The ClearVue solar glass IPO has been a success, with the Perth based company debuting on the ASX after raising $5m AUD via an IPO. They now plan to float on the national stock market in March, if everything goes to plan with regards to their solar windows.
We’ve previously written about the ClearVue IPO – back in March they lodged with ASIC to offer 25 million shares at $0.20 to raise the $5m AUD (although RenewEconomy are reporting they were hoping to raise $6m). It’a fantastic to see them reach this amount and take the business to the next step.
ClearVue solar glass
The patented ClearVue nano-technology was developed together with the Electron Science Research Institute (ESRI) at Edith Cowan University. Their BIPV (building-integrated photovoltaic) product generates a minimum of 30W per square metre of clear glass, whilst simultaneously insulating from heat and cold. They’re hoping to boost this 30W per square metre to 50W on the back of the upgraded funding.
ClearVue’s executive chairman Victor Rosenberg hasn’t been quoted since the success of the IPO but here he is a couple of months ago discussing their product:
“Our technology presents a paradigm shift in the way glass will be used in building construction, automobiles, agriculture and speciality products,” Rosenberg said.
“Glass will no longer be just a component of construction but also a renewable energy resource.”
You can see the ClearVue panels used in places like bus shelters where they power LED lights and a digital bus display. No doubt we’ll see commercial scale production of the solar glass next. This will be offered to the agricultural and greenhouse sectors, as well as in building and construction.
In a world where it’s mandatory to have new solar panels on houses built in California, it’s certainly far from out of the picture to see solar glass installed in new buildings.
If you’ve like to learn more, click here to watch a video on ClearVue from their website.