Dow Chemical Gets Photovoltaic Film Patents - Analyst Blog
April 07 2014 - 3:10PM
Zacks
Dow Chemical
(DOW) has secured device patents from the U.S. and European Union
(EU) for photovoltaic encapsulant films used in solar panels. These
patents cover electronic devices having polyolefin encapsulant
films with specific commercially significant physical, mechanical
and compositional properties.
In addition to U.S. and EU
patents, Dow earlier received similar patents in China and
Philippines with additional patents pending in a number of
countries.
Dow’s ENLIGHT polyolefin
encapsulant films have been designed for use in photovoltaic solar
panels. Photovoltaics is the conversion of sunlight into
electricity.
Dow offers several commercial
grades of ENLIGHT films that helps customers meet their specific
needs. These films offers better module stability and increased
electrical performance vis-à-vis conventional encapsulants such as
ethylene-vinyl acetate (EVA)-based materials.
Unlike traditional films, ENLIGHT
increases long-term efficiency of photovoltaic panels, helps
improve service life, retains module reliability and allows the
industry to rein in overall system costs. Modules made with ENLIGHT
have shown to maintain efficiency levels even after more than
10,000 hours of damp heat exposure compared with 2,000 hours for
EVA-based materials. The ENLIGHT films enable panel manufacturers
to potentially increase yield and capacity by reducing production
time by up to 30%.
Dow continues to develop
technologies that exploit the power of the sun and helps in
converting solar energy into an efficient source of electricity. In
addition to ENLIGHT, the company’s other notable offering includes
the DOW POWERHOUSE solar shingle roof system.
Dow is benefiting from strong
fundamentals in the agriculture and food markets, and is leveraging
its North American feedstock advantage. A string of innovative
products in its pipeline adds to its strength.
Moreover, Dow remains committed
to its cost reduction and efficiency programs while reducing debt,
improving cash flows and maximizing shareholder returns. The
company also continues to invest in attractive regions through
highly-accretive projects.
Dow is a Zacks Rank #2 (Buy)
stock.
Other companies in the chemical
industry with favorable Zacks Rank include Methanex
Corporation (MEOH), LyondellBasell Industries
NV (LYB) and Olin Corp. (OLN). While
Methanex retains a Zacks Rank #1 (Strong Buy),
both LyondellBasell and Olin hold a Zacks Rank #2
(Buy).
DOW CHEMICAL (DOW): Free Stock Analysis Report
LYONDELLBASEL-A (LYB): Free Stock Analysis Report
METHANEX CORP (MEOH): Free Stock Analysis Report
OLIN CORP (OLN): Free Stock Analysis Report
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