Cleartrace

ClearTrace, based in the US, specializes in clean energy management software, enabling businesses to efficiently track energy data, compliance, and emissions for sustainability initiatives. ClearTrace is a clean energy management software provider that focuses on simplifying energy data tracking and emissions oversight for businesses. Founded in 2017, the company is headquartered in Austin, Texas, US. The founding team includes Evan Caron, Jessica St John, and John Clippinger, while Lincoln Payton serves as the CEO.

ClearTrace has successfully raised USD 20 mn in Series B funding on June 29, 2022, led by ClearSky, with participation from Brookfield Asset Management, EDF Energy, Exelon Capital Partners, and Tenaska Energy. The company currently has a valuation of USD 54. 785 mn and has completed two funding deals to date. Cleartrace offers a comprehensive suite of clean energy management software solutions designed to address the complexities associated with energy data management, compliance, and emissions tracking.

The core product enables suppliers and buyers to digitally track energy assets, greenhouse gas (GHG) emissions, and certificate portfolios, thereby consolidating essential data into a single source of truth. This software is tailored for industries facing increasing demand for clean electricity, providing insights to facilitate decarbonization efforts. Key customers include major sustainability leaders such as Brookfield Renewable, JP Morgan Chase, AES, Google, and Microsoft, who leverage Cleartrace's platform to enhance transparency and auditability in their energy transactions. The products are primarily marketed to businesses within North America and Europe, reflecting the growing emphasis on sustainability initiatives in these regions.

Cleartrace generates revenue through a subscription-based model, where clients pay for access to its clean energy management platform, which includes advanced features such as 24/7 hourly load matching technology. This transactional structure supports business-to-business (B2B) engagements, allowing energy suppliers and buyers to effectively manage their electricity and certificate transactions. The pricing plans for the services are structured to accommodate varying client needs, focusing on enhancing operational efficiencies during the clean energy transition. Partnerships with notable companies provide a robust client base, driving consistent revenue streams as these organizations seek to optimize their sustainability goals.

Specific financial figures and details regarding pricing structures are proprietary to the firm. In June 2022, ClearTrace Technologies, Inc. raised USD 20 mn in venture funding, which will be used to accelerate the growth of advanced carbon and energy management platforms catering to real estate portfolios, financial institutions, data centers, and renewable energy providers. The company is focused on developing new products aimed at enhancing its platform capabilities but has not disclosed specific release dates.

Additionally, ClearTrace plans to expand into new markets across North America and Europe, capitalizing on increased demand for clean energy solutions.