Ubiquitous Energy Increases $30 M to Push Transparent Solar Window Tech

• The company makes clear photovoltaic or pv glass coating that uses solar power to generate energy, all while remaining visibly indistinguishable from standard windows.
• The company has actually likewise increased a total amount of $70 million funds to date to ramp up its transparent solar UE Power ™ modern technology in the direction of commercialization.

Ubiquitous Energy, that makes transparent solar glass coating that harnesses solar energy to generate energy, all while staying visibly indistinguishable from standard windows, shut a $30 million Series B funding round late last year.

Including this Series B round, a total of $70 million of funding has actually been raised by the business to date to ramp up its clear solar UE Power ™ innovation in the direction of commercialization, claimed Ubiquitous Energy.

The current raise was led by involvement from both brand-new and current financiers, including Andersen Corporation, ENEOS, Safar Partners, Hostplus, Red Cedar Ventures, and also Riverhorse Investments.

The company has started the site selection procedure for its initial high volume manufacturing line that will certainly be found in the united state, which will allow the company to bring its UE Power ™ modern technology to the window market. Broad fostering of UE Power ™ within architectural glass has the opportunity to counter as much as an estimated 10% of worldwide CO2 emissions, considerably minimizing the 40% of worldwide carbon emissions that come from structures as well as enhancing their energy effectiveness at the same time, claims Ubiquitous Energy.

With greater than 20 billion square feet of windows installed in homes as well as buildings yearly, home owners and companies have a chance to raise value from these surface areas by installing transparent solar window products that produce energy as well as lower the building's carbon footprint.

"To both domestic and also industrial building passengers, Ubiquitous Energy's clear solar windows supply a clear, natural experience that is anticipated from traditional windows, however with renewable energy generation that can be utilized for self-supporting, on-board power as well as smart performance or to offset energy intake in other places. It is a complementary solar power asset that functions within a portfolio of other eco-friendly innovations for a larger, advancing impact," states the company.

The Series B financing enables the company to direct sources to continued r & d, manufacturing as well as product release, ultimately permitting more people to experience the power of solar, included Ubiquitous Energy.