March 29, 2011 – New Energy Technologies is pleased to announce that as part of its efforts to advance the commercial development of SolarWindow, capable of generating electricity using see-through glass, the company has entered into a Cooperative Research and Development Agreement (CRADA) with the U.S. Department of Energy's National Renewable Energy Laboratory (NREL) in Golden, Co. NREL is one of the world's most respected and advanced solar-photovoltaic research institutions.
"The addition of NREL's world-class solar research group to our ongoing
efforts at the University of South Florida marks a significant step
forward for our company and our SolarWindow technology," explained John
A. Conklin, president and CEO of New Energy Technologies.
"The goals of this CRADA move us definitively towards product development, important to the commercialization of SolarWindow."
Under terms of the CRADA, NREL researchers will make use of the
Company's exclusive intellectual property and NREL's background
intellectual property in order to work towards specific product
development goals, including efforts to bolster SolarWindow efficiency
and transparency, boost its electrical power (current and voltage)
output, optimize the application of the active layer coatings which make
it possible for SolarWindow to generate electricity on glass surfaces,
increase the size of the active layer in SolarWindow, and develop
improved electricity-generating coatings by enhancing performance,
processing, reliability, and durability.
"We are always eager to help industry advance renewable energy
breakthroughs towards commercial products. I welcome the opportunity to
work with New Energy Technologies on the development of its SolarWindow
technology," stated Ryne Raffaelle, director of NREL's National Center
for Photovoltaics.
There are nearly 5 million commercial buildings in America, according to
the Energy Information Administration, and more than 80 million single
detached homes. New Energy's SolarWindow technology is under development
for commercial application in such buildings.
More about NREL's photovoltaic research can be found at www.nrel.gov.
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