Accelerates Innovation to Meet Fast-Growing Solar Market
GENEVA, Feb. 1, 2010 - To address the needs for the fast-growing photovoltaic market, DuPont opened the Meyrin Photovoltaic Application Laboratory at its European Technical Center - adding new capabilities to this leading R&D hub by developing next-generation products.
Over 50 representatives from the photovoltaic industry joined government leaders and DuPont Chair and CEO Ellen Kullman and Ian Hudson, president - DuPont Europe, Middle East and Africa, for the facility's opening.
"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 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."
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.
A new innovative building-integrated photovoltaic (BIPV) panel system that replaces tile or slate roofs is an example of open innovation. This new innovation was developed at the lab in collaboration with DuPont Building Innovations, DuPont Performance Polymers and industry partners. It significantly improves the ease and speed of installation, offers high-energy efficiency, exceptional water tightness and superior aesthetics to the building. The system was initially developed for the French market where it will be commercialized in the first quarter of 2010. In a second phase, the product will be commercialized in other Southern European markets.
DuPont materials have been at the forefront of photovoltaic innovation for more than 25 years, setting standards around the worldthrough 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 will 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 Solamet® photovoltaic metallizations, DuPont PV5300 encapsulant sheets and DuPont Tedlar® polyvinyl fluoride (PVF) films.
"At DuPont, responding to the sustainability challenges often involves looking at where different science and capabilities intersect," Hudson said. "The new Meyrin Photovoltaic Application Lab will allow us to collaborate more closely with our customers in the photovoltaic industry, to provide local technical support and to develop the next generation of products for the global photovoltaic market."
DuPont Photovoltaic Solutions represents the broadest portfolio in the solar energy industry, with more than 10 products critical to photovoltaic production. DuPont materials and technology solutions are designed to work together to help increase the efficiency and lifetime of crystalline silicon and thin film photovoltaic solar modules, while reducing total systems cost and enabling the photovoltaic industry to reach grid parity faster. For more information on DuPont Photovoltaic Solutions, please visit http://photovoltaics.dupont.com.
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.
Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. The company does not undertake to update any forward-looking statements as a result of future developments or new information. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.