New Energy to Unveil World’s First-Of-Its-Kind See-Thru Glass SolarWindow™ Capable of Generating Electricity
University of South Florida Research Foundation grants New Energy exclusive, worldwide license for technologies to enable commercial development of SolarWindow™.
Burtonsville, MD – July 20, 2010 – New Energy Technologies, Inc. (OTCBB: NENE) is pleased to announce that researchers developing its proprietary SolarWindow™ technology have achieved major scientific and technical breakthroughs, allowing the Company to unveil a working prototype of the world’s first-ever glass window capable of generating electricity in the upcoming weeks.
Until now, solar panels have remained opaque, with the prospect of creating a see-thru glass window capable of generating electricity limited by the use of metals and various expensive processes which block visibility and prevent light from passing through glass surfaces.
New Energy’s ability to generate electricity on see-thru glass is made possible by making use of the world’s smallest working organic solar cells, developed by Dr. Xiaomei Jiang at the University of South Florida. Unlike conventional solar systems, New Energy’s solar cells generate electricity from both natural and artificial light sources, outperforming today’s commercial solar and thin-film technologies by as much as 10-fold.
Click here to view press release, announcing test results which show New Energy’s see-thru SolarWindow™ cells surpass thin-film and solar in artificial light:
New Energy’s SolarWindow™ technology is under development for potential application in the estimated 5 million commercial buildings in America (Energy Information Administration) and more than 80 million single detached homes.
“We’re always keen to see innovations in our laboratories turn into meaningful commercial products,” stated Valerie McDevitt, Assistant Vice President for Research, Division of Patents and Licensing, University of South Florida. “We very much look forward to the commercial development of New Energy’s SolarWindow™ technology, which, if successful, could literally transform the way in which we view the use of solar energy for our homes, offices, and commercial buildings.”
The University of South Florida Research Foundation has licensed Dr. Xiaomei Jiang’s groundbreaking discovery and important commercial processes and applications to New Energy Solar Corporation, a wholly-owned subsidiary of New Energy Technologies, Inc.
“It’s very exciting to see that our ongoing research has led to several significant breakthroughs with transparency and the production of electricity on see-thru glass,” explained Mr. Meetesh V. Patel, President and CEO of New Energy Technologies, Inc. “For the first time ever, these advances have allowed us to develop an early-scale working prototype of the technology, which I very much look forward to unveiling in the upcoming weeks.”
In recent months, numerous technical milestones have been surpassed by researchers developing New Energy’s see-thru SolarWindow™ coatings, including:
- The use of the world’s smallest functional solar cells, measuring less than ¼ the size of a grain of rice, and shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics. Importantly, these cells generate electricity from both natural and artificial light sources, outperforming today’s commercial solar and thin-film technologies by as much as 10-fold;
- Development of a novel, patent-pending process to spray SolarWindow™ coatings onto see-thru glass using commercially available technologies (presented in AZoNano’s Journal of Nanotechnology Online; Dec. 20, 2009, “Nanotechnology Thought Leaders” series); andClick here to view press release, announcing development of patent-pending technology to spray SolarWindow™ coatings onto see-thru glass:
- The ability to spray SolarWindow™ coatings onto glass at room temperature, eliminating expensive high-temperature or high-vacuum production methods commonly used by current solar manufacturers.
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About University of South Florida::
The University of South Florida is one of the nation’s top 63 public research universities and one of only 25 public research universities nationwide with very high research activity that is designated as community engaged by the Carnegie Foundation for the Advancement of Teaching. USF was awarded $380.4 million in research contracts and grants in FY 2008/2009. The university offers 232 degree programs at the undergraduate, graduate, specialist and doctoral levels, including the doctor of medicine. The USF System has a $1.8 billion annual budget, an annual economic impact of $3.2 billion, and serves more than 47,000 students on institutions/campuses in Tampa, St. Petersburg, Sarasota-Manatee and Lakeland. USF is a member of the Big East Athletic Conference.
SolarWindow Technologies, Inc. creates transparent electricity-generating liquid coatings. When applied to glass or plastics, these coatings convert passive windows and other materials into electricity generators under natural, artificial, low, shaded, and even reflected light conditions.
Our liquid coating technology has been presented to members of the U.S. Congress and received recognition in numerous industry publications. Our SolarWindow™ technology may generate 50-times the power of a conventional rooftop solar system and may achieve a one-year payback when installed on all four sides of a 50-story building, according to independently-validated power and financial modeling.
Power and Financial Model Disclaimer
The company's Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations, which are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow™ irradiance is derated to account for 360 degrees building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.
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