The world is on the verge of facing a severe threat as it scrambles to maintain its clutches on what conventional energy
sources remain. As companies struggle to utilize the likes of hydro, coal and petroleum, consumption of these traditional fuels continues to cause a devastating effect on our environment through air, water and pollution. Just as the telecommunications industry moved from a centralized, wired, heavy infrastructure model to a distributed, wireless, cloud-based model, the energy market is evolving in a similar way. This is especially true for commercial and industrial operations that depend on power for critical systems such as lighting, security, telecommunications systems, and Internet of Things (IoT) devices. An emerging alternative could take a significant share of the energy market in under five years.
Market Research Future recently published a report titled
Global Energy as a Service Market and found that energy-as-a-service (EaaS) is set to achieve a valuation of $51.8 billion (USD), (which was $10.6 million in 2017). The resumption valuation of the market is expected to grow high at a CAGR of 31.02 per-cent by the year 2023. By 2026,
Navigant Research estimates the annual global market for commercial and industrial EaaS will reach $221.1 billion.
Looking deeper into this market, the energy and power industry is in the early stages of a shift from centralized electricity generation to a decentralized model. One of the players at the forefront of this movement is
Clear Blue Technologies International Inc. (TSX:V.CBLU, Forum), who recently announced the launch of its EaaS for wireless power – a subscription-based service that provides clean, wireless power for critical systems.
It estimated that more than 70 per-cent of new electricity connections will rely on off-grid or mini-grid solutions over the next decade. The most significant maintenance costs are found in battery replacement. An ongoing problem for customers is that battery manufacturers provide limited warranties that usually only cover defects in material and workmanship but exclude numerous major issues such as maintenance, exposure to heat or cold, even over or under-charging. Add these all up and many warranties are rendered useless to consumers.
An enticing option is the EaaS model offered by Clear Blue Technologies; A fixed annual service fee, not unlike
Netflix for power. The Company uses its patented Smart Off-Grid technology and expert support service to manage charging cycles, state of charge, and other aspects of power management that are key to maximizing system life and uptime performance.
The Company’s EaaS model serves the needs of those with off-grid powered systems, such as municipalities, telecom providers and various businesses who otherwise would have to own, operate and maintain their own expensive power systems. The applicable markets include telecom, Smart City lighting, and other IoT utility services and infrastructure. Clear Blue has brought its services to a number of these clients,
most recentlyMobismart Mobile Off-Grid Power & Storage Inc. with mobile, grid-free, robust power that displaces diesel generators on infrastructure and construction projects.
(Image via Clear Blue Technologies Inc.)
CBLU CEO Miriam Tuerk stated for investors that much like how cloud services such as
Amazon Web Services transformed the IT industry, EaaS Service can transform the power industry.
“EaaS enables organizations to move away from investing capital and time into owned assets, while eliminating upfront costs and the headaches that come with having to operate and manage power systems. Clear Blue has the technology and expertise to become a leader in off-grid EaaS, and our new EaaS offering is the first step towards achieving that goal.”
Clear Blue Technologies offers a distinct level of off-grid power delivery and reliability for a market that desperately it is needed.
FULL DISCLOSURE: This is a paid article produced by Stockhouse Publishing.