Vancouver’s Clir Renewables, closed their Series A round of C$7.1 million this month, led by strategic investor ArcTern Ventures.
Clir’s software platform uses machine learning algorithms to categorize and quantify areas of underperformance across wind farms, resulting in recommended actions for improvement, including yaw alignment and blade pitch.
Customers realize Annual Energy Production (AEP) gains of up to 5% from Clir’s actionable insights, leading to improved margins.
Clir entered the financing round in August this year, seeking investment from a group with similar values and outlook on the coming energy transition. The deal, which was closed in mid-September, enables the company to focus on additional development of its AI-based analytics platform and accelerate growth commensurate with their expansion plans.