HALIO secures $70m from SKC for advancing smart glass technology
HALIO, known for designing the world’s fastest and most advanced electrochromic glass, has announced a significant funding of up to $70 million from SKC Ltd., a South Korean leader in the ESG Materials Solution industry. This investment will further HALIO’s development and market reach for the next generation of smart glass technology, emphasizing energy savings, environmental impact, and creating occupant-friendly building facades.
SKC’s Commitment to Expanding ESG Strategy
SKC’s Vice President, Junghwan Shin, highlighted the investment’s alignment with the company’s ESG strategy. Shin emphasized his belief in HALIO’s cutting-edge technology and its potential to make a substantial impact on global energy savings and environmental preservation.
HALIO raises $70m for next-gen smart glass, aiming for global energy savings
Leadership Transition at HALIO with New CEO Appointment
HALIO also announced the appointment of Doug Schendt as the new CEO, succeeding Bruce Sohn, who led the company to this milestone. Schendt, previously leading HALIO’s Asia operations, expressed enthusiasm for guiding the company into its next growth phase and building on Sohn’s legacy.
HALIO’s Smart Glass: Balancing Design and Functionality
HALIO Smart Glass is acclaimed for enabling architects to create aesthetically pleasing facades while offering building occupants a comfortable and healthy environment. Its innovative technology, including the Sky Camera and tint algorithms, delivers the fastest switching speed in the industry, optimizing daylight control and solar heat gain management in real-time.
Impact on Energy Efficiency and Market Expansion
HALIO’s smart glass technology significantly reduces operational energy use in buildings and is crucial for balancing power grids. With increasing global focus on energy-efficient buildings, HALIO’s technology is well-positioned to meet new regulatory standards and benefit from incentives like the U.S. Investment Tax Credit. The new capital will accelerate HALIO’s innovation and expansion into key markets, including Asia, Europe, and the Middle East.