SolarWindow Sets New Power Record With 34% Increase Over Its Previous Electricity-Generating Glass

SolarWindow Technologies, Inc. announced today that it has set a new company performance record for power efficiency with a 34% increase in performance over previous generations of its transparent electricity-generating glass.

Today’s announcement is based on results of independent testing and certification of SolarWindow™ devices by the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) Device Performance Measurement Laboratory.

This 34% increase in power over previous SolarWindow™ performance records, announced by the company on May 8, 2014, represents a breakthrough for the company’s transparent electricity-generating glass, which when fabricated into windows, could turn entire buildings into vertical power generators.

Targeting the estimated 5.6 million U.S. commercial buildings, which consume almost $150 billion in electricity annually, the company’s transparent electricity-generating windows could reduce energy costs by up to 50%, according to independently-validated company power and financial modeling.

The company estimates that the market for SolarWindow™ glass products for tall towers and skyscrapers represents a $100 billion opportunity.

“Achieving a 34% power boost from our new record-setting transparent electricity-generating glass is a major inflection point for our company and our collaborating partners,” stated Mr. John Conklin, President and CEO of SolarWindow Technologies, Inc.

“One of our ongoing, long-term product development objectives has been dedicated to developing improved electricity-generating coatings by enhancing performance. We’ll continue working hard to improve performance during product development.”

Commercial partnerships and collaborations with industry leaders allow SolarWindow to augment its in-house team with hundreds of collaborative world-class scientists, skilled technicians, and seasoned production staff and managers, who bring high-volume manufacturing, industrial, engineering and technical expertise.

Today’s record-setting advancement has been achieved with the support of Raynergy Tek, one of several recently-announced commercial collaborators working to enable high-volume production of SolarWindow™ electricity-generating windows. Raynergy Tek is a world leader in organic photovoltaics technology, based in Taiwan.

Additionally, SolarWindow entered into a Process Integration and Production Agreement with Triview Glass Industries, an award-winning custom glass fabricator based in suburban Los Angeles. Initially working to establish manufacturing processes and a production line through this agreement, SolarWindow and Triview plan to fabricate specific SolarWindow™ electricity-generating glass products at commercial scale.