flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

Saint-Gobain to make $80 million investment in SAGE Electrochromics

Saint-Gobain to make $80 million investment in SAGE Electrochromics


November 11, 2010

FARIBAULT, Minn.--(BUSINESS WIRE)--Saint-Gobain, one of the world’s largest glass and construction material manufacturers, is making a strategic equity investment in SAGE Electrochromics to make electronically tintable “dynamic glass” an affordable, mass-market product, ushering in a new era of energy-saving buildings.

The announcement takes place one year after Saint-Gobain launched its consolidated advanced glazing division and its QUANTUM GLASS™ brand. The strategic partnership with SAGE further solidifies Saint-Gobain’s technological leadership in the glazing marketplace, where imaginative eco-friendly materials are opening up new possibilities for architecture and design.

Under terms of the agreement, Saint-Gobain will contribute its electrochromic glass intellectual property (IP) to SAGE, and all manufacturing and R&D efforts will be merged. SAGE will manufacture the next-generation dynamic glass for both companies’ product lines at its facilities in Faribault, Minn. The two companies currently have the most proven electrochromic products on the market, with more than 100 patents and 40 years combined R&D experience. Two senior members of Saint-Gobain’s management team – Jean-Pierre Floris and Francois-Xavier Moser – will join SAGE’s board of directors.

The funding will enable construction of the world’s largest and most advanced electrochromic glass manufacturing facility, to be located in Faribault, Minn. The project began this month and will cost around $135 million, excluding working capital. The new plant will manufacture much larger sheets of glass that have been previously unavailable in the market, opening up 95 percent of all global building opportunities. The glass will be produced in high volumes and at an affordable price point.

“This partnership marks the beginning of a new revolution in the glass industry for the habitat,” said Jean-Pierre Floris, Senior Vice-President, Director, Innovative Materials Sector at Saint-Gobain. “Thanks to the partnership between Saint-Gobain and SAGE, we now offer advanced electrochromic glazing which is both environmentally friendly and competitively priced. SAGE and Saint-Gobain, two companies who are responsible for some of the most prestigious buildings in the world, will now provide the most efficient electrochromic glazing on a global scale through the SAGE and QUANTUM GLASS certified distribution networks.”

SAGE has manufactured and installed SageGlass® in hundreds of buildings over the past five years including commercial, institutional and high-end residential applications. The high volume, low cost production of SageGlass will enable architects to create the world’s most iconic glass solutions - comfortable and aesthetically pleasing buildings that dramatically reduce energy consumption and greenhouse gas emissions.

“Until now, electrochromic glass has largely been an emerging product, not widely deployed due to cost and manufacturing logistics. This alliance will trigger economies of scale, making possible a new era of high-performance windows that are both eco-friendly and economically compelling,” said John Van Dine, SAGE Founder and CEO. “We are pleased to be partnering with such a globally prestigious company as Saint-Gobain. We are combining the best science and capabilities of the world’s two leading technologies to deliver a product with higher performance and quality than ever before, at one-half the cost of today’s electrochromic products. This alliance will dramatically accelerate global adoption of this game-changing technology in both commercial and residential markets.”

SAGE will remain an independent company and will market its SageGlass products in North America. Saint-Gobain will distribute the SageGlass technology under the QUANTUM GLASS brand in Europe. The two companies will work together to develop a marketing strategy for Asia and the rest of the world, leveraging Saint-Gobain’s vast global distribution partnerships. SAGE and Saint-Gobain will also look to forge partnerships with large strategic players to further accelerate the widespread deployment of electrochromic products. They will also work together to create efficiencies in the global distribution network that responsibly reduce carbon footprint.

The U.S. Department of Energy recently conditionally awarded SAGE more than $72 million in DOE loan guarantees. According to U.S. Energy Secretary Steven Chu, “SageGlass, which can be used in windows, skylights and curtain walls, allows natural light to come through while controlling unwanted solar heat and glare. This technology can help transform windows and skylights from energy liabilities to energy savers. In fact, Lawrence Berkeley National Lab, a DOE facility, believes that SageGlass has the potential to reduce building heating and air conditioning equipment size by up to 25 percent, which would cut construction costs. SageGlass could also reduce the overall cooling loads for commercial buildings up to 20 percent by lowering peak-power demand and may reduce lighting costs by up to 60 percent.”

Barclays Capital acted as financial advisor to SAGE in the transaction. Also participating in this investment round was TIAA CREF. Previous investors in SAGE include Good Energies, a leading global investor in the renewable energy and energy efficiency industries and NV Bekaert SA, a global technological leader in advanced metal transformation and advanced materials and coatings, and a market leader in drawn wire products and applications.

Details about new plant and electrochromic technology

SAGE broke ground on the new 300,000-square-foot manufacturing facility in late October 2010. The project is expected to create 160 additional full-time green manufacturing and technology jobs, and more than 200 construction jobs. The plant will be able to manufacture glass in sizes up to 5 feet by 10 feet (1.5 X 3.5 m2) with an initial annual production capacity of 4 million square feet. The companies intend to launch the first merged-technology electrochromic product with high-volume shipments beginning in mid-2012.

Electrochromic glass changes from a clear state to a tinted state. It can be integrated with a building management system or activated at the push of a button to control the sunlight and heat that enters and leaves a building. It significantly reduces energy consumed for air conditioning, heating and lighting, while enhancing occupant comfort and well-being by providing daylighting and eliminating glare. This creates a far more appealing design aesthetic standard for the architectural industry compared to the current prevalent use of mechanical window shades and blinds and other building add-ons.

About SAGE Electrochromics, Inc.

SAGE Electrochromics, founded in 1989, is the world leader in the development, manufacture and international commercialization of electronically tintable glass – branded SageGlass - for the building industry. For more information visit: www.sage-ec.com.

About Saint-Gobain in North America

Saint-Gobain Corporation, based in Valley Forge, Pennsylvania, is the holding company for Saint-Gobain’s U.S. and Canadian operations. The company has over 330 locations in North America, and approximately 19,000 employees. Saint-Gobain businesses in North America include CertainTeed, North America’s leading brand of exterior and interior building products, and Norton Abrasives, the largest global manufacturer and supplier of performance engineered abrasives. In the United States and Canada, Saint-Gobain reported sales of approximately $6.8 billion in 2009. For information about Saint-Gobain in North America, visit www.saint-gobain-northamerica.com.

About Saint-Gobain

Saint-Gobain, the world leader in the habitat and construction markets, designs, manufactures and distributes building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection. With 2009 sales of €37.8 billion, Saint-Gobain operates in 64 countries and has more than 190,000 employees. For more information about Saint-Gobain, please visit www.saint-gobain.com.

About QUANTUM GLASS

Created in 2009 as the new advanced glazing brand of Saint-Gobain, QUANTUM GLASS is unique in the marketplace in offering six fully integrated, energy-efficient glass technologies, a dedicated international network of certified sales and installation professionals and a guarantee of project security and customer service. QUANTUM GLASS’s mission is to facilitate the creation of cutting-edge architectural projects and products that excite emotion and push back the boundaries of modern living. www.quantumglass.com

Related Stories

Multifamily Housing | Feb 11, 2023

8 Gold and Platinum multifamily projects from the NAHB's BALA Awards

This year's top BALA multifamily winners showcase leading design trends, judged by eight industry professionals from across the country.

Multifamily Housing | Feb 10, 2023

Dallas to get a 19-story, 351-unit residential high-rise

In Dallas, work has begun on a new multifamily high-rise called The Oliver. The 19-story, 351-unit apartment building will be located within The Central, a 27-acre mixed-use development near the Knox/Henderson neighborhood north of downtown Dallas. 

Sustainability | Feb 9, 2023

New guide for planning, designing, and operating onsite water reuse systems

The Pacific Institute, a global nonpartisan water think tank, has released guidance for developers to plan, design, and operate onsite water reuse systems. The Guide for Developing Onsite Water Systems to Support Regional Water Resilience advances circular, localized approaches to managing water that reduce a site’s water footprint, improve its resilience to water shortage or other disruptions, and provide benefits for local communities and regional water systems.

Office Buildings | Feb 9, 2023

Post-Covid Manhattan office market rebound gaining momentum

Office workers in Manhattan continue to return to their workplaces in sufficient numbers for many of their employers to maintain or expand their footprint in the city, according to a survey of more than 140 major Manhattan office employers conducted in January by The Partnership for New York City.

Giants 400 | Feb 9, 2023

New Giants 400 download: Get the complete at-a-glance 2022 Giants 400 rankings in Excel

See how your architecture, engineering, or construction firm stacks up against the nation's AEC Giants. For more than 45 years, the editors of Building Design+Construction have surveyed the largest AEC firms in the U.S./Canada to create the annual Giants 400 report. This year, a record 519 firms participated in the Giants 400 report. The final report includes 137 rankings across 25 building sectors and specialty categories.   

University Buildings | Feb 8, 2023

STEM-focused Kettering University opens Stantec-designed Learning Commons

In Flint, Mich., Kettering University opened its new $63 million Learning Commons, designed by Stantec. The new facility will support collaboration, ideation, and digital technology for the STEM-focused higher learning institution.

Sustainability | Feb 8, 2023

A wind energy system—without the blades—can be placed on commercial building rooftops

Aeromine Technologies’ bladeless system captures and amplifies a building’s airflow like airfoils on a race car.

Codes and Standards | Feb 8, 2023

GSA releases draft of federal low embodied carbon material standards

The General Services Administration recently released a document that outlines standards for low embodied carbon materials and products to be used on federal construction projects.

University Buildings | Feb 7, 2023

Kansas City University's Center for Medical Education Innovation can adapt to changes in medical curriculum

The Center for Medical Education Innovation (CMEI) at Kansas City University was designed to adapt to changes in medical curriculum and pedagogy. The project program supported the mission of training leaders in osteopathic medicine with a state-of-the-art facility that leverages active-learning and simulation-based training.

Multifamily Housing | Feb 7, 2023

Multifamily housing rents flat in January, developers remain optimistic

Multifamily rents were flat in January 2023 as a strong jobs report indicated that fears of a significant economic recession may be overblown. U.S. asking rents averaged $1,701, unchanged from the prior month, according to the latest Yardi Matrix National Multifamily Report.

boombox1
boombox2
native1

More In Category

Healthcare Facilities

Watch on-demand: Key Trends in the Healthcare Facilities Market for 2024-2025

Join the Building Design+Construction editorial team for this on-demand webinar on key trends, innovations, and opportunities in the $65 billion U.S. healthcare buildings market. A panel of healthcare design and construction experts present their latest projects, trends, innovations, opportunities, and data/research on key healthcare facilities sub-sectors. A 2024-2025 U.S. healthcare facilities market outlook is also presented.




halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021