New Energy Technologies Capturing Energy to Build Share Value
As the “green revolution” continues to gain traction, future valuations for companies such as New Energy Technologies, Inc. (OTCQB:NENE) could escalate dramatically. New Energy Technologies, a developer of innovative alternative and renewable energy technologies is sharing space with peers such as First Solar, Inc. (NASDAQ:FSLR) and SunPower Corp. (NASDAQ:SPWR), is reaching advanced stages in development of two, “one-of-a-kind” technologies that can set the industry on its side.
Motion Power Energy Harvester
New Energy’s Motion Power™-Express technology generates electricity from the motion of vehicles and carries with it countless potential uses. A series of small, rumble strip-like treadles, the Motion Power system harvests kinetic (or “rolling”) energy from vehicles as they slow before coming to a stop. This captured kinetic energy is then converted to electricity. New Energy is developing both “Light” (for cars and light trucks) and “Heavy” (heavy trucks, rigs, buses, etc.) versions of its Motion Power™ Systems.
The system was showcased in October 2011 at the Civic Center in Roanoke, Virginia through a six-hour demonstration in front of thousands of viewers. Over 580 vehicles participated by driving across the Motion Power™-Express System with the captured energy being used to illuminate lighted displays to the drivers. Even with this smaller-scale demonstration, enough sustainable electricity was generated to power an average home or a 150 square foot sports venue electronic billboard for an entire day, according to engineers’ estimates.
As New Energy continues to work towards commercialization, the number of possible uses for this unique product is mind-boggling. The debut demonstration only used less than 700 of the more than 250 million cars that are on the streets in the United States today for six hours; opening the door to the enormous potential for a fully scalable model. Sports venues (or venues of any fashion for that matter), toll booths, construction zones, drive-thru restaurants, truck stops, parking garages and rest areas are just a few of the possible locations to generate clean, sustainable energy to cut costs and reduce dependence on fossil fuels that account for roughly 70 percent of all electricity generated today.
Solar Window™ Provides a Clear View to the Future
Almost everyone knows what typical rooftop solar photovoltaic (PV) panel systems are. Those systems are continuously seeing more use and serve a great purpose for creating electricity from the sun’s light, but they have several limitations. Primarily, the panels must be installed at an angle and direction towards the sun. These systems only work with sunlight and require a lot of rooftop area to generate substantial amounts of electrical energy.
New Energy Technologies has taken the limitations of solar PV systems to the next level. The company is developing six different product lines of its first-in-class SolarWindow™ technology, which enables see-through windows to generate electricity by spraying the glass surfaces with a revolutionary electricity-generating coating. New Energy is developing these products through an exclusive world-wide licensing agreement with the University of South Florida (USF) together with a Cooperative Research and Development Agreement with the U.S. Department of Energy—National Renewable Energy Laboratory (NREL).
These solar windows use a far thinner coating (1/1000th the thickness of human hair) than any other solar technology in the world; allowing for the windows to remain see-through. Moreover, electricity is generated from both natural and artificial light, making the windows far more versatile. From a production standpoint, the spray-on coating (applied at room temperature) eliminates the great expenses involved with high-temperature or high-vacuum production methods typically required in manufacturing conventional solar PV and thin-film systems.
In a recent public display of its working prototype, the technology produced sufficient voltage to power lights and generated enough current to operate a mechanical device at an event attended by mainstream media, scientists, academics, industry participants, and investors. During the demonstration, the SolarWindow™ generated electrical power from exposure to sunlight and also artificial light (a fluorescent light was used).
There are more than 5 million commercial buildings in the U.S. and more than 80 million single detached homes. Much like the Motion Power technology, the market potential is virtually endless for New Energy Technologies. Aiming to protect their intellectual property, New Energy has more than 40 patent submissions to date for the SolarWindow™ and Motion Power™ technologies.
The Future is Now
The idea of perpetual energy may not be a possibility as a sheer consequence of physics, but the technologies of New Energy Technologies may be the next best thing. For investors, the company is well-aligned with a tight share structure of only 20.6 million shares outstanding. Insiders hold more than 40 percent of those shares, leaving roughly 12 million freely tradable shares available. Many developmental firms decimate their capital structure building-out their technologies, but such is not the case with New Energy Technologies as they head towards commercialization. Weighing-in with a paltry $25 million market cap, the upside for this cutting-edge company is large, to say the least.
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