

 

The debt facility will enable Clir to drive further expansion and development of its software.

 

As investment into global renewable energy assets increases, there is a commensurate demand for a better understanding of clean technology performance and revenue management.  Clir’s AI-driven platform generates a complete picture of individual asset and portfolio performance by digitizing each turbine or solar PV cell and its specific environmental context. By analyzing asset data in this context, Clir’s platform can pinpoint whether underperformance is owing to low resource, interference from the surrounding environment, or an issue with the technology itself. Owners can then apply the insights Clir’s analysis generates to increase annual energy production by up to 5%.

 

This type of technical innovation has a key role to play in establishing the clean, sustainable, and efficient energy system required to meet global power needs whilst decarbonizing.

 

The agreement with Silicon Valley Bank, therefore, is crucial not only for Clir in continuing to evolve its technology, but ultimately in helping to provide a route for investors to better understand the opportunities in renewable energy investment.

 

Gareth Brown, Chief Executive Officer, Clir, said: “Renewable energy is clearly the only way forward as we look to meet our future energy needs, but the majority of wind and solar projects are performing far below their potential. Clir’s focus is on addressing this shortfall, and, to do so, we must shake out assumptions around the causes of underperformance holding the industry back.

 

“Clir’s AI-mediated software provides owners with the in-depth analysis they need to identify and fix consistent underperformance hidden in the “noise” of asset data and, ultimately, predict future energy yield more accurately. This doesn’t just result in better financial terms and returns for existing projects but will help drive an increase in investment in renewable energy at a global scale.”

 

2020 has already proved a milestone year for Clir, which has now onboarded more than 6GW of wind – including 1GW from offshore projects. The business has expanded into Latin American markets following strong results across Europe and North America and is now investing in expanding its global expertise across wind and solar technologies.

 

Graeme Millen, Director of Energy and Resource Innovation at Silicon Valley Bank in Canada, commented: “Silicon Valley Bank is thrilled to be working with Clir Renewables as they scale their clean energy asset optimization technology. The continued expansion of zero emission energy generation will be enabled and reinforced by innovative technology like Clir’s.”

 

About Silicon Valley Bank

For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast.

SVB provides targeted financial services and expertise through its offices in innovation centres around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators.

 

Learn more at www.svb.com/Canada

Clir Renewables becomes a signatory of Equal by 30 campaign

Clir Renewables becomes a signatory of Equal by 30 campaign

Clir Renewables became a signatory of the Equal by 30 campaign today, 16 June 2020. Equal by 30 is a public commitment by public and private sector organizations to work towards equal pay, equal leadership and equal opportunities for women in the clean energy sector by 2030. An initiative like this is needed because, as the International Renewable Energy Agency (IRENA) stated in their 2019 report, Renewable Energy: A Gender Perspective, women held only 28% of renewable energy STEM jobs.

Inclusion is one of Clir Renewables’ core values, and an internal Inclusion & Diversity team works to develop initiatives to build a more gender-balanced workforce. The Equal by 30 campaign fits perfectly with this core value given that Clir Renewables is already committed to creating an equal opportunities work environment.

Clir Renewables CEO, Gareth Brown, said “Gender diversity in the clean energy sector is essential for its success, and we will only achieve a more even balance if there is equality for women in terms of pay and progression opportunities.

“When starting Clir Renewables, we knew that creating a diverse team was important but not necessarily going to be an easy task, and so we chose to have Inclusion as one of our core values so that it would help drive business decisions.”

Sampoorna Biswas, Co-Chair of the Inclusion & Diversity team, said, “We are delighted to become a signatory of the Equal by 30 campaign. The company has worked hard to get to a position where we currently have 41.3% of all staff, 42.1% of those in a leadership position, and one-third of the C-suite identifying as female.

“By joining the Equal by 30 campaign, it shows not only the clean energy industry but women wanting to work in the industry that Clir Renewables vows to provide an equality driven workplace for women.”

The high-level principles for private sector organizations are:

  1. We aim to lead by example, integrating equality principles into our organization and policies, and will step up our efforts to promote gender diversity activities, in areas of recruitment and career advancement in particular.
  2. We pledge to highlight and support women, and close the gender gap, by promoting actions in our business.
  3. We will provide leadership, and share our experiences and lessons learned on gender diversity programming and initiatives.
  4. We recognize the importance of reporting on progress and will support efforts to improve the collection of gender disaggregated data so that we can and report on our progress in a transparent, open manner.

We are working on finalizing our commitments which will be published on the Equal by 30 website in due course.

 

More information

Equal by 30 website

IRENA report – Renewable Energy: A Gender Perspective

 

About Equal by 30

The Equal by 30 Campaign is part of the Clean Energy, Education and Empowerment Initiative (C3E), which works to advance the participation of women in the clean energy transition, and close the gender gap. It is a joint Clean Energy Ministerial (CEM) and International Energy Agency (IEA) initiative.

Learn more about Clir Renewables’ core values and company diversity

Clir brings clarity to solar with new app, calls for industry partners

Clir brings clarity to solar with new app, calls for industry partners

Firm to roll out service, working directly with asset owners to provide clarity on solar farm performance

 

Clir Renewables, the leading provider of performance assessment software for renewable energy, has today announced the launch of its optimization platform for solar assets. Answering the call from its existing clients to open the firm’s AI-driven monitoring and optimization offering to multi-tech renewable portfolios, Clir will be phasing the roll-out of the solar platform over the coming months in order to guarantee the platform addresses the glaring gaps in the solar market.

 

In 2022, globally utility scale wind and solar PV electricity generation could lose $22 billion from fixable technical underperformance issues. While this issue is being met head-on in wind by project owners hiring innovative firms like Clir which use data to guide service providers in addressing asset performance issues, in solar this has in many instances remained an afterthought.

 

Gareth Brown, Chief Executive Officer of Clir, said “A lack of O&M innovation in recent years has resulted in project owners missing out on the performance potential of their solar assets. The market has become a race to the bottom, with everyone spending as little as possible on O&M and asset management – a key part of which is high-quality, comprehensive, and properly-labelled data collection. This has not gone unnoticed by our long-standing wind clients that also hold solar assets”

 

To date, solar O&M has been shaped by an over-reliance on inward-looking SCADA data. This data must be set in its geospatial context and be fed through a common model that considers all available on-site sensors or else owners simply do not know whether underperformance is due to a fault with the panel, cloud cover, or shade caused by the immediate environment.

 

Clir’s artificial intelligence analyzes solar asset health and performance data in the context of their environment, building an algorithm designed to support owners in developing a true understanding of the behavior of each asset and its relationship not just to its peers, but to the fleet and, eventually, the industry as a whole. This means that asset owners can identify not only when there is underperformance, but the root cause.

 

Gareth continued: “Feedback to date has indicated that the industry is not impressed with the existing solar performance assessment and optimization platforms in the market, and Clir is responding by working directly with them to develop a solution that brings the unprecedented insight we provide for wind to solar.

 

“We are rolling out our solar offering to the market with a phased, milestone-based approach in order to ensure our service meets our clients’ needs and fully addresses the relevant gaps in the market before moving onto the next. Forward-thinking solar project owners who haven’t yet worked with us are also welcome to join us in shaping the future of solar O&M – just get in touch and we can discuss how we can meet your performance needs.”

 

Clir has been working to tackle the issue of industry-wide underperformance for wind since 2017, with the firm’s AI-driven analysis and expert team supporting asset owners in increased AEP by up to 5% across more that 6GW of onshore and offshore wind – with multiple solar projects already onboarded for phase one.

 

 

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Image: Unsplash

Data to play key role in unlocking renewable energy investment post-pandemic

Data to play key role in unlocking renewable energy investment post-pandemic

Performance validation will prove crucial to establishing renewable energy as the infrastructure investment of choice as fund managers look to stabilize portfolios

Investment in renewable energy infrastructure is forecast to accelerate substantially over the coming year as investors in traditional infrastructure seek long-term, stable returns to counteract ongoing economic turmoil. However, central to permanently establishing renewables as the investment of choice post-pandemic will be performance validation, as investors seek new clarity on selecting assets likely to generate the best returns.

This is, at least, according to Clir, the leading provider of performance assessment software for renewable energy, which is working with a number of major investment firms to quantify and analyze the performance of wind farms – both prior to acquisition and to optimize projects once acquired.

Demand for electricity has fallen sharply as industry and commercial premises shut down to tackle the spread of Covid-19, and, as costly-to-run fossil fuel power generators are shut off in response, renewables have taken an increasing share of the energy mix. As such, renewable energy assets continue to generate a strong return on investment even through lockdown measures – and investment firms are taking note.

“In recent years, investors have accelerated their commitment to green infrastructure and renewables in particular”, said Gareth Brown, Chief Executive Officer, Clir. “This is not simply in response to increasing shareholder preference for sustainable, green investments; it is becoming clear to many leading fund managers that renewable energy is a smart investment decision that will continue to weather wider market challenges.

“However, many new and prospective clean energy investors remain uncertain about the consistency and long-term performance of wind and solar investments owing to resource risk. This concern is exaggerated by poor technical understanding of the assets, and, I would argue, holding many great deals across the sector back.”

In order to understand the true performance potential of an asset prior to acquisition, Clir uses artificial intelligence to analyze SCADA data in the context of the surrounding environment. This facilitates the prospective investor’s understanding of whether an asset’s performance is being realized, and, if not, the actions required to optimize it. These insights result in an accurate prediction of future energy yield, guidance on potential improvements, and inform valuation.

Gareth continued: “The fluctuation in weather and its impact on asset performance is unavoidable and uncontrollable, but it often hides underlying technical performance issues that can be explained, understood and fixed with industry platforms like Clir. This issue holds up record investment in renewables due to a lack of understanding of the true causes of underperformance at the due diligence stage – the majority of which are fixable issues such as commissioning errors or poorly implemented curtailment strategies. This lack of understanding impacts the risk profile of an asset, resulting in poor valuation or unnecessary optimization costs post-acquisition.”

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Clir expands renewable energy expertise with new hire

Clir expands renewable energy expertise with new hire

Jacek Gromadzki joins Clir as Renewable Science Team Manager to advance innovative applications of optimization software

Clir Renewables, the leading provider of performance assessment software for wind energy, has announced the hire of Jacek Gromadzki, formerly of Schneider Electric, Azure Dynamics, and Solectria, as Renewable Science Team Leader to drive further development of applications for its optimization platform in addition to supporting Clir’s progression in the solar market.

Jacek brings a wealth of experience across different sectors of clean technology, and, prior to joining Clir, worked at Schneider Electric Solar Inverters for six years – most recently leading the development and management of predictive models and analytics for solar assets. Before joining Schneider Electric, Jacek held key roles in electric and hybrid vehicle design and simulation at Azure Dynamics and Solectria.

By harnessing Jacek’s experience to date, Clir aims to enhance the offering it provides to the wider renewable energy industry, further enabling clean energy investors and asset owners to ensure sustained returns in the longer term.

Clir’s software uses machine learning to analyze data from the asset in context of its environment, providing owners a detailed understanding of what is causing underperformance and avenues for optimization. By identifying and rectifying often-overlooked causes of underperformance, owners have been able to increase annual energy production by up to 5%.

Gareth Brown, CEO, Clir commented: “Across the industry, renewable asset owners routinely leave millions of dollars on the table due to completely fixable underperformance issues. We cannot accept business as usual if the industry wants to retain the level of investment it has seen in recent years.”

“As we look to expand the limits of what can be optimized in the renewables industry, we are delighted to announce Jacek is joining us, given his wide-ranging and in-depth expertise of driving innovation and efficiency across the solar sector.”

Commenting on his appointment, Jacek Gromadzki said: “Clir is at the forefront of giving not only the renewables industry, but their investors, a greater understanding of how their assets are performing, and what they can do about it.”

“Clir’s platform has already been instrumental in informing decisions around M&A, retrofitting, repowering, and lifetime extension across 6GW of onboarded assets. I look forward to driving new applications of the software to find solutions to what seem to be insurmountable challenges across the industry.”

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