Bara plans to expand the floor area by 25,470 square metres at a construction cost of about US$19 million to capitalise on South Korea’s national Smart Factory strategic initiative.
The companies will look to integrate the full range of smart solar solutions into the new industrial infrastructure, supporting the country’s vision to have workplaces utilise Industry 4.0 technologies, such as clean energy, to generate renewable power.
ClearVue Technologies chief executive officer Martin Deil said: “This agreement with Sinrok marks a significant milestone in ClearVue’s global growth strategy. South Korea represents a dynamic and forward-thinking market for green construction and renewable technologies. Through our collaboration on the Bara Factories’ project, we will not only be showcasing our building-integrated solar technologies at scale but also forming a trusted local alliance that can accelerate our presence in South Korea.”
ClearVue and Sinrok plan to formalise a distribution agreement in the coming months, which will outline detailed commercial terms, product support initiatives and their respective local certification responsibilities.
In the interim, Sinrok will take the lead with the Bara Factories project to secure the provision of smart solar products in its development and begin to liaise with potential South Korea customers.
ClearVue’s building-integrated photovoltaic products consist of solar vision glass and cladding units.
The power-generating windows act like transparent solar panels, generating electricity from the sun’s rays to make a building more energy-efficient.
The windows comprise a clear, double-glazed glass panel sandwiched around a proprietary laminated plastic layer that contains nano- and microparticles. The microparticles absorb and divert solar energy into thin strips embedded in the internal edges of the window, where they are converted into electricity.
Management says testing has shown that its solar units can produce cooler and quieter workplaces, while also generating sufficient power to offset costs or run internal services. The power can either offset or supplement building services, such as powering fans or reducing air-conditioning needs.
ClearVue has also released a range of products that can turn a building facade into a power-generating area to provide a net-zero solution.
The new building spandrels and cladding do not contain the proprietary technology and act more like traditional solar panels.
The company has many markets to target, with the bulk of its products going into new buildings. The retrofit-refurbishment market accounts for a growing product supply, at the same time the greenhouse and modular housing industries show tremendous growth potential.
ClearVue is forging strong partnerships with manufacturers and distributors in many of the world’s leading green energy regions, providing a clear view of its pathway to corporate growth.
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