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

Investment in Solar Power to Exceed Investment in Oil in 2023: World Energy Report, IEA

Ubiquitous Energy, which makes transparent photovoltaic glass coating that harnesses solar power to generate energy, all while remaining visibly indistinguishable from traditional windows, closed a $30 million Series B funding round late last year.

Including this Series B round, a total of $70 million of funding has been raised by the company to date to ramp up its transparent solar UE Power™ technology towards commercialization, said Ubiquitous Energy.

The latest raise was led by participation from both new and existing investors, including Andersen Corporation, ENEOS, Safar Partners, Hostplus, Red Cedar Ventures, and Riverhorse Investments.

The company has begun the site selection process for its first high volume manufacturing line that will be located in the U.S., which will enable the company to bring its UE Power™ technology to the window industry. Broad adoption of UE Power™ within architectural glass has the opportunity to offset up to an estimated 10% of global CO2 emissions, greatly reducing the 40% of global carbon emissions that come from buildings and improving their energy efficiency at the same time, claims Ubiquitous Energy.

With more than 20 billion square feet of windows installed in homes and buildings every year, homeowners and businesses have an opportunity to increase value from these surfaces by installing transparent solar window products that produce energy and reduce the building’s carbon footprint.

Even As Solar Glass Prices Retreat, Price Pressures To Continue On Modules in 2021

Also Read

“To both residential and commercial building occupants, Ubiquitous Energy’s transparent solar windows provide 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 functionality or to offset energy consumption elsewhere. It is a complementary solar power asset that works within a portfolio of other renewable technologies for a larger, cumulative effect,” states the company.

Borosil Renewables to Invest Rs 500 Cr to Double Solar Glass Manufacturing 

Also Read

The Series B funding allows the company to direct resources to continued research and development, manufacturing and product deployment, ultimately allowing more people to experience the power of solar, added Ubiquitous Energy.