New Energy Technologies Inc. (OTCBB: NENE) announced plans to advance its efforts to commercialize the Company’s novel SolarWindow technology, in order to accelerate to-market the ‘first-of-its-kind’ product capable of generating electricity on see-through glass windows.
(November 24, 2010) — New Energy Technologies Inc. (OTCBB: NENE) announced plans to advance its efforts to commercialize the Company’s novel SolarWindow technology, in order to accelerate to-market the ‘first-of-its-kind’ product capable of generating electricity on see-through glass windows via thin-film PV technology.
Electrical power is generated on glass by spraying New Energy’s SolarWindow coatings onto surfaces using commercially available equipment. Through the Company’s patent-pending process, company researchers spray SolarWindow coatings onto glass at room temperature, eliminating expensive and often cumbersome high-temperature or high-vacuum production methods typically used by current solar manufacturers.
Glass surfaces remain see-through, and generate electricity in both natural and artificial light conditions. In artificial light, New Energy’s SolarWindow technology outperforms today’s commercial solar and thin-films by as much as 10-fold under low-intensity irradiance. This feature was recently demonstrated at a public unveiling of SolarWindow.
At the SolarWindow debut, company scientists demonstrated the technology’s ability to generate ‘voltage’ to power lighting, and also revealed SolarWindow’s capacity to produce ‘current’ necessary for powering mechanical devices and appliances.
“Our demonstration of SolarWindow’s ability to generate both current and voltage on glass surfaces, while remaining see-through, is an incredible technical achievement and marks a pivotal maturation point for New Energy, where we have transitioned from early research towards product development, and eventual commercial launch,” explained Mr. John A. Conklin, president & CEO of New Energy Technologies Inc.
“SolarWindow is a fantastic product under development, which not only promises to deliver significant environmental benefits to consumers, but also bears enormous commercial opportunity for all of our stakeholders. The prospect of creating a technology capable of turning otherwise passive window panes into see-thru power generators in an estimated 5 million commercial buildings and 80 million detached homes in America, is very exciting.
“In upcoming quarters and the year ahead, we anticipate undertaking significant efforts to accelerate our SolarWindow towards commercialization. Our priorities include the development of additional patent protection, improved manufacturability, increased power production, advanced power output modeling, and attracting management-level talent able to help advance our breakthrough technology from the research-bench to commercial market,” concluded Mr. Conklin.
Specific initiatives related to the development of SolarWindow include:
Technical improvements designed to:
Improve cell efficiency and performance;
Increase transparency of glass surfaces;
Ensure long-term product performance;
Scale-up current working prototype; and
Develop low-cost manufacturing methods.
Strategies designed to:
Bolster commercial protection with additional patent filings;
Pursue commercial partnership opportunities;
Secure third-party certification of the SolarWindow ‘module’ performance; and
Create advanced models of SolarWindow’s power production when applied to an entire building as a ‘system’.
The Company is working to develop an advanced power output model which accounts for performance and operating characteristics and which can serve as a basis for preliminary system sizing, value engineering, economic analysis, and power offset estimates — important considerations to prospective SolarWindow commercial customers.
Currently under development, SolarWindow is the first-of-its-kind see-thru glass window technology capable of generating electricity, and according to the Company’s internal financial modeling, able to outperform conventional rooftop solar installations by more than 300% when applied to the facades of commercial towers.
New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next-generation alternative and renewable energy technologies. For additional information, visit www.newenergytechnologiesinc.com.