Miru Smart Technologies is a Foresight 50 2023 Honouree
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The greatest carbon-saving invention in construction in the last 40 years is low emissivity (“low-E”) windows. More than 85 per cent of windows sold today contain a low-E coating that reflects heat out in the summer and retains heat in the winter to increase building efficiencies by 20 per cent. These savings are significant given that building operations account for 27 per cent of global CO2 emissions — more than all vehicle and airplane emissions combined. Miru’s electrochromic windows (“eWindows”) are the next greatest carbon-saving invention.
Miru eWindows dynamically tint at the push of a button, blocking out heat and glare when tinted and allowing natural light and warmth in when clear. Miru eWindows increase building energy efficiencies by an additional 20 per cent by electronically tinting windows in response to the seasons, weather, and time of day. Miru is disrupting how electrochromic windows are produced and distributed with a patented process that lowers costs, improves performance, and significantly reduces embedded carbon emissions, enhancing the well-being of people and our planet.
Why our venture should be considered one of Canada’s 50 most investable cleantech companies:
Miru electrochromic windows can reduce building energy use by 20 per cent and significantly lessen the carbon footprint of buildings. Miru is disrupting how electrochromic windows are produced and distributed, with a patented process that lowers costs, improves performance and significantly reduces embedded carbon emissions. Net zero carbon targets and building codes that target improved energy performance necessitate the need for improvements in the energy efficiency of windows. Dynamic windows improve energy efficiency dramatically, but the only options on the market are expensive and limited in supply.
Miru is scaling eWindows faster than anyone has ever done before by using a manufacturing process and licensing model that aligns with the existing windows industry. Miru’s patented process offers the following advantages over its competitors: lower eWindow production costs, true neutral colour demanded by building and vehicle designers, a modular capital efficient fabrication process that fits into existing glass plants, 85 per cent lower carbon intensity during manufacturing leads to a CO2 payback period that is <2 years. The eWindow market is expected to exceed $20B by 2031, and Miru is moving quickly to capture this growing market. Miru has LOIs from building developers for >5 million ft2 of eWindows and is starting to build the first Miru plant in 2024.