As much as I hate to admit it, I think Katana is right- there...

As much as I hate to admit it, I think Katana is right- there hasn't been any noise on CPV's PR front to indicate that it is an upcoming project or that they have made any sales, however, I may be wrong as their contract with the park in Sydney came suddenly without warning. I just hope they're targeting the domestic market as much as the international ones.

Regarding the NYSERDA Empire Building Challenge, I know there's a lot of noise going around so here's a brief summary of what we know so far:

Rules of play

• There is a total of 10 real-estate groups competing (see link or @GC Investor's previous research)
• Each competitor will be retrofitting a building with the aim of making it carbon neutral
• To support development, NYSERDA will provide up to $5m to competitors, however it will be competitively evaluated with only $27m available
• The evaluations will be based on scalability, feasibility AND the building owner's willingness and ability to implement their solutions across their portfolio
• The winner of the competition will receive $50m- this will go directly to the real-estate group (not the tech provider)
• The aim of the competition is for the winner (and competitors) to exchange pointers and utilise the technology that worked best to retrofit their portfolios.

Where CPV fits in

• According to VR, CPV had been approached by a competitor to contribute to their building (my bet is the Empire State Realty Trust)
• They are one of five window providers who are in the competition

The outlook

• Regardless of who wins, CPV will be gaining exposure to an incredible audience however they will need to be a stand-out to generate contracts and sales.
• As far as the narrative goes, they have been pragmatic and executed their timeline well. They developed a double-glaze product specifically for this market and in time for the competition, and have partnered with Graboyes to service contracts in the upper tri-state area (New York).

Important to note

• Only the competitors are known, not the tech that they are using. Given that this is a competition and $50m is on the line, it makes sense why no announcement has been made. This may also explain why all links to NYSERDA's website and the competition are down.
• So far, Rudin, Empire State Realty Trust and Rudin Management have all committed to retrofitting their entire real-estate portfolio. If CPV is part of this picture, it will be big.

Sources:

https://www.silversteinproperties.com/commercial-real-estate-media/News/governor-cuomo-announces-10-empire-building-challenge
https://www.internationalcleantechnetwork.com/empire-building-challenge