Canva is building a new Sydney HQ. It wants Clearvue’s solar panel glass tech

ClearVue (ASX:CPV) has seen its share price jump nearly +15% on Thursday after inking a deal with Australian tech darling Canva to coat the latter’s new Sydney HQ with its proprietary solar panel glass cladding tech.

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ClearVue, which hit investors’ radars particularly hard in 2024 when it climbed above 60cps, is currently trading below 20cps, but its tech offering to the construction industry remains intact: glass for commercial property that harvests power through acting like a solar panel.

A non-binding letter of intent now sees ClearVue lining up to provide Canva with its technology, which the company last year was advancing toward usage in greenhouses in the U.K.

The deal underpins “[ClearVue’s] Solar Skylight, Solar Balustrade and rooftop solar, with approximately 310 panels installed across over 660sqm” at the new Canva HQ with the balustrade system borne from a bespoke engineering process “which conceals all … wiring and integrates ClearVue’s latest Thermal Management Junction box.”

The system will have a capacity of 75Kw of energy and is expected over the course of a year to generate up to 88,000 kilowatt hours, on a job that’s fairly cheap as far as these things go, in what will be a mixed blessing for shareholders: Only A$600,000.

All in all, Canva hopes to win a five-star green build NABERS rating. Private entity Infinity Construction Group will also work on the buildout.

“This project illustrates the capability that we have developed over the past year,” ClearVue CEO Doug Hunt said.

“Our supply chain of expert large-scale OEM manufacturers and our industry partners enable us to deliver project-specific solutions.

“The bespoke engineering ClearVue will deliver for the Canva headquarters, particularly the new Balustrade framing system and the advanced solar control coatings, is a clear illustration of our supply chain capabilities and shows that our technology continues to advance with every project we take on.”

CPV last traded at 16cps.

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