Air Products Selected for Department of Energy Research Grant
August 04 2009 - 11:30AM
PR Newswire (US)
Work to Accelerate Commercialization of Clean Solar Energy LEHIGH
VALLEY, Pa., Aug. 4 /PRNewswire-FirstCall/ -- Air Products (NYSE:
APD) has been selected to receive more than $1.5 million from the
U.S. Department of Energy (DOE) under DOE's Solar Energy Technology
Program. Air Products will use its expertise in etch and deposition
science, gained from more than 35 years' experience in the global
electronics industry, to develop materials that could potentially
result in significant cost savings for thin-film photovoltaic (PV)
manufacturers. The objective of the DOE program is to identify and
accelerate the development of PV processes expected to improve the
domestic solar market. Air Products' main focus will be on
developing and validating an advanced radio frequency plasma
chemical vapor deposition process. The project is among 24 new
solar energy technology projects receiving $22 million in DOE funds
as part of the American Recovery and Reinvestment Act funding.
"Once developed and commercialized, these materials could be used
by thin-film PV manufacturers, whose production is expected to
exceed 5 GW in the coming years," said Jeff Handelman, Air
Products' general manager, photovoltaics. "If 5 GW worth of
thin-film silicon manufacturing were to adopt these additives and
save more than $0.10 per watt, it would save the PV industry about
$600 million annually." For more information on Air Products' broad
range of gases, chemicals, equipment and services for PV
manufacturing -- marketed under the SunSource(TM) trade name --
please visit http://www.airproducts.com/sunsource. Air Products
(NYSE:APD) serves customers in industrial, energy, technology and
healthcare markets worldwide with a unique portfolio of atmospheric
gases, process and specialty gases, performance materials, and
equipment and services. Founded in 1940, Air Products has built
leading positions in key growth markets such as semiconductor
materials, refinery hydrogen, home healthcare services, natural gas
liquefaction, and advanced coatings and adhesives. The company is
recognized for its innovative culture, operational excellence and
commitment to safety and the environment. Air Products had fiscal
2008 revenues of $10.4 billion, operations in over 40 countries,
and 21,000 employees around the globe. For more information, visit
http://www.airproducts.com/. ***NOTE: This release may contain
forward-looking statements. Actual results could vary materially,
due to changes in current expectations. DATASOURCE: Air Products
CONTACT: Media Inquiries, Robert Brown, +1-610-481-1192, , or
Investor Inquiries, Nelson Squires, +1-610-481-7461, , both of Air
Products Web Site: http://www.airproducts.com/
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