Michigan Selected to be Site of New DOW™ POWERHOUSE™ Solar Shingle Facility
Manufacturing Operations for Groundbreaking New Technology Expected to Create More Than 1,200 Jobs, Bring Affordable Renewable Energy to Consumers
Midland, MI - The Dow Chemical Company (NYSE: DOW) today announced that Midland, Michigan has been identified as the preferred site for the first full-scale production facility for its revolutionary DOW™ POWERHOUSE™ Solar Shingle, subject to finalizing local, state and federal funding. In her State of the State address earlier tonight, Michigan Governor Jennifer Granholm spoke of the site selection, which could bring more than 1,200 jobs to the region by 2014.
“Dow welcomes the opportunity to work with the City of Midland, the State of Michigan and Governor Granholm to secure support for renewable energy technologies, like the DOW™ POWERHOUSE™ Solar Shingle,” said Andrew N. Liveris, Dow Chairman and CEO. “Collaboration between government and business is essential to overcoming the challenges facing our society today, including energy, climate change and the creation of sustainable jobs. As the leader in applied chemistry, Dow is well positioned to address the technical challenges of bringing affordable, renewable energy solutions to the market and to be a leader in ushering America into the new clean-energy future.”
The Michigan Economic Development Corporation (MEDC) is currently considering up to $140 million in economic incentives for the plant, which would produce the innovative photovoltaic solar panels in the form of solar shingles that can be integrated into rooftops with standard asphalt shingle materials. Local, state and federal funding will help Dow Solar Solutions to accelerate production plans for the solar shingles already being manufactured in a small-scale market development plant at Dow’s Michigan Operations in Midland.
If received, the MEDC economic package will add to the $100 million in investments Dow has already made in the development of solar solutions since the program’s inception in 2007 when Dow was awarded a $20 million Solar America Initiative Pathways Program grant by the U.S. Department of Energy.
“At Dow, innovation is about our ability to apply materials science to address a challenge like the need for affordable, renewable energy sources,” said Jane Palmieri, General Manager of Dow Solar Solutions. “Being able to work with the State of Michigan and other funding sources to accelerate the commercialization of groundbreaking technologies like DOW™ POWERHOUSE™ Solar Shingle allows consumers and the marketplace to have quicker access to energy saving technologies, which is a win for everyone.”
The expected growth of more than 1,200 jobs to support the increased solar shingle production will be in the manufacturing, commercial and technical areas, with staffing anticipated to begin in late 2010. DOW™ POWERHOUSE™ Solar Shingles are expected to be available in limited amounts by mid-2010 and projected to be more widely available in 2011 as production scale up begins, putting the power of solar electricity generation directly and conveniently in the hands of homeowners.
The DOW™ POWERHOUSE™ Solar Shingle was unveiled October 5, 2009, as the first in a portfolio of building related solar energy generating products. Since its introduction, the shingle has been hailed as revolutionary, including being named one of the “50 Best Inventions of 2009” by TIME magazine.
The DOW™ POWERHOUSE™ Solar Shingle 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 conventional roofing shingles and solar generating shingles are installed simultaneously by roofing contractors - no specialized skills or knowledge of solar array installations are required.
Additionally, Dow and the California Institute of Technology (Caltech) recently announced the signing of a multi-year research collaboration that is strategic to both organizations’ interests in solar energy. The arrangement is aimed at developing the next generation of ultra low cost, high efficiency photovoltaic materials and will accelerate the speed to market for these next generation materials. Based on earth abundant elements, these new PV materials should further reduce the cost of Dow’s building integrated photovoltaic line, including the DOW™ POWERHOUSE™ Solar Shingle.
To learn more about the DOW™ POWERHOUSE™ Solar Shingle visit www.dowsolar.com .
Dow combines the power of science and technology with the “Human Element” to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world’s most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow’s diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses deliver a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2009, Dow had annual sales of $45 billion and employed approximately 52,000 people worldwide. The Company’s more than 5,000 products are manufactured at 214 sites in 37 countries across the globe. References to “Dow” or the “Company” mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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