ClearVue signs deal to secure solar panel supplies
ASX-listed solar window pioneer, ClearVue Technologies, has signed a memorandum of understanding with Taiwanese manufacturer BeyondPV to secure supplies of solar photovoltaic, or “PV”, strip modules.
The solar PV strip modules will be used in the company’s insulated glass units, or “IGUs”, windows and smart façades.
Under the agreement, the two companies will finalise a supply agreement that will see BeyondPV invest about USD$3.5 million to establish a dedicated production line to produce ClearVue’s solar PV strip modules.
BeyondPV will carry out research and development activities to improve ClearVue’s products and technology during the supply term and both companies will work together to maximise solar strip shipments for ClearVue and its licensees.
The Taiwanese company will also cooperate on further development of solar modules for use in ClearVue’s products.
ClearVue Executive Chairman Victor Rosenberg said: “The relationship with BeyondPV will secure for ClearVue and its manufacturing licensees the supply of high-quality, high-performance solar strip modules for integration into the ClearVue IGU and smart façade products.”
“BeyondPV’s investment into production facilities for creating the ClearVue solar strip modules, a critical component in the ClearVue IGU design and products, is a wonderful testament to the commitment that BeyondPV has demonstrated in the ClearVue product and our vision for solar PV generating smart windows and façade s.”
BeyondPV President Dr Wei-Lun Lu added: “We have a dedicated team of world-leading solar specialists who have over the last few months, while working with ClearVue leading up to the signing of this MOU, have got to know the company, its technology and vision and are on board to work with ClearVue to grow this significant new opportunity together.”
ClearVue’s IGU panels use a proprietary film that converts the sun’s ultraviolet radiation to longer wavelengths before scattering it along with infrared light to the thin strips of PV solar cells that line the edges of the glass panel and converted into electricity.
Meanwhile, the panels allow a remarkable 70% of the visible light to pass through.