US window maker backs transparent solar cell startup

US window maker backs transparent solar cell startup
Business news |
US window and door maker Andersen has made a strategic investment in transparent solr cll startup Ubiquitous Energy
By Nick Flaherty

Share:

Ubiquitous Energy, a spin out of MIT, is developing transparent photovoltaic technology that converts light into electricity using semiconductor materials while maintaining visible transparency. The Andersen investment closes the $30m Series B round of funding.

Ubiquitous Energy’s UE Power technology is the only patented and transparent photovoltaic glass coating that harnesses solar power to generate electricity, while remaining almost indistinguishable from traditional windows. The technology provides a clear, natural experience that is expected from traditional windows, but with renewable energy generation that can be used for self-contained, on-board power and smart home functionality, or to offset energy consumption elsewhere.

“Ubiquitous Energy’s transparent photovoltaic technology is revolutionary and represents a new horizon for the fenestration industry,” said Jay Lund, chairman and chief executive officer, Andersen Corporation. “As America’s premier window and patio door manufacturer, Andersen is excited to support the work of Ubiquitous Energy to bring solar power into homes and commercial buildings through windows and doors, creating new opportunities for energy efficiency, cost savings and smart home integrations that will both delight homeowners and contribute to a healthier planet.”

Andersen, based in Minnsota, has over 225 patents to its name since it started in 1903. The company says the investment in Ubiquitous Energy represents the its interest in advancing externally developed disruptive technology. “We are thrilled to bring on Andersen as a new funding partner,” said Susan Stone, chief executive officer, Ubiquitous Energy. “We are committed to making an enormous impact environmentally and this latest funding round will help expand what’s possible in a renewable energy portfolio and change the way the world utilizes solar power – one window at a time.”

andersenwindows.com; ubiquitous.energy 

Related articles

Other articles on eeNews Power

Linked Articles
eeNews Power
10s