Halio, a cutting-edge smart glass company based in Hayward, California, has raised $70 million in a funding round led by SKC, a prominent player in the ESG Materials Solution industry in South Korea. The fresh investment will advance smart glass technology, emphasizing energy efficiency, environmental sustainability, and architecturally pleasing facades.
“This investment is expected to expand our ESG strategy further. We strongly believe that HALIO has the most advanced smart glass technology that will significantly impact global energy savings and our environment,” said SKC’s Vice President, Junghwan Shin.
In tandem with the funding announcement, Halio has appointed Doug Schendt as its new CEO, succeeding Bruce Sohn, who has led the company since 2020. After steering Halio through significant milestones, Sohn is retiring, leaving the reins to Schendt, who brings fresh perspectives to propel the company into its next growth phase.
“I’m thrilled to take on this new role and lead HALIO into its next growth phase. Having previously led our Asia operations, I’m excited to head HALIO now globally. Bruce’s vision and leadership have positioned us well, and I look forward to building on that strong foundation,” said Schendt.
Unraveling Halio’s Innovation
Halio’s forte lies in its advanced electrochromic smart glass technology, offering unparalleled control over daylight, optimizing energy savings by curbing solar heat gain and minimizing glare. The company’s Smart Glass empowers architects to craft elegant facades that align with building owners’ aspirations to provide occupants with comfortable and healthy interior environments.
Halio’s Smart Glass stands out for its real-time optimization capabilities, facilitated by the Sky Camera, tint algorithms, and control automation. With industry-leading switching speed measured in seconds, Halio is a unique smart glass solution that effectively manages daylight control and solar heat gain.
One of Halio’s notable achievements is reducing a building’s operational energy use by up to 22 percent, coupled with a 25 percent decrease in peak demand. These figures, validated by Red Car Analytics in November 2019, are crucial in balancing stressed power grids.
As global regulations increasingly target buildings as significant energy consumers, Halio Smart Glass emerges as a pivotal solution to meet efficiency standards. Incentives like the U.S. Investment Tax Credit encourage building owners to adopt energy-saving solutions.
Global Availability and Partnerships
Halio’s Smart Glass is not just a technological marvel but also easily accessible. Windows and skylights powered by Halio are available directly from the company and its third-party fabricators, including renowned names like Viracon and Glassbel. These offerings come with various glass coatings and configurations, providing architects and builders with versatile options for diverse project requirements.
As Halio secures substantial funding from SKC, the company plans to make significant strides in smart glass technology. With a new CEO at the helm and a commitment to energy efficiency, environmental impact, and occupant well-being, Halio’s innovative solutions are set to redefine the future of architectural design.
“This new capital enables us to accelerate innovation in our smart glass technology and expand our reach in key markets like Asia, Europe, and the Middle East. This is a fascinating time for HALIO. I’m proud of what we’ve accomplished and am confident that with Doug as CEO, the company is in great hands to continue our mission and bring our products to customers globally,” said outgoing CEO Bruce Sohn.
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