Building Integrated Photovoltaic Roofing Shingle Expected to Bring Affordable Renewable Energy to Consumers
10:00 am EDT, Monday October 5, 2009
MIDLAND, Mich., Oct. 5 /PRNewswire-FirstCall/ — The Dow Chemical Company (DOW) today unveiled its line of DOW(TM) POWERHOUSE(TM) Solar Shingle, revolutionary photovoltaic solar panels in the form of solar shingles that can be integrated into rooftops with standard asphalt shingle materials. The solar shingle systems are expected to be available in limited quantities by mid-2010 and projected to be more widely available in 2011, putting the power of solar electricity generation directly and conveniently in the hands of homeowners.
Groundbreaking technology from Dow Solar Solutions (DSS) integrates low-cost, thin-film CIGS photovoltaic cells into a proprietary roofing shingle design, which represents a multi-functional solar energy generating roofing product. The innovative product design reduces installation costs because the conventional roofing shingles and solar generating shingles are installed simultaneously by roofing contractors. DSS expects an enthusiastic response from roofing contractors since no specialized skills or knowledge of solar array installations are required.
“This is just one example of how Dow’s $1.5 billion annual R&D investment is allowing us to deliver practical solutions for some of the world’s most critical challenges,” said Dow Chairman and CEO Andrew N. Liveris. “These types of innovative products not only showcase our deep scientific and technical expertise but also demonstrate how our commitment to R&D is fueling Dow’s future growth agenda around the world.”
DOW(TM) POWERHOUSE(TM) Solar Shingle arrays are being showcased today at an event at Dow’s Michigan Operations in the Company’s headquarters city of Midland, Michigan.
“Making Michigan a leader in manufacturing green energy products continues to be a key part of our economic plan to grow the economy and create jobs,” said Michigan Governor Jennifer M. Granholm. “Dow’s solar shingles are another example of local research and development helping grow our green economy, and I applaud Dow’s ongoing commitment to developing green energy solutions right here in Michigan.”
Jane Palmieri, Managing Director of Dow Solar Solutions, noted that Dow’s technology addresses two of the biggest challenges associated with solar power — cost and acceptance. “Consumers reap the benefits of our innovation. This is about providing roof protection and electricity generation all from one product, with lower costs, improved aesthetics, easier installation and long-lasting performance,” she said.
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Where’s the next boom? Maybe in `cleantech’
Energy breakthroughs could be the next big thing, but how many jobs can they generate?
By Jordan Robertson, AP Technology Writer
9:33 pm EDT, Tuesday October 6, 2009
SAN FRANCISCO (AP) — Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that emerges every so often and builds industries, generates jobs and mints fortunes.
Silicon Valley investors are pointing to something called cleantech — alternative energy, more efficient power distribution and new ways to store electricity, all with minimal impact to the environment — as a candidate for the next boom.
And while no two booms are exactly alike, some hallmarks are already showing up.
Despite last fall’s financial meltdown, public and private investments are pouring in, fueling startups and reinvigorating established companies. The political and social climates are favorable. If it takes off, cleantech could seep into every part of the economy and our lives.
Some of the biggest booms first blossomed during recessions. The telephone and phonograph were developed during the depression of the 1870s. The integrated circuit, a milestone in electronics, was invented in the recessionary year of 1958. Personal computers went mainstream, spawning a huge industry, in the slumping early 1980s.
A year into the Great Recession, innovation isn’t slowing. This time, it’s better batteries, more efficient solar cells, smarter appliances and electric cars, not to mention all the infrastructure needed to support the new ways energy will be generated and the new ways we’ll be using it.
Yet for all the benefits that might be spawned by cleantech breakthroughs, no one knows how many jobs might be created — or how many old jobs might be cannibalized. It also remains to be seen whether Americans will clamor for any of its products.
Still, big bets are being placed. The Obama administration is pledging to invest $150 billion over the next decade on energy technology and says that could create 5 million jobs. This recession has wiped out 7.2 million.
And cleantech is on track to be the dominant force in venture capital investments over the next few years, supplanting biotechnology and software. Venture capitalists have poured $8.7 billion into energy-related startups in the U.S. since 2006.
That pales in comparison with the dot-com boom, when venture cash sometimes topped $10 billion in a single quarter. But the momentum surrounding clean energy is reminiscent of the Internet’s early days. Among the similarities: Although big projects are still dominated by large companies, the scale of the challenges requires innovation by smaller firms that hope to be tomorrow’s giants.
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