- Solar energy solutions are getting a big boost down under today after the Australian Taxation Office granted $602,353 in research and development funding to ASX listed ClearVue Technologies
- ClearVue was the first in the world to incorporate solar energy solutions into windows for the consumer — powering homes and businesses
- The research and development rebates are attributed to the company’s most recent work with the University of New South Wales, Edith Cowan University, and London based engineering and design company ARUP
- Most recently the company landed a deal to put its technology in Swedish ‘micro-homes’ and showcased its business in Boston
Australian-grown technology saw a big win today, gaining a big investment from the Australian Taxation Office for solar energy development.
The $602,353 investment comes in the form of a research and development grant for ASX listed, ClearVue Technologies.
The company gained its first breakthrough in recognition during 2017, garnering headlines with ABC and Nine News.
Why? ClearVue is the first company to engineer solar energy solution that works inside of your windows.
The company incorporates special solar cells into regular windows, to harness the rays of the sun powering your home or business.
“ClearVue is a technology company first and foremost and to ensure that we maintain our technological edge we must continue to invest into ongoing research and product development,” Executive Chairman Victor Rosenberg said.
“In the last 12 months ClearVue has invested a lot into its ongoing R&D programs to ensure that our technology and products continue to lead in building-integrated photovoltaics and smart façades for the rapidly growing smart cities market.”
Most recently the company landed a deal to put its technology in Swedish ‘micro-homes’ and showcased its business in Boston. ‘Façade’ is the name given to the company’s main line of products.
“We are pleased that the Australian Government through the Tax Incentive Program is able to support innovation focused companies such as ours and we look forward to updating the market on the outcomes of our R&D activities as they come to fruition over time,” Victor Rosenberg added.
Image sourced from Attefallshus AB
The research and development rebates are attributed to the company’s most recent work with the University of New South Wales, Edith Cowan University, and London based engineering and design company ARUP.
Shares in ClearVue Technologies are trading at a 5.88 per cent premium today for 18 cents apiece.
The company’s market cap is currently valued at $16.61 million.