ClearVue Technologies Limited (ASX: CPV) provides solar energy solutions. The company builds integrated photovoltaic, glass and building surfaces, thin film photovoltaic cells and panels, and other building materials. ClearVue Technologies serves building and agricultural industries in Australia.
The company, today on 28 March 2019, has updated that ARUP (a global consulting engineering group) have further refined their modelling based on the assumptions that the “test building” shall be of 25,000 sqm. This building will be broken down into 10 floors, with each level having an area of 2,500 sqm. All the floors will have views facing N, E, S, W. The N, E and W are modelled with ClearVue windows, resulting in 315 sqm of 125 ClearVue IGU panels per floor (equivalent of 1,250 ClearVue IGU panels total), and the results will be based on 365 days use a year (earlier model was based on 260 business days only).
The refined modelling demonstrates, a peak daily energy of 254 kWh; an average daily energy of 153 kWh; and yearly energy of 55,870 kWh.
The company notes, based on the modelling that the generated electricity can contribute to the power and lighting, supplementary air conditioning, automated window blinds and IOT equipped accessories.
The model ignores the fact that approximately 40% of energy saving in the building would be due to the ClearVue glass being triple glazed and low-emissivity. Initially indicated numbers from ARUP (based on data in their model) estimate that a 40% saving on a typical floor’s annual electricity bill (separate from power generated) would be roughly 61,000 kWh. Along with this, the model doesn’t consider the significant additional benefits that will flow to a building owner from the contribution made by ClearVue's windows towards the building's NABERS and GreenStar ratings.
These rating tools aggregate the energy and environmental features of a building and can increase its marketability to prospective tenants with the greater efficiencies that the panels can produce at high angles of incidence and the spandrel gaps between floors, i.e. ClearVue PV glazing could also be deployed in the space between floors to increase the overall system size and consequent power output significantly. Considering this, ARUP have advised that their model is conservative and realistic and that with a further investigation may result in higher outputs.
On the price-performance front, the stock has posted the YTD return of -8.93%. The company also has posted returns of -51.89% & -10.53% over the past six and three months, respectively. At the time of writing, i.e., on 28th of March 2019 AEST 3:27 PM, the stock of the company is trading at a price of A$0.26, up 1.961% during the day’s trade with a market capitalisation of ~A$24.92 million. The stock opened the day at A$0.260, reached an intraday high of A$0.290 and touched an intraday low of $0.245, with a daily volume of more than 189,751. It had a 52-week high price of $ 0.830 and a 52 weeks low price of $ 0.110, with an average volume of 227,520 approximately.
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