- ClearVue (ASX:CPV) receives its first commercial order from the United States for its solar glass solutions for greenhouses valued at $252,000
- The order was placed by Greenhouse System USA Inc.
- ClearVue will sell its single-glazing laminate for integration into System USA’s existing greenhouse structure, which is set to receive cost reductions under the IRA
- The deal opens the door to a global market in global solar greenhouse glass currently worth US$7.5 billion per year and growing
- CPV shares are up 4.5 per cent, trading at 34.5 cents at 11:29 am AEDT
Australian smart buildings company, ClearVue Technologies (ASX:CPV), has received its first commercial order from the United States for its clear solar glass solutions designed for greenhouses.
The order was placed by Greenhouse System USA Inc. of Watsonville, California and is valued at $252,000. System USA has been a leader in the American greenhouse solutions industry for over 40 years.
ClearVue will sell its single-glazing laminate for integration into System USA’s existing greenhouse structure, providing approximately 82 kilowatts of solar power and yielding an estimated 107,000 kilowatt-hours per annum.
The American project will be eligible for incentives created by the Inflation Reduction Act, leading to lower annual operating costs and a reduced carbon footprint.
“Greenhouses have been an integral part of our strategy from day one as we understood the growing global need for renewable energy solutions for sustainable agriculture,” CPV Global CEO Martin Deil said.
“Importantly, this new order validates our strategy for targeting the US-protected cropping agriculture market and opens an opportunity in global solar greenhouse glass currently worth US$7.5 billion per year and growing.”
“We look forward to an ongoing relationship with System USA as we progress discussions for them to become our US-based distributor.”
CPV shares were up 4.5 per cent, trading at 34.5 cents at 11:29 am AEDT.