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Doug Bright
Smart building materials company ClearVue Technologies has landed a critical approval for its new rooftop solar product, securing a place on the Clean Energy Council’s (CEC) approved products list for its ClearVue-Helios panels.
The listing clears a significant commercial hurdle for the company, as CEC approval is a mandatory requirement for any solar panel to be connected to the grid in Australia and is the key that unlocks access to government renewable energy subsidies.
The move comes just as the Federal Government expands its support for commercial solar installations. The changes lift the cap for up-front incentives from 100-kilowatt systems to much larger 1-megawatt installations, a move expected to significantly slash the acquisition cost for commercial-scale solar projects. timing of the approval looks impeccable, landing
The CEC listing acts as a trusted benchmark in the Australian solar market, providing an independent stamp of verification that a product is safe, durable and fit for purpose. For ClearVue, it positions the company to compete in the lucrative Australian rooftop and commercial solar market.
‘Crucially these incentives will lower the acquisition cost of the whole range of ClearVue products for our customers.’
ClearVue Technologies chief executive officer and managing director Doug Hunt
ClearVue-Helios is a unified metal-backed rooftop BIPV solar platform available in an aluminium-backed rooftop panel for lightweight large-span installations and a steel-backed rooftop panel for trafficable high-access roofs. It is designed to deliver up to 220 watts per square metre and up to 600 watts per panel. The company says the product features a fully-sealed mounting system that effectively acts as a second roof for buildings.
The panels come with a Class A fire rating, a 30-year performance warranty and a 15-year product warranty.
The approval is the latest in a string of successes for ClearVue, which has been steadily accumulating local and global certifications for its suite of building-integrated photovoltaic, or “BIPV” products. The company is best known for its patented, transparent solar energy-generating glass, a technology that can be used in building facades, windows and balustrades to produce power.
ClearVue Technologies chief executive officer and managing director Doug Hunt said: “Achieving CEC listing for ClearVue-Helios is an important milestone for both our customers and our shareholders. It provides further independent verification that the product meets the quality and safety standards expected by the Australian market. We believe this strengthens the commercial opportunity for ClearVue-Helios and gives customers greater confidence when specifying our products.”
Now, with a traditional rooftop product also in its arsenal, ClearVue appears to be mounting a two-pronged assault on the building energy market.
The company’s latest quarterly report for July shows it to be well-funded to continue its commercialisation strategy, with $4.6m in cash and cash equivalents on hand to continue its push.
While ClearVue’s transparent solar glass has captured the imagination with its futuristic appeal, the addition of a CEC-approved rooftop panel gives the company a foothold in the massive and mature rooftop solar market.
Importantly and particularly in sun-drenched Australia, ClearVue’s Helios panels can also be incorporated into carport rooftops, resulting in a lightweight, lower cost and embedded solar solution that delivers up to 605 Watts peak power per panel in a modern carpark design. According to the designs can also add functional beautification and safety benefits, such as night-lighting.
The BIPV market is gaining serious traction globally as developers and building owners look for innovative ways to meet tightening energy efficiency standards and reduce operational costs. By turning passive building surfaces into active power generators, technologies like ClearVue’s are changing the very definition of building materials.
With this latest certification in the bag, ClearVue has not only validated its engineering prowess once again but has also opened a significant new commercial front in its home market, just as government tailwinds begin to blow a little stronger.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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Disclaimer : This story is auto aggregated by a computer programme and has not been created or edited by DOWNTHENEWS. Publisher: www.smh.com.au
