The August 20th event (2pm EDT) will share the timeline and important next steps for bringing to market the company’s transparent windows for generating electricity on skyscrapers and tall towers.
COLUMBIA, Md.--Effective immediately, SolarWindow Technologies, Inc. (OTCQB: WNDW) is inviting members of the public, investors, industry stakeholders, and media. The August 20th event (2pm EDT) will share the timeline and important next steps for bringing to market the company's transparent windows for generating electricity on skyscrapers and tall towers.
There are an estimated five million skyscrapers, tall towers and commercial buildings in the U.S. alone. Commercial buildings consume almost 40 percent of U.S. electricity. Nearly 70 percent of U.S. electricity relies on power plants that use fossil fuels, such as coal and petroleum, which produce harmful emissions.
"Our goal is to put a solid dent in carbon emissions while providing customers with clean energy solutions that make economic sense. Our calculated financial payback of under one year for SolarWindow products achieves exactly that," said John A. Conklin, President and CEO of SolarWindow Technologies, Inc.
Engineers calculate that a single installation of the company's proprietary windows can avoid 2.2 million miles of vehicle pollution, at least 12 times more than today's solar systems on building rooftops; and could reduce carbon emissions equivalent to 770 acres of forest, compared to today's rooftop (PV) systems equivalent to only 20 to 70 acres of forest.
Carbon emissions from electrical power plants have been linked to harmful climate and health issues in adults and children, an increasingly troublesome concern to the United States Environmental Protection Agency. Last week, the Obama Administration responded with the launch of its Clean Power Plan in an effort to reduce carbon dioxide emissions from power plants by 32 percent.
Among the largest consumers of electricity from these power plants are commercial buildings, the target market for SolarWindow products. These buildings consume more electricity than any one of the industrial, agricultural, or transportation sectors in the U.S.
"We've long held the belief that this is the most important segment to go after. Now, as we bring our products to market, it's especially timely that consumers are demanding emissions reductions while commercial electricity customers are embracing renewable energy," said Mr. Conklin.
In the U.S., iconic brands such as Apple, Walmart, Macy's, Kohl's, Staples, Ikea, McGraw Hill, Campbell's and Johnson & Johnson have been increasingly adopting renewable energy.
The push for emissions reductions and the development of clean energy solutions has also been bolstered by a $1 billion increase in investment by prolific investor, entrepreneur, and philanthropist, Bill Gates, as part of his climate change initiative.
Patent-pending SolarWindow™ products are under development for an estimated 85 million commercial buildings and detached homes in the United States.
Webcast - SolarWindow: Power Reinvented
Reserve Your Seat: Register Today
The event will be webcast live via the Internet on:
August 20, 2015
Time: 2:00 PM EDT
About SolarWindow Technologies, Inc.
SolarWindow Technologies, Inc. is a developer of next generation, transparent electricity-generating SolarWindow coatings.
SolarWindow coatings generate electricity on see-through glass and flexible plastics with colored tints popular to skyscraper glass. Unlike conventional systems, SolarWindow can be applied to all four sides of tall towers, generating electricity using natural and artificial light conditions and even shaded areas. SolarWindow uses organic materials, which are dissolved into liquid, ideal for low-cost high-output manufacturing; and is the subject of a patent pending technology.
The company's Proprietary Power Production & Financial Model (Power & Financial Model) uses photovoltaic (PV) modeling calculations that are consistent with renewable energy practitioner standards for assessing, evaluating and estimating renewable energy for a PV project. The Power & Financial Model estimator takes into consideration building geographic location, solar radiation for flat-plate collectors (SolarWindow irradiance is derated to account for 360 degree building orientation and vertical installation), climate zone energy use and generalized skyscraper building characteristics when estimating PV power and energy production, and carbon dioxide equivalents. Actual power, energy production and carbon dioxide equivalents modeled may vary based upon building-to-building situational characteristics and varying installation methodologies.