SolarWindow Technologies, Inc. (OTCQB: WNDW) has revealed for the first time its revenue, industry partnership, and build-out strategy for bringing the company’s proprietary electricity-generating windows to market during its August 20, 2015 webcast.
“I’ve never seen a technology with the kind of potential that I see with SolarWindow™ where you have the very real prospect of turning entire skyscrapers into electricity power generators,” said Curtis Watkins, Project Manager, Emerging Technologies, Duke Energy, and a SolarWindow Advisor.
“Utilities need to address renewables in a couple of different ways. Our customers say renewables are important to them and we have to find solutions for them so we’ve developed a Distributed Generation Group and SolarWindow presents a fantastic opportunity for that,” said Watkins.
A video demonstration of SolarWindow™ generating electricity from both direct sunlight and in low-light indoor conditions is available here.
“We are fundamentally stronger today than ever before,” said John A. Conklin, President and CEO of SolarWindow Technologies, Inc. “Our technology works. We are on track to bring the world’s first-of-its-kind electricity-generating window to market.”
The highlight of the webcast explains the build-out of commercial SolarWindow™ products. Industry experts and management also answered important questions, including:
• How SolarWindow is preparing for commercial production in order to generate revenue
• How the company is formalizing relationships with the glass, energy and building industries, in order to give SolarWindow instant commercial reach
“The tinkering is over. All of us are witnessing one of the biggest breakthroughs in clean energy and we are focused on commercialization over the next 28 months – a very short home stretch, and the steps I have outlined in the webcast will get us there,” said Conklin.
Renewable energy tax expert, Ken Schuckers, explained that, “SolarWindow has calculated the fastest financial return I’ve ever seen, under one year.” Schuckers’ credentials include Deloitte & Touche, LLP, and Partner at Grant Thornton, LLP.
Schuckers further detailed how the one-year payback is modeled and validated, and stated that, “Most solar companies are looking at a four to five year payback. In best-cases, we’re lucky to see less than four years.”
SolarWindow™ modules can produce more than 50 times more power than rooftop solar when modeled for an installation on a single 50-story building; and achieves more than 12 times the environmental benefits, according to company engineers.
“One of the most impressive features about SolarWindow™ is how it’s being developed for direct integration with existing fabrication and glass manufacturing processes using high speed and large-area coating methods,” said Patrick Sargent, SolarWindow Advisor and former Photovoltaics Cover Technology Leader at one of the world’s largest glass producers, where he manufactured glass for solar energy applications.
“We don’t need to disrupt the primary manufacturers’ $30-$80 million dollar float or fabrication lines to incorporate SolarWindow processes. Our coatings can be applied at the glass plant after the glass is manufactured, cut, and edged, if required. Nobody – ever – has achieved this type of technology or product before.”
The SolarWindow™: Power Reinvented webcast was hosted by John A. Conklin, President and CEO of SolarWindow and featured scientists, company and industry-leading guest speakers discussing the company’s technology, product timeline, recent technological developments, and innovations.
The cost of electricity is increasing and Government initiatives are in full swing, like the Clean Power Plan, which mandates that electricity needs to be generated in more efficient and less expensive ways. The Administration’s plan calls for power plants to reduce their emissions by one-third. An estimated 35 percent of this electricity is consumed by commercial buildings, the target market for SolarWindow.