Leading Solar Testing Agency Confirms New Energy’s Power Output for its SolarWindow™
See-thru spray-on technology turns ordinary glass surfaces into electricity-generating SolarWindows™, able to outperform rooftop solar by 300%.
Burtonsville, MD – November 1, 2010 – New Energy Technologies, Inc. (OTCBB: NENE) announced today that Florida Solar Energy Center (FSEC), a leading American certification and testing laboratory for solar products and equipment, has validated the Company’s power production modeling calculations for its novel, SolarWindow™ technology.
SolarWindow™ is the first-of-its-kind see-thru glass window capable of generating electricity, and able to outperform conventional rooftop solar module installations by more than 300% when applied to the facades of commercial tall buildings and skyscrapers.
Engineers modeling a 40-story building, similar to Tampa’s landmark “100 North Tampa,” estimate annual cost-savings of $40,000 to $70,000 when installing New Energy’s SolarWindow™ to exposed window facades. In contrast, mounting today’s popular poly-crystalline silicon modules rack-mounted on the rooftop produces only $20,000 in energy savings per year.
“We have long anticipated that applying SolarWindow™ to exterior glass surfaces of commercial towers could generate energy savings several-fold greater than today’s rooftop solar systems,” explained Mr. John A. Conklin, President and CEO of New Energy Technologies, Inc. “It’s wonderful to have these power modeling calculations now validated by FSEC, a highly-respected independent solar testing agency.
FSEC engineers reviewed numerous variables associated with the design basis and guidelines used in New Energy’s SolarWindow™ electrical power and financial model calculations, including:
- Building Area and Height – These variables account for the structure’s length and width, and allow for modeling of the number of building stories and calculation of “total viewable window surface area”;
- Number of Building Sides Available – This allows for calculation of SolarWindow™ power output based on various window exposure configurations;
- Peak Sun Hours – The number of hours required for a day’s total solar irradiation to accumulate at peak sun condition (PSH/day);
- Annual Building Energy Demand – The amount of energy required to power a building (kWHr/Yr);
- Roof Area – This calculation allows for comparison of SolarWindow™ against rooftop solar installations, and considers an “open array arrangement” for such systems; and
- Solar Offset Desired (Solar Fraction) – The percentage of a building’s energy requirements that can be met (satisfied) by a solar energy system. A Solar Offset of 100% means the entire building energy requirement is satisfied by the renewable energy system.
Following their review, FSEC engineers concluded that calculations in New Energy’s SolarWindow™ power output calculations model are “…reasonable and free of any significant errors.”
Florida Solar Energy Center is one of the nation’s leading certification and testing laboratories for solar products and equipment. The center’s expertise is based on nearly 30 years experience conducting solar energy certification and testing programs, the accreditation of PowerMark Corporation (PMC) and partnerships with such national associations as the American Society of Heating, Refrigerating and Air Conditioning Engineers (ASHRAE), The National Association of State Energy Offices (NASEO), and the Solar Rating & Certification Corporation (SRCC).
FSEC is renowned for solar testing, and has a long-standing history of certifying both solar hot water and photovoltaic (PV) modules. FSEC-certified PV modules include products by industry leaders such as: General Electric, Mitsubishi, Sanyo, Samsung, Sharp, BP Solar, DuPont Apollo, First Solar, and Suniva, 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:
- MotionPowerTM 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 6 billion miles on America’s roadways, every day; and
- SolarWindowTM 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.
For additional information, please call Ms. Briana L. Erickson toll-free at 1-800-213-0689 or visit: www.newenergytechnologiesinc.com.
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No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although New Energy Technologies, Inc. (the “Company” or “New Energy Technologies”) believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words “may,” “will,” “should,” “could,” “expect,” “anticipate,” “estimate,” “believe,” “intend,” or “project” or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company’s products, technical problems with the Company’s research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company’s operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company’s ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that the necessary regulatory approvals will be obtained or that New Energy Technologies, Inc. will be able to develop commercially viable products on the basis of its technologies. In addition, other factors that could cause actual results to differ materially are discussed in the Company’s most recent Form 10-Q and Form 10-K filings with the Securities and Exchange Commission. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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