ClearVue Technologies (ASX:CPV) receives first residential order

• ClearVue Technologies (CPV) receives an order for the first residential installation of its solar energy skylight windows into a new luxury residence in the ACT
• As part of the project, ClearVue will install eight photovoltaic skylights of 0.78 metres by 1.4 metres alongside other non-solar windows and doors
• The company says this project will serve as a reference site for future residential and skylight projects and applications locally and globally
• Construction on the project has commenced and is expected to be completed by the end of February next year
• ClearVue shares are up 2.5 per cent to 20.5 cents at 3:36 pm AEDT

ClearVue Technologies (CPV) has received an order for the first residential installation of its solar energy skylight windows into a new luxury residence in the ACT.

As part of the project, Clearvue will install eight photovoltaic skylights of 0.78 metres by 1.4 metres alongside other non-solar windows and doors.

The company said this project would serve as a reference site for future residential and skylight projects and applications locally and globally.

The home will be built by apartment developer Custom Apartments in conjunction with Elm Building Group.

Construction on the project has commenced and is expected to be complete by the end of February next year.

ClearVue has previously deployed its solar glass products into various projects across the Asia-Pacific region, but this will be its first project in the residential housing market.

The company said it had been taking steps to promote its PV glazing product in the context of skylights and roof windows.

This includes active discussions with potential licensees in several jurisdictions for the right to manufacture and distribute the ClearVue product for this specific application.

Head of Investor Relations Earle Harper said this sale supported the company’s commercialisation journey.

“The sale, whilst a sizeable order for a single residence project, more importantly demonstrates the flexibility of the ClearVue PV glazing product across market categories and segments and will provide yet another reference site for the company, including, in this case, to be used to demonstrate the skylight and residential market applicability for the product,” Mr Harper said.

ClearVue shares were up 2.5 per cent to 20.5 cents at 3:36 pm AEDT.