Collaboration sets stage to commercializing transparent
electricity-generating coatings, turning buildings into "power
generators"
SolarWindow Technologies, Inc. (OTCQB: WNDW), the leading developer of
first-of-its-kind transparent electricity-generating coatings for glass
and flexible plastics, today announced that it has entered into Phase
III of its Cooperative Research and Development Agreement (CRADA)
with the U.S. Department of Energy’s National Renewable Energy
Laboratory (NREL). The primary development goal of the Agreement is the
commercialization of SolarWindow™ products.
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SolarWindow Principal Scientist Dr. Scott Hammond (left) with NREL scientist Dr. Scott Mauger, applying electricity-generating coatings to glass at the NREL lab. (Photo: Business Wire)
NREL is recognized as one of the most respected and advanced
solar-photovoltaic research institutions in the world. NREL scientists
have been working side-by-side with SolarWindow Principal Scientist, Dr.
Scott R. Hammond during the development of SolarWindow transparent
electricity-generating coatings. SolarWindow is initially targeting the
five million tall towers and commercial buildings in the United States,
which consume almost 40% of the electrical energy generated.
“The prospect of skyscrapers generating electricity from see-through
window products is very exciting,” said Dr. Maikel van Hest, a Senior
Scientist in the Thin Film and Processing Group within the National
Center for Photovoltaics at NREL. “Through our CRADA, we have been able
to develop and test this technology using some of the world’s most
advanced state of the art equipment. As a result, SolarWindow and NREL
have advanced the technology by enhancing scale, efficiency and
reliability.”
Under the terms of the Agreement, SolarWindow and NREL will continue to
work jointly to enhance product performance, increase scale, and improve
reliability; and develop new features and obtain important performance
certifications required for a commercial rollout.
In addition, the team will focus on various SolarWindow™
product-specific goals, including:
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Large scale window fabrication
-
Interconnection development for easy ‘plug-n-play’ on-site installation
-
Advanced performance measurement and modeling of SolarWindow™ when
installed in various building types and geographies
-
SolarWindow™ performance under varying artificial and natural light
conditions
SolarWindow™ can provide a one-year financial payback while producing
50-times greater energy than rooftop solar when modeled for a 50-story
building, according to the company’s independent validation. For the
same building, SolarWindow shows 15-times the environmental benefit of
rooftop solar by avoiding 2.2 million miles of equivalent carbon dioxide
emissions produced by vehicles, according to the company’s independently
validated Power & Financial Model.
“With this CRADA extension in place, we’re one step closer to launching
what is possibly the single greatest breakthrough technology in clean
energy to help us overcome our dependence on fossil fuels,” said John A.
Conklin, President and CEO of SolarWindow. “Keeping in mind that
commercial buildings consume almost 40 percent of America’s electricity,
our goal is to put a solid dent in reducing carbon emissions and
offsetting a building carbon footprint while providing customers with
clean electricity-generating solutions that make economic sense.”
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation,
transparent electricity-generating SolarWindow™ coatings.
SolarWindow™ coatings generate electricity on see-through glass and
flexible plastics with colored tints popular to skyscraper glass. Unlike
conventional systems, SolarWindow™ can be applied to all four sides of
tall towers, generating electricity using natural and artificial light
conditions and even shaded areas. SolarWindow™ uses organic materials,
which are dissolved into liquid, ideal for low-cost high-output
manufacturing; and is the subject of a patent pending technology.
The company’s Proprietary Power Production & Financial Model (Power &
Financial Model) uses photovoltaic (PV) modeling calculations that are
consistent with renewable energy practitioner standards for assessing,
evaluating and estimating renewable energy for a PV project. The Power &
Financial Model estimator takes into consideration building geographic
location, solar radiation for flat-plate collectors (SolarWindow™
irradiance is derated to account for 360 degree building orientation and
vertical installation), climate zone energy use and generalized
skyscraper building characteristics when estimating PV power and energy
production, and carbon dioxide equivalents. Actual power, energy
production and carbon dioxide equivalents modeled may vary based upon
building-to-building situational characteristics and varying
installation methodologies.
For additional information, please call Ms. Briana L. Erickson toll free
at 1-800-213-0689 or visit: www.solarwindow.com.
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In addition, other factors that could cause actual results to differ
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