We are currently seeking investment in Solgami, from both public and private institutions, governments and corporations.
Our research completed with the University of Sydney indicates that every sqm of Solgami ALS abates up to 0.13kw/h of load on a HVAC system. This can be a saving of over 400kw/h per year, per sqm of installed Solgami ALS. This indicates not only a significant reduction in operational carbon of our built environment, but also a significant cost saving in regard to electricity expenditure.
Payback of Solgami in these cases can occur in 2 or 3 years, dependent on pricing of consumed electricity. Beyond this, cost savings to the end user will occur.
Notes on the wider context of Solgami are below:
The International Energy Agency's most recent data indicates that in addition to electrification of the built environment, we are required to improve the energy efficiency of existing buildings, at a rate of 2.5% per year, globally, to maintain alignment with Net Zero Emissions (NZE) 2050 goal. Currently we are only seeing an upgrade of buildings through renovations at a rate of 1% per year.
In 2022, the measure of built floor area globally stood at 250 billion square metres. The reliance of this existing floor area on heating and cooling has resulted in carbon emissions arising from the heating and cooling of buildings to surpass all emissions caused by the transport industry, and to rival that of agriculture.
Solgami is a solution to vastly improve the efficiency and decarbonisation of these existing buildings.
The need to improve the energy efficiency of buildings in the near future has been recognised and is being acted upon by policymakers:
In Europe alone, 220 million, or 75% of existing buildings, are considered energy inefficient.
The European Union adopted a new revision of the Energy Performance of Buildings Directive (EPBD) in 2023 (pending trilogue approval) that stipulates higher Minimum Energy Performance Standards for existing buildings, timelines to achieve them, and earlier deadlines for buildings to become zero-emissions: for all new public buildings from 2026, and for all new buildings from 2028.
In China, the Ministry of Housing and Urban-Rural Development implemented the General Code for Building Energy Efficiency and Renewable Energy Utilization in April 2022, requiring all new, expanded, or renovated buildings to be designed for energy efficiency.
Japan revised buildings regulations in 2022 to require zero-energy performance for all new buildings by 2030, and for all existing buildings by 2050.
More than 110 countries lacked mandatory building energy codes or standards in 2022, meaning that over 2.4 billion square meters of floor space were built without meeting any energy-related performance requirements. To be in step with the Net Zero Emissions by 2050 Scenario, all countries need to establish zero-carbon-ready building energy codes for residential and non-residential buildings by 2030 at the latest. Being in step also requires 20% of existing building floor area to be renovated to this level by 2030.
- The International Energy Agency (IEA)