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ClearVue Technologies to debut solar energy-generating skylights in Africa


ClearVue Technologies’ range of solar power-generating technologies are finding more architectural applications including windows, skylights, facades and spandrels and can be applied to many external surface types. Credit: File
ClearVue Technologies’ range of solar power-generating technologies are finding more architectural applications including windows, skylights, facades and spandrels and can be applied to many external surface types. Credit: File

ClearVue Technologies (ASX:CPV) has signed its first commercial order in Africa, which will see its innovative solar energy-generating skylights integrated into a new World Bank building in Nigeria.


The deal comes on top of a recent innovative technology integration partnership in South Korea and adds to a pipeline of more than 60 projects ClearVue has underway internally or via its licensees.


The African order will debut ClearVue’s solar energy-generating skylights within the World Bank’s new campus administration building in the Nigerian capital of Abuja.


The building was designed as a sustainable construction showcase and will meet three leading international building certifications. The LEED, WELL and EDGE certifications provide a framework for building sustainable, resource-efficient green buildings that improve the health and well-being of their occupants.


ClearVue says its Nigerian order for 100 photovoltaic skylights is capable of generating 37,800 kilowatt hours per year of energy and should save up to 22.4 tonnes of carbon annually. The company credits the $100,000 order, placed by the Dubai-headquartered, global construction company Venco Imtiaz Construction Company, to its strong relationships in the Middle East.


Our expansion into South Korea and Africa marks a pivotal step in our global growth strategy, with each market offering unique commercialisation opportunities. In Africa, our first commercial project with the World Bank also marks the debut of our solar skylights, showcasing the versatility of our products to generate energy from almost any external surface. ClearVue Technologies chief executive officer Martin Deil

Deil said the company was seeing a sharp increase in engagement across its sales pipeline as global markets rebounded from the seasonal holidays.


In South Korea, ClearVue is currently exploring integrating its solar glass technology into fencing and roadside noise barriers. The company says this simple but transformative idea has the potential to address a $10 billion global market.


ClearVue signed a strategic collaboration agreement earlier this month with the experienced South Korean solar and building company, Sinrok, to distribute ClearVue’s advanced solar glazing technologies in the country.


Under the terms of the agreement, Sinrok will serve as a non-exclusive distributor for building, construction, and greenhouse applications and as the exclusive distributor for solar fencing and roadside noise mitigation barriers.


Sinrok has also been appointed ClearVue’s exclusive partner to secure the development and delivery of the US$19M (A$29.75M) Bara Factories expansion project in South Korea. The major project will increase the floor area of the Bara Factories industrial precinct in South Korea’s North Chungcheong province by 25,470 square metres.


The partnership will allow ClearVue to integrate its renewable energy solutions at the site, allowing factories and industrial premises to generate some or all of their own renewable power while improving their energy efficiency and achieving environmental, social and governance compliance in modern manufacturing.


The Bara Factories expansion will serve as a leading example of this next-generation smart manufacturing infrastructure.


ClearVue’s Sinrok collaboration significantly aligns with South Korea’s national Smart Factory vision and is impeccably timed as the Asian country invests strongly in modernising its factories with Industry 4.0 technologies, including the Internet of Things, artificial intelligence and clean energy.


The parties intend to formalise a distribution agreement in the coming months, which will include detailed commercial terms, product support and the division of local certification responsibilities.


Until then, Sinrok will focus on securing the Bara Factories expansion project and expanding its broader potential customer base across South Korea.


In another achievement, ClearVue installed its solar-integrated glazing units into a net-zero prototype modular home constructed by the New South Wales-based, modular building company, Prefabulous.


The company builds stylish studio up to four-bedroom, architecturally designed modular houses for people seeking affordable and sustainable living and work spaces.


ClearVue has also made significant progress in establishing its United States operations, having engaged a local contractor network, including electrical planning specialists to support its implementation of its integrated solar glazing technologies.


With expansion of its project pipeline and mid-2026 delivery targets, the company is also moving ahead with a testing program with US-based Underwriter Laboratories, a third-party company that certifies products to achieve better worker and consumer safety.


To capitalise on the company’s recent run of technical expressions of interest in its technologies, ClearVue is also collaborating with industry partners to deploy demonstration units at potential partner sites.


As part of this process, it is proactively reaching out to architects, developers and modular construction firms to develop its customer base and opportunities to integrate products into more new projects. It has also updated its product display centre in Perth.


The company has a long-standing greenhouse research site at Murdoch University in Perth, has materials research and design work underway with Macquarie and Melbourne universities and a new joint program with the Royal Melbourne Institute of Technology.


ClearVue’s positive project and development pipeline is matched by its financials. The company reports a March 31 cash balance of almost $4.6 million, with $23,000 received from customers and a $1.09M from a Federal Government research and development tax rebate.


ClearVue seemingly has a good breeze behind its sails at the moment, as it moves to prioritise an expanded project pipeline, convert opportunities into commercial projects in countries where it has a foothold and continues to expand its licensee network.


Is your ASX-listed company doing something interesting? Contact: office@bullsnbears.com.au

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