ClearVue Technologies (ASX: CPV)Share Price and News
About ClearVue Technologies
ClearVue Technologies is a manufacturer of solar-powered glass windows. Its core product is ClearVuePV that is a frame of glass with a layer of micro and nano-particles that reflect the sun’s rays towards embedded solar cells.
The solar rays are converted to energy and the system allows up to 70% of the light to pass through, without obstructing the view. ClearVue can operate regardless of climatic conditions and it can do so autonomously.
The company is able to manufacture with a low-capital intensity and has a highly scalable licensing model, with potential for multiple revenue sources (including, but not limited to, licensing fees and royalties on sales).
CEO Martin Deil has used the metaphor of a ‘Lego model’ approach to describe how the model works. ClearVue will provide its clientele with a kit of component parts easily incorporated into standard windows, transforming them into power-generating windows.
The components will be assembled locally and shipped in smaller, lighter packages. ClearVuePV will be integrated seamlessly into production lines – it is designed for this to be possible
Clearvue's Company History
ClearVue Technologies was founded in 2010 but traces its origins to 1995. It was founded by Victor Rosenberg who attempted to deveop an infrared (IR) blocking method for glass to absorb and reflect heat from windows, then realised that it could be re-purposed to create a 'solar concentrator' to focus infrared for collection and power generation.
CPV listed in 2018, by which point it had a minimum viable product and had just signed a manufacturing agreement with a Chinese glass manufacturer. After its IPO, CPV put its technology through several trials.
Since commencing development in 2011 (with Edith Cowan University), the company has increased the amount of electrical output from the glass, all while shrinking the unit. The latest generation can produce up to 33W peak of electric output per square metre of glass, even in spite of being 48.5% thinner and 40% lighter than the previous generation.
The past couple of years has seen significant progress with several executed licensing agreements, its initial installations and the setting up of a US office.
Future Outlook of ClearVue Technologies (ASX: CPV)
ClearVue's future is closely tied to the global push for sustainable construction and renewable energy integration.
CPV is in the middle of a 12–18-month period during which it intends to realise its commercial plan and is gradually seeing its plans come to fruition. The company already has achievements to boast of including more than tripling project quotes and its licensee pipeline.
The company is positioning itself for further growth including by building up a commercial team in the key markets (particularly the USA) as well as building up its capacity and processes to meet future sales volumes. It has a target of 23 new licensees by the end of CY25, which would amount to a total of 31 – specifically 7 in the first half of the year and an extra 16 in the second half.
Growth will not only come from deals with new clients but also from expanding deals with existing clients. For instance, ClearVue anticipates expanding its agreement with Aria Holdings (Alutec) to cover a subsidiary in India and one in Saudi Arabia, to target both jurisdictions’ construction markets.
Looking more broadly, ClearVue is facing a global market opportunity that was US$23.7bn last year and is expected to grow at a CAGR of 21% to US$89.9bn by 2030 – namely, the Building-Integrated Photovoltaic (BIPV) Market. This growth is expected to be driven be growing demand for renewable energy, energy security awareness, favourable government regulations and global commitments to reduce greenhouse gas emissions.
Is CPV a Good Stock to Buy?
ClearVue Technologies presents an intriguing proposition for investors seeking exposure to innovative clean technology within the ASX.
For investors with higher risk tolerance and a long-term horizon, CPV could represent a strategic play on the sustainable building materials trend. However, those seeking stable income or lower volatility may find the stock less suitable at this stage.
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Frequently Asked Questions
ClearVue can generate solar power from glass windows. It can do so regardless of climatic conditions and can do so autonomously. Moreover, the technology can be manufacturered with low-capital intensity and can be seamlessly incorporated into standard windows.