Perth-based building-integrated solar PV company, ClearVue Technologies, has followed up its successfully May listing on the Australian Stock Exchange with an exclusive deal with eco-home builder Mirreco.
In an ASX release on Thursday, ClearVue said it had signed a memorandum of understanding to supply its clear solar glass technology to Mirreco, for use in that company’s industrial hemp-based “micro homes.”
Mirreco, another Australian-based company, manufactures building panels for residential homes using hemp biomass.
According to the release, the company’s processing system captures and stores CO2 indefinitely, “potentially revolutionising” current building industry practice.
The deal with ClearVue follows Mirreco’s successful development of a prototype industrial hemp based eco-home.
Under the terms of the MOU, ClearVue will be the exclusive supplier of solar window products, initially for small-scale housing units, or “micro homes,” created by Mirreco.
The two companies said the full terms of the deal would be agreed “as soon as reasonably practical” after the successful completion of the trial home.
The deal comes just weeks after ClearVue successfully closed a $5 million IPO, as part of the company’s plan to sell its solar energy harvesting windows around the world.
Its patented nano-technology, developed in conjunction with the Electron Science Research Institute (ESRI) at Edith Cowan University, generates electricity from a flat, clear sheet of glass while maintaining transparency.
The company says the windows can currently generate a minimum of 30W per square metre, while also providing insulation from heat and cold, and UV control. With further R&D, they expect generation to reach 50W per square metre.
But it is the technology’s “clear glass” quality that ClearVue executive chairman, Victor Rosenberg, has described as a game-changer in the building-integrated photovoltaic (BIPV) sector.
Rosenberg said in comments this week that the MOU with Mirreco demonstrated that there was “significant and immediate interest” in the company’s technology.
“ClearVue has a strong market-leading position in the construction of glass that utilities otherwise wasted energy, converting it into solar electricity – all the while appearing as a transparent glass window.
“Following out listing on the ASX, we are dedicated to commercialising our technology and the MOU with Mirreco is an important first step in establishing a growing order book,” he said.
ClearVue’s glass product is currently undergoing certification testing from Australian Standards, which is required before being able to sell the technology.
The company’s stock price was at 15 cents a share at the time of publication.