The spark for diving into this stock came from an intriguing episode of the Tech Zero podcast by the Australian Financial Review. They shed light on sustainable architecture, highlighting how Atlassian's headquarters is changing the game.

https://podcasts.apple.com/us/podcast/sustainable-skyscrapers-how-atlassians-hq-is-changing/id1626215592?i=1000650996533

Looking into the construction industry, it's clear it's a big contributor to global carbon emissions, making up around 39% of energy-related carbon dioxide emissions globally, as per the International Energy Agency.

In response to this challenge, ClearVue has stepped up with their innovative glass technology. It's not just about keeping things transparent anymore; their tech also generates electricity. They've come up with a clever interlayer that activates light passing through the glass to generate energy. Their latest windows can churn out a peak power of 40 Watts per square meter.

*Above Picture from ClearVue Investor Presentation 14/02/2024 Side 6

But what can you actually do with that? Well, quite a bit:

·      Light up LED bulbs: You can illuminate multiple spaces with the energy harvested from ClearVue's windows.

·      Power small gadgets: Devices like smartphones and tablets, known for their modest power needs, can be juiced up efficiently.

·      Run small appliances: Everything from blenders to toasters could find a home in a sustainable energy ecosystem.

·      Fuel low-power DIY electronics projects

While ClearVue is making waves, it's important to remember they're not alone in this space. Competitors like Solar Window Technologies, Glass to Power, ML System, Onyx, Next Energy Technologies, and Ubiquitous Energy are also making strides in sustainable glass tech.

Competition

·      Solar Window Technologies (OTCMKTS: WNDW Market Cap ~US $16.492m ) https://www.solarwindow.com/about-us-2/

·      Glass to Power https://www.glasstopower.com/?lang=en#

·      ML System (Polish Listed on Warsaw Stock Exchange 2018 WSE: MLS) https://mlsystem.pl/about-us/?lang=en

·      Onyx https://onyxsolar.com/about-onyx/company Private Company - Has done lot large scale projects

https://onyxsolar.com/projects

·      Next Energy Technologies https://www.nextenergytech.com/faq

·      Ubiquitous Energy https://ubiquitous.energy/about/

Broker Report

https://www.clearvuepv.com/wp-content/uploads/2024/03/20240305-ClearVue-Technologies-Pitt-Street-Research.pdf

Hypothetic Real World Application

Solar panels, in real-world conditions, typically produce between 200 to 300 watts per square meter. Contrastingly, the latest generation of transparent photovoltaic glass, such as ClearVue, reaches a peak of 40 watts per square meter.

In one of Clearvue presentations they use the example of One World Trade Center (Freedom Tower) in New York City having over 93,000 sqm of glass and out of curiosity I wondered how much of its daily power requirements could be powered if it was Clearvue glass. With a bit help from Chat GPT, I have come up  with an answer of less than 10% of the building daily requirements at peak output (probably bit too optimistic). Happy to be correct on the math or thinking too, if anyone has better understand or knowledge on the subject!!

To gauge the potential of transparent photovoltaic glass, let's consider the One World Trade Center (WTC) in New York City. With over 93,000 square meters of glass facade, the building presents an intriguing opportunity for solar energy integration.

Estimating Power Requirements: To estimate the power requirement of One World Trade Center, we consider various factors such as size, occupancy, and equipment. Assuming an average power consumption rate of 0.1 kWh per square foot per day, equivalent to approximately 350 megawatts (MW) of power per day, we gain insights into the building's energy needs.

Calculating Power Generation: Given the area of the glass panels (93,000 square meters) and the power generated per square meter (40 watts), we can calculate the total power generated. The result, 3,720,000 watts, highlights the potential contribution of transparent photovoltaic glass.

So assuming ~roughly 6 hours of peak production (depending on sunlight etc), resulting in 22,320,000 watts, or roughly 6.4% Building requirements.

Maybe jumping into subject to deeply but if you were to use the 93,000 square meters on solar panels which from quick research would cost same or less than transparent photovoltaic glass and obviously not on the building (in field/solar farm) it would power ~48% building requirements under the same assumptions.

Board And CEO

Victor Rosenberg - Non-Executive Chairman & Founder 

Mr Rosenberg is a serial entrepreneur, recognized globally for his contributions to the glass industry. Extensive business experience in senior management and sales over ~50 years. 

Martin Deil - Chief Executive Officer 

Mr Deil brings a deep knowledge of the international façade and architectural envelopes business to ClearVue, having spent the past 30 years in various senior management roles of increasing responsibility, including as CEO, Deputy CEO and COO within the Permasteelisa Group in different locations globally. Mr Deil has a Bachelor of Science (Honours) in Management and Systems from City University London. 

Jamie Lyford - Executive Director 

Mr Lyford is an IP, technology, commercial and licensing lawyer with 28 years of experience at local, national and international law firms, BHP and global IT company ATOS. Commercialisation specialist and operated Western Australian Government Innovation Centre. 

Gerd Hoenicke - Non-Exec Director 

Mr Hoenicke has worked as a CEO, a technical director, and a consultant for various internationally recognised façade companies (including Schneider, Seele and Schuco) and has an extensive portfolio of recognised façade projects. He currently runs his own consultancy business and works with architects and engineers on major US and European project. 

Chuck Mowrey - Non-Exec Director 

Mr Mowrey is the CEO of 8G Solutions, a leading U.S. contract glazier. He has more than 40 years of experience in the commercial glass and glazing industry gained over 5 decades. Mr Mowrey has led several companies to significant growth and onto an innovation path including Harmon Inc., Guardian Glass and others. 

Inside Ownership                  Ordinary Shares    % CPV Issued       Net Value at $0.50

Victor Rosenberg                    27,130,198                  11.21%                        $13.565m

Martin Deil                              1,084,000                    0.45%                          $542K

Jamie Lyford                           9,476,618                    3.91%                          $4.739m

Gerd Hoenicke                        236,900                       0.10%                          $118.45K

Chuck Mowrey                       0                                  0                                  0

Total                                       37,927,716                  15.66%                       $18.963m

*Only accounted for Ordinary Share not the Option

Below I have listed a summary of the announcements of ClearVue contracts for there transparent photovoltaic glass. I have not included distribution announcements or MOU agreements.

·      October 2023 $250K contract for 1st US solar greenhouse. Greenhouse System USA Inc. has placed a c.A$250,000 order for ClearVuePV Solar Glazing for a greenhouse project in California. https://announcements.asx.com.au/asxpdf/20231030/pdf/05wp8fqg5r2sdz.pdf

·      August 2021 first order from Japanese greenhouse leader Tomita Technologies. This, the first order since the license was granted in April, is for 187 of ClearVue’s glazing panels that will be used to cover an area of around 333m2 with fabrication to be completed in approximately 12 weeks. https://announcements.asx.com.au/asxpdf/20210825/pdf/44zpnvfffw0rrk.pdf

·      October 2020 order for 500 sqm of product from Brazil. AMB Brazil’s first order is for 500 square metres of ClearVue IGU products (equivalent to approximately USD $200,000). The 500 sqm order represents ClearVue’s largest order to date and demonstrates proof of product- market fit for ClearVue's technology. https://announcements.asx.com.au/asxpdf/20201001/pdf/44n801t7mtgdt7.pdf

·      May 2019 First order from it Middle Eastern Distributor. Grafsol has placed an order on the Company for 100 square metres of ClearVue integrated glazing units (IGU’s) for an order value of USD $45,000 before duties, tax, insurance and shipping. The panels to be used in part of a new construction project within the UAE. https://announcements.asx.com.au/asxpdf/20190501/pdf/444rg2q3wtf156.pdf

·      April 2019 Commercial Sale and Delivery to South African Property development group  GrowthPoint Properties Limited. The sale is for four (4) 1.2m x 1.2m panels, which GrowthPoint and Conscius Consultants intend to use as a technology demonstrator to assist them in obtaining a 6-Star rating for the new building. https://announcements.asx.com.au/asxpdf/20190402/pdf/443z6xc2nnkjrz.pdf

·      March 2019 Warwick Gove Shopping Centre Western Australia. ClearVue has installed its clear solar PV glass into its first demonstration site – the entrance atrium. The atrium entrance area ClearVue PV glass will charge a battery for energy storage and will provide power for lighting in the atrium, outside signage and for a display screen inside the Centre. The display will provide information on the performance of the atrium in terms of its power generation, energy savings made and carbon offsets. The atrium may also be further upgraded to include other real time information collected from IoT sensors integrated with the atrium structure and powered by the ClearVue PV glass. https://announcements.asx.com.au/asxpdf/20190130/pdf/4425l2jc5p01tq.pdf

Clearvue is a company that I've been watching closely for a while. I've liked the idea of their product since the beginning, and now that the world is working towards a greener future, Clearvue is in a really good position to capitalise on the opportunity.. not to mention they’ve had some fairly substantial announcements as of late.

What they do:

Simply, they make glazing products that produce electricity, much like a solar panel. To be a little more specific, "ClearVuePV uses nano and micro particle technology to internally diffuse, redistribute, and reflect elements of the incoming light towards the edges of the glass panel, where it is collected by monocrystalline silicon-based PV modules. The PV modules are placed into a circuit, which is optimized to harvest energy rays coming from multiple directions" - taken from the Clearvue website… if you have some time, I encourage you to jump on the website, they explain how the product works with pictures and video's that my one-year-old daughter would be able to understand (sort of)..

Recently, they have also moved into spandrel gap and wall cladding, which they say allows Clearvue to meet demands from the construction industry with sustainable and cutting-edge solutions.

Long story short, the world wants a greener future, and Clearvue can provide a solution for Architects, Engineers and Developers to implement a product into their designs that allows a significant shift towards net zero energy buildings.

Bull Case:

Over the last year, ClearVue has been releasing positive announcement after positive announcement, inclusive of their plans for mass-scale manufacturing, positive testing of their Gen-2 IGU’s, and as of late, their collaboration with a company out of the US called LuxWall and their joint collaboration in creating a new product called the ‘Zero Window’.

This spree of positive news has sent the SP from around .20c to a high of .74c over the last year or so.

I tuned into a presentation on the 24th of January 2024, in which Martin Deil (The CEO) presented; unfortunately Charles (Chuck) Mowrey (Non-Executive Director) was unable to present due to technical issues … which amazes me in this day and age.

Although nothing overly new cam out of it, the presentation left me feeling incredibly positive about ClearVue’s future.

What I’ll be watching:

ClearVue’s move into the US is set to really get going in the middle of 2024, with Martin Deil set to move to the states mid-year to assist in the process. The US is a key market, and if ClearVue can establish themselves and start commercialisation, it’ll be a huge boost to the company.

Listing on the NASDAQ was mentioned to be next year, but could come as early as towards the end of 2024.

The development, and commercialisation of ‘Zero Window’, which as far as I can see, will be the world’s first window that combined both solar glazing and LuxWall’s vacuum technology. This product will essentially create a window that both produces energy, and allows the building to use less energy through heating and cooling - the product will be demonstrated at the American Institute of Architects in June of 2024, and it’ll be interested to see the response.

I suspect we will see some up’s and down’s for the SP, but I’m looking long term, and I like what I see.

Disclosure - I own stock in RL and SM.