Cleartrace raises $20M to track renewable energy, decarbonization efforts

Cleartrace Technologies, an Austin startup that helps renewable energy buyers track hourly energy and carbon use data, raised the money from ClearSky, Brookfield Renewable, EDF Energy North America and others. “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,” stated Lincoln Payton, CEO of Cleartrace. “Renewable energy buyers and suppliers need to understand the carbon intensity of the electricity they consume or produce — on an hourly basis — in order to advance their decarbonization strategies.”