The agreement with Alutec, signed by Suraj Thampi, Alutec’s Chief Executive Officer (CEO), and Martin Deil, ClearVue Technologies’ global CEO, marks ClearVue’s expansion into one of the world’s fastest-growing construction markets, where demand for sustainable solutions and building integrated photovoltaics (BIPV) is growing rapidly.
Under this five-year agreement, Alutec will manufacture and distribute ClearVuePV Solar Vision Glass, a product that integrates solar technology into building façades to enhance energy efficiency and sustainability in key markets. This innovative technology is set to revolutionize the construction industry by offering significant environmental benefits and supporting various governments’ ambitious sustainability targets. In addition, Alutec will also have the rights to distribute the ClearVue solar building envelope solutions.
“We are thrilled to announce our entry into the large and growing construction sector in the Middle East and India with Alutec, the largest facade engineering company in the Middle East” said Martin Deil, Global CEO of ClearVue. “This agreement aligns with our growth strategy to partner with key manufacturers in strategic target markets. For the Middle East, Alutec is a prominent and well-respected leader in design, engineering, manufacturing, and installation for building envelopes.”
The combined construction sector in Saudi Arabia, UAE and Qatar is growing at 4.75-9.13 percent CAGR, projected to reach $240 billion by 2029. India’s construction sector, already valued at $825.6 billion in 2023 and growing rapidly.
ClearVue offers high-energy clear solar vision glass which is easily integrated into window manufacturing lines, helping building owners reduce carbon emissions while improving energy efficiency.
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