Despite the rise in decarbonization goals as part of Environmental Social and Governance (ESG) commitments, energy data today is largely siloed, not validated and non-standardized Cleartrace, a leading carbon and energy management software company, announced a $20 million financing round led by ClearSky with strategic investment from Brookfield Renewable, EDF Energy North America, Tenaska, and Exelon. This raise follows major growth announcements from Cleartrace, including its selection to provide auditable and assurance-ready proof of decarbonization for all of Iron Mountain’s U.S. data centers, Brookfield Properties’ premier skyscraper One Manhattan West, and JPMorgan Chase’s offices.
Cleartrace illuminates previously unseen data for renewable energy buyers and suppliers, delivering 100% traceable and actionable hourly energy and carbon records. The platform is trusted by the world’s most reputable companies, including JP Morgan Chase, NextEra, Iron Mountain, Brookfield Properties, and Brookfield Renewable. Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Its portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 21,000 megawatts of installed capacity and an approximately 69,000-megawatt development pipeline. EDF Energy NA (formed of EDF Energy Services and EDF Trading North America) offers a full range of structured solutions — energy supply, transportation, risk management products and technology — to help customers optimize their energy assets and successfully compete in the marketplace. Tenaska is one of the leading independent energy companies in the United States, with a reputation for high standards and expertise in natural gas and electric power marketing, energy management, development and acquisition of energy assets, and operation of generating facilities. Exelon is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities