Andersen Corp. Invests in Ubiquitous Energy
Andersen Corp. announced a strategic investment in Ubiquitous Energy, a company in transparent photovoltaic technology that converts light into electricity using semiconductor materials while maintaining visible transparency.
Ubiquitous Energy's UE Power technology is a transparent photovoltaic glass coating that harnesses solar power to generate electricity, while remaining almost indistinguishable from traditional windows, according to a news release. The technology provides a clear, natural experience, 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. It is a complementary solar power asset that works within a portfolio of other renewable technologies for a larger, cumulative effect.
"Ubiquitous Energy's transparent photovoltaic technology is revolutionary and represents a new horizon for the fenestration industry," says Jay Lund, chairman and CEO, Andersen. "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."
With Andersen's investment, Ubiquitous Energy recently closed its Series B funding round from several strategic and financial investors, enabling the company to accelerate the manufacturing and commercialization of its UE Power technology.
"We are thrilled to bring on Andersen as a new funding partner," says Susan Stone, CEO, 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."