Vancouver-based renewable energy market intelligence platform secures top 211 placing in annual FT index
Vancouver, 29th March, 2023 — Clir Renewables, the market intelligence platform for wind and solar, has secured a ranking of 211 in a list of the fastest growing companies in the Americas, published by the Financial Times. Clir’s compound annual growth rate was 55% between 2018 and 2021.
To be eligible for inclusion in the list, companies must be headquartered on the continents of North or South America, have generated a revenue of at least $100,000 in 2018, and $1.5 million in 2021. The business must be independent, and revenue growth between both 2018 and 2021 must be primarily organic. The full methodology of the ranking is available here.
Clir combines the world’s largest renewable energy operational dataset with advanced software and analytics to provide renewable energy power generators, investors and asset managers with actionable insight into the production, health, risk and financing of assets.
Over the last four years, Clir has secured over 200 GW of project data, onboarding its software with 29 new clients, including Glennmont Partners and Northleaf Capital Partners and into 12 new territories. The business supports the key fundamentals of renewable energy project growth and development, working with developers, lenders and investors through project development, operations and subsequent mergers and acquisitions.
As renewable energy matures as an asset class, investors and lenders need to better understand the performance of their technology, O&M providers and projects.
Leveraging advanced AI and 200+ GW of data from decades of project experience, Clir is able to detect market-wide, project related and site-specific issues for wind and solar projects.
Gareth Brown, Chief Executive & Founder, Clir Renewables, commented: “To be recognized by the Financial Times as one of the Americas’ fastest growing companies is an achievement we’re all hugely proud of. Over the past six years since our formation, we’ve been able to grow rapidly by continually listening to, and recognizing the needs of, the market.”
“As the industry increases in competition, we’re looking forward to the continued growth of our company and to helping further incentivize the shift towards clean energy through deeper intelligence into performance and risk.”