September 23, 2010

Booming photovoltaics

The green blog has been noticing constant new chemical introductions focusing on the photovoltaics market and today, DuPont confirmed in a webcast the profitability of this sector to their electronics and communications business.

DuPont said it expects this year to achieve $1 billion in revenue from sales into the photovoltaic (PV) market — one year ahead of schedule, driven by new market-driven innovations that improve solar module efficiency and performance, bringing costs down in line with other forms of energy. The company expects to exceed $2bn in sales by 2014.
"Several notable new product launches this year have helped us to accelerate growth above market. We also are investing in greater production capability and partnering with our customers to help keep pace with the fast-rising global demand,” said Dave Miller, president of DuPont Electronics and Communication.
Post a Comment