Clir Renewables

Clir Renewables is a Vancouver-based company that provides a market intelligence platform for wind and solar energy assets. The company's core offering is a cloud-based software-as-a-service (SaaS) platform that leverages artificial intelligence and machine learning algorithms to analyze and optimize renewable energy production. Clir's platform processes data from over 200 GW of global wind and solar assets, allowing it to provide insights on asset performance, risk mitigation, and financial optimization.

The company's software uses machine learning models trained on hourly gross energy data from wind or solar farms, along with corresponding climate data, to generate accurate simulations of energy production uncertainty bands. This approach significantly improves upon traditional statistical models by accounting for hourly variations in generation and site-specific characteristics. Clir's technology also factors in expected energy losses based on peer data, considering variables such as technology type, asset age, location, and environmental conditions.

In April 2023, Clir launched Clir Insight for Asset Development, a product designed to support renewable energy developers in making informed decisions throughout the asset development process. This tool aids in equipment selection, contracting, and operational strategy planning by providing data on technical manufacturer issues, operational maturity timelines, and expected loss factors based on site conditions. In November 2023, the company introduced new software to model hourly energy production variability, aimed at improving production and revenue forecasting for optimizing offtake strategies.

Key customers and partnerships

Clir Renewables' client base includes renewable energy infrastructure investors and operators. The company has worked with major wind investors, testing its models on over USD 2 billion worth of assets. One notable client is Canadian Power, which utilizes Clir's platform for the Okanagan Wind portfolio, comprising the Pennask Wind Farm and Shinish Creek Wind Farm in British Columbia. This portfolio, with a combined capacity of 30 MW, represents the only wind power facilities in the Okanagan region.

In 2019, Elemental Energy used Clir's data and expertise to submit a competitive bid for a project acquisition, demonstrating the platform's value in mergers and acquisitions processes. The company has also partnered with local indigenous groups in the development of some wind farm projects, providing community funding and job opportunities.