Without a doubt, inflation is continuing to get out of hand at the moment. The US government recently committed $369B to energy security and climate change action to help combat inflation due to rising energy costs being a primary contributor. Focusing on the clean energy part of the bill, they're committed to $30B in tax incentives to ramp up domestic solar/wind production over the next decade. Now, this $30B will go a long way in spurring the next generation of clean energy investments, helping the off-grid industry grow as well. Additionally, $10B of tax credits will go toward building manufacturing facilities which should also help bring down the cost, and delivery time, while increasing the supply resilience of essential technology to enable the production of clean energy.
https://www.forbes.com/sites/miriamtuerk/2022/08/04/reviewing-the-us-climate-agreement--a-369-billion-supercharge-that-the-clean-tech-industry-needs/?sh=3f8a138345ec
That’s where $CBLU.V comes in. As a provider of smart off-grid energy solutions, $CBLU.V helps by allowing clients to build and power their infrastructure without the extremely costly process of connecting/cabling it to the central power grid. And their business model has been working fairly well so far.
- 400 customers in 37 countries alongside 9600 total units deployed.
- $8M-$10M contract with NuRAN over the next 3 years
- Recent expansion into Nigeria alongside a $4M 0% 10-year financing loan from the Canadian government to further help with growth.
Overall, $CBLU.V is powering the next generation of off-grid clean energy. They’re helping clients save millions of dollars while connecting communities to essential services such as streetlights and telecom. With only a $9.6M market cap, make sure to keep it on the watchlist here.