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“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’s 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.”
The Michigan Economic Development Corp. (MEDC) is currently considering up to $140 million in economic incentives for the plant, which would produce the 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 the 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 1200 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. The 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.
In addition, 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.
For more information, visit www.dow.com.