COLUMBIA, Md.–(BUSINESS WIRE)–New Energy Technologies, Inc. (OTCBB: NENE) today announced that scientists developing the Company’s novel SolarWindow™ technology, capable of generating electricity on see-thru glass windows, have achieved an important research breakthrough which could result in the replacement of materials prone to breakdown and degradation. Successful integration of the Company’s newly-discovered compounds could lead to improved efficiency, lower production costs and enhanced future commercial manufacturability of SolarWindow™.
“Early-on, we focused on developing electricity-generating coatings which remain transparent and can be applied onto glass surfaces at room-temperature. These goals were successfully achieved by our researchers and publicly demonstrated late last year”
“Early-on, we focused on developing electricity-generating coatings which remain transparent and can be applied onto glass surfaces at room-temperature. These goals were successfully achieved by our researchers and publicly demonstrated late last year,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “This year, our sights are set on commercial product development targets, such as power output, efficiency, durability, reliability, cost, and manufacturability.”
Researchers are also working towards the replacement of brittle and expensive materials commonly used for generating electricity on SolarWindow™ with easier to handle, low-cost liquid compounds.
New Energy’s replacement compounds support one of the most important functions for generating electricity on glass surfaces of SolarWindow™, namely, the movement of electrons. This ‘flow’ of electrons (negatively charged particles) is fundamental to generating electric ‘current’, necessary for powering appliances and fixtures.
During ongoing development testing, these new compounds have been shown to successfully ‘mobilize’ the electrons necessary for generating electricity on SolarWindow™ prototypes. Notably, scientists have produced these solution-based compounds without the use of expensive starting materials, and have discovered methods which allow for high reproducibility.
Unlike conventional materials used for generating electricity on organic solar cells, New Energy’s liquid compounds, currently under development by scientists, remain see-thru, are easy to handle, and can be applied at room temperature and without the use of high-vacuum — all important attributes to support commercial manufacturing.
“Today’s announcement marks an important achievement. Each new milestone we accomplish during research and development, and prototype fabrication, brings us one step closer to commercialization of our SolarWindow™ technology,” Mr. Conklin concluded.
New Energy’s SolarWindow™ technology — capable of generating electricity on see-thru glass windows — is currently under development for potential application in the estimated 5 million commercial buildings in America (Energy Information Administration) and more than 80 million single detached homes.
About New Energy Technologies, Inc.
New Energy Technologies, Inc., together with its wholly owned subsidiaries, is a developer of next generation alternative and renewable energy technologies. Among the Company’s technologies under development are:
- MotionPower™ roadway systems for generating electricity by capturing the kinetic energy produced by moving vehicles – a patent-pending technology, the subject of nine patent applications in the United States and two international patent filings. An estimated 250 million registered vehicles drive more than six billion miles on America’s roadways, every day; and
- SolarWindow™ technologies which enable see-thru windows to generate electricity by ‘spraying’ their glass surfaces with New Energy’s electricity-generating coatings. These solar coatings are less than 1/10th the thickness of ‘thin’ films and make use of the world’s smallest functional solar cells, shown to successfully produce electricity in a published peer-reviewed study in the Journal of Renewable and Sustainable Energy of the American Institute of Physics.
Through established relationships with universities, research institutions, and commercial partners, we strive to identify technologies and business opportunities on the leading edge of renewable energy innovation. Unique to our business model is the use of established research infrastructure owned by the various institutions we deal with, saving us significant capital which would otherwise be required for such costs as land and building acquisition, equipment and capital equipment purchases, and other start up expenses. As a result, we are able to benefit from leading edge research while employing significantly less capital than conventional organizations.
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