ASX-listed solar energy innovator, ClearVue Technologies, has strengthened its position in the global renewables sector after securing a lucrative manufacturing and supply agreement with Taiwan’s BeyondPV Company that could significantly boost its hopes of fully commercialising its unique solar window glass product.
The Taiwanese group is interested in ClearVue’s advanced “Insulated Glass Unit”, “or IGU”, technology that is used in windows and building facades to convert sunlight into energy using photovoltaic, or “PV”, cells.
BeyondPV, which is a world-leading developer and designer of PV technologies, plans to spend some USD$3.5 million building a dedicated production line that will manufacture CleaVue’s proprietary solar strip modules for the ASX listed company and its licensees to be used in the manufacture of solar glass products.
The agreement calls for the initial production of over 200,000 solar strip modules during 2020 and BeyondPV is looking to pump additional research and development resources into further advancing ClearVue’s technological innovations during the term of the agreement.
The Perth-based ClearVue has already shown that its solar window technology, which involves visible light passing through sheets of laminated glass and being converted to electricity by PV cells, helps reduce heat, block damaging ultraviolet and infrared radiation and lower both heating and cooling costs for business, civic and domestic premises.
This not only means that buildings can become a source of their own energy needs, but their owners can obtain a faster payback from these energy-generating window structures.
ClearVue enjoys extensive IP protection on its technology and products with some 85 granted patents and 40 patent applications pending world-wide.
ClearVue can make varying IGU panel side lengths of between 600mm and 2,550mm and provide more than 45 different IGU panel sized combinations catering for most window use.
Commenting on the strategic supply agreement with BeyondPV, ClearVue Executive Chairman Victor Rosenberg said: "As previously announced, formalising the relationship with BeyondPV secures for ClearVue and its manufacturing partners the supply of high-quality high-performance solar strip modules for integration into the ClearVue IGU and smart façade products - a critical component in the ClearVue IGU design and products and a critical element in the ClearVue supply chain.”
BeyondPV President Dr Wei-Lun (Bowen) Lu said: “Buildings are a very significant contributor to greenhouse gases- architects the world over are aware of this and of the urgent need for better-designed energy-efficient and ideally energy generating buildings – the ClearVue product fits right into this need and we are very pleased to be a part of assisting with the delivery of this world-leading solution.”
Is your ASX listed company doing something interesting ? Contact : matt.birney@businessnews.com.au
By Matt Birney
