Global Arab Network | Renewable energy - The fastest growing sector for the next 20 years

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Renewable energy - The fastest growing sector for the next 20 years

Sunday, 07 February 2010 12:53

DuPont has opened the Meyrin Photovoltaic Application Laboratory at its European Technical Center to address the needs of the fast-growing photovoltaic market, - adding new capabilities to this leading R&D hub by developing next-generation products. The Meyrin Photovoltaic Application Lab will operate as an open center, enabling technological exchanges and research collaborations between DuPont and customers, industrial partners, institutes and academia. The lab is designed to advance state-of-the-art solar module design, accelerate time to market in photovoltaic innovation and deliver cost-effective, high-performance solutions for the photovoltaic industry.

"Addressing energy needs is a global concern. The generation and storage of renewable energy will be the fastest growing sector in the energy market for the next 20 years," said DuPont Chair and CEO Ellen Kullman. "We can apply the power of our market-driven science to offer products and technologies that can transform the sun's potential into clean energy, contributing to decreasing dependence on fossil fuels."

DuPont materials have been at the forefront of photovoltaic innovation for more than 25 years, setting standards around the world through materials that provide unmatched quality and reliability to photovoltaic modules. DuPont anticipates that the photovoltaic market will grow by about 30 percent in 2010 and will continue to grow rapidly over the next three years.

DuPont sales exceeded $500 million in 2009, and the company expects overall sales of its family of products into the photovoltaic industry to exceed $1 billion by 2012. DuPont has recently made significant investments in product development and capacity expansions for leading brands critical to solar cell and module manufacturing, including DuPont^TM Solamet® photovoltaic metallizations, DuPont^TM PV5300 encapsulant sheets and DuPont^TM Tedlar® polyvinyl fluoride (PVF) films.

DuPont - one of the first companies to publicly establish environmental goals 20 years ago - has broadened its sustainability commitments beyond internal footprint reduction to include market-driven targets for both revenue and research and development investment. The goals are tied directly to business growth, specifically to the development of safer and environmentally improved new products for key global markets. DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

Global Arab Network

Extracted from "Corporate release"

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