ClearVue pockets $1.09M tax credit for solar glass | Australian Markets

ClearVue Technologies has pocketed a good-looking tax credit of simply over $1.09 million underneath the Australian Government’s Research and Development Tax Incentive scheme, primarily for developing its Generation 2 solar glass technology.

The company has taken strides in its development actions over the previous 12 months, together with advancing and producing its Generation 2 ClearVuePV built-in glazing models.

ClearVue’s Generation 2 technology focusses on creating high-performance, clear solar glass for buildings that makes use of nano- and micro-particle technology to internally diffuse and redistribute gentle in the direction of the sides of the glass panel, the place it’s collected by solar strips.

The technology is designed to generate electrical energy whereas sustaining the transparency and aesthetics of conventional glass.

ClearVue has additional refined the solar glass by superior engineering of the solar strips and connector blocks utilized in its built-in system.

The solar strips are skinny, clear strips of solar cells embedded within the glass panel that convert daylight into electrical energy. Connector blocks join these strips to create a larger, built-in solar panel, which can be utilized to construct a seamless, energy-generating building facade.

The company has additionally labored on enhancing its proprietary interlayer supplies.

ClearVue has modified its layers with a proprietary mix of luminescent and scattering micro- and nanoparticles, which it provides during the manufacturing course of to seize and convert infrared and ultraviolet gentle for electrical energy era.

The company has additionally devoted appreciable time and energy to its ongoing collaborative analysis with D2 Solar, primarily within the United States, to develop and improve their clear solar glass technology, particularly single-pane laminate glazing.

The partnership has resulted in vital energy output enhancements and design enhancements, together with a prototype producing 40 watts per sq. metre, up from a earlier 30W.

The collaboration has seen ClearVue’s solar glass built-in into a greenhouse project in California that’s anticipated to generate about 107,000 kilowatt hours of electrical energy yearly.

ClearVue has additionally been engaged with ongoing greenhouse analysis at Murdoch University in Perth. The Murdoch Research Solar Greenhouse is in its fourth growing season.

This R&D tax rebate validates our ongoing dedication to innovation and excellence in solar-integrated building envelope options. We proceed to invest strategically in product development and scientific analysis to assist the commercialisation of our Generation 2 merchandise and to take care of our place on the forefront of sensible building design.

The authorities’s business help program was set up to encourage and assist companies to undertake R&D actions that they might not in any other case be prepared to attempt. It is designed to help recipient corporations innovate and grow by offsetting some of their prices of eligible R&D.

ClearVue’s ongoing innovation has produced a vary of outstanding energy-saving and energy era merchandise with actual sensible environmental, life-style and amenity advantages in building, industry and home functions – offering a window into a green-energy building future.

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