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Clear Blue Technologies (TSXV:CBLU) collaborating with Facebook on rural telecom study

Renewable Energy, Technology
TSXV:CBLU
19 August 2021 12:30 (EDT)
Clear Blue Technologies - CEO, Miriam Tuerk.

Source: Clear Blue Technologies.

Clear Blue (CBLU) is collaborating with Facebook Research and Mayutel on a rural telecom study in Peru.

The collaboration, known as Project SEISMIC (Smart Energy Infrastructure for Mobile Internet Connectivity), aims to accelerate rural telecom infrastructure through innovations in power management.

The project hopes to validate that telecom sites powered by Clear Blue’s Smart Off-Grid power can achieve significantly lower capital expenditures, reduce site power consumption, minimize operating costs and optimize service levels.

The field study is currently underway. Mayutel, the first rural mobile infrastructure operator in Peru, built the SEISMIC telecom test sites, while Clear Blue provided the smart-power technology.

Data collection and field testing began earlier this year with plans to publish initial findings in 6-9 months.

According to Guidehouse Insights, telecom operators account for 2 to 3 per cent of total global energy demand. However, global telecom network providers are expected to install nearly 121.9 GW of renewable energy storage and technology between 2021 and 2030. 

Miriam Tuerk, CEO and co-founder of Clear Blue Technologies, commented,

“Rural areas are the new frontier where the telecom market is seeing rapid growth. Clear Blue’s technology is a critical factor to making internet and telecom connections more accessible by lowering the cost of power, especially in these rural regions. We’re excited to see the results of the field study, which will provide measurable proof to telecom operators and investors of the quantifiable value of smart power – a significant step forward for the industry in supporting wider deployment.”

Clear Blue delivers clean, managed, wireless power using its patented Smart Off-Grid technology.

Clear Blue (CBLU) is down by 10.14 per cent and is currently trading at $0.31 per share as of 11:37 am ET.

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