NovoSolTech

We have signed MOU with two companies for development of our product in AI and production stage. We use this prize for development stage of our product.

NovoSolTech Inc. is a prospective Iranian-Canadian company specializing in solar power technology with a primary focus on building solar thermal window applications. The company will be led by a team of solar power technology specialists and engineers, having over 20 years of combined experience in construction, technology startups, and solar technology engineering. With expertise and partnerships to bridge Iranian and Canadian markets, NovoSolTech Inc. will be able to take advantage of its existing business and manufacturing infrastructure in Iran to facilitate expansion into the Canadian marketplace while establishing a Canadian base of operations.

In fact, the International Energy Agency (IEA) forecasts that by 2050, solar electricity could account for 27% of the world’s electricity mix, making it the world’s largest future source of electricity. In Canada, more than 99% of solar power is generated in Ontario, which itself ranks in the top 20 solar electricity markets in the world[1].

NovoSolTech has developed solar power technology for an application in solar thermal windows that simultaneously generate thermal energy and electricity, and improve building performance, which together combine to benefit consumers by reducing energy demand in homes and businesses, in Canada with a cold climate.

[1] https://www.cansia.ca/uploads/7/2/5/1/72513707/cansia_roadmap_2020_final.pdf

NovoSolTech has developed solar power technology for an application in solar thermal windows that simultaneously generate thermal energy and electricity, and improve building performance, which together combine to benefit consumers by reducing energy demand in homes and businesses, in Canada with a cold climate. According to internal research, an average Canadian’s heating demand in cooler months would be reduced by up to 96% with such a system, whereas the cooling demand in warmer months would be reduced by 63% when this system is used on a 9m2-unit. For an average consumer, the combined energy benefit from the installation of this unit will exceed its cost before the fourth year of ownershipThe company’s current goal is to pursue business development opportunities in the Canadian marketplace and to open a base of operations in Canada because this system can reach a high level of technical efficiency in a cold climate. Internal market research indicates that NovoSolTech’s technology will be highly competitive in Canada due to the fact that 80% of Canada’s non-medical commercial buildings were built before 2009, are known to have unacceptably high energy requirements and the majority of which have not yet undergone retrofit.

NovoSolTech Attachable Solar Thermal Window can work as a mask to protect buildings’ indoor space from pathogenic microbes through increasing temperature and balancing relative humidity in winter, and using a filter when heated air comes back to the indoor. Besides all potential markets that this product can have in Canada, this new generation of building window can be used in hospitals, offices, and schools to decrease significantly the Risk of Transmission of Airborne Pathogens, particularly in this condition COVID19, besides of generating heated air and electricity, and improving air quality of indoors. Our core message in COVID-19 condition is "Facade Mask VS Face Mask". We need a Mask (our product) to regulate indoor space where we spend 90% of our life.

On the other hand, in large scale point of view, in Canada, implementation of optimal distributed technologies   is   essential   to   ensure   long-term, affordable power for its citizens, and to drive growth and economic prosperity within Canada’s remote yet resource-rich regions. As  a  result ,  distributed  power  technologies   are   becoming   more   compact ,   more   accessible,   efficient ,  and   affordable  today than they were just a decade ago. Additional benefits include reduced risks for  project  financing,  more  rapid  construction  and  deployment ,  a  greater  operational  flexibility  in  working  alone  or  in  tandem  with  other  systems,  greater  reliability,  and  the  ability  to  customize  distributed  power  solutions to meet specific local needs. This solar thermal window as an innovative product can be known as a localized source of power generation to be independent partially from power grid and decrease the size HVAC system. This product is more energy-efficient, as point-of-use utilization minimizes waste from transmission losses, and allows for both electricity and thermal energy to be employed in combined heat and power (CHP) or district heating applications. The   International   Energy   Agency   has estimated that these cost savings, combined with reduced transmission line losses, translate into tens  of  billions  of  dollars  for  Canada  alone