Nanotechnology Now

Our NanoNews Digest Sponsors





Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > DuPont Expects to Grow Photovoltaic Sales More Than 50 Percent in 2010

Abstract:
Sales to Exceed $1 Billion in 2011 Based on Successful New Products and Strong Market Demand

DuPont Expects to Grow Photovoltaic Sales More Than 50 Percent in 2010

Wilmington, DE | Posted on April 30th, 2010

DuPont expects its photovoltaic sales to grow over 50 percent this year as the solar industry experiences strong growth as a result of increased market demand for new installations in Europe, North America and parts of Asia. DuPont now expects its sales into photovoltaics to exceed $1 billion in 2011, which is a year ahead of plan, and has set a new goal to exceed $2 billion in sales by 2014.


"Our focus on delivering materials innovations that are essential to the photovoltaic industry's future growth is paying off for our customers and for DuPont," said David B. Miller, president, DuPont Electronics & Communications. "We not only have the materials that provide superior performance and reliability to photovoltaic modules, but also the ability to match those products to the specific, individual needs of our customers and we are aggressively expanding to supply those materials in the volumes required by this high growth industry."


In 2009, DuPont sales to the photovoltaic market exceeded $550 million - an increase of over 25 percent from the previous year - and outperformed the broader industry, which experienced significantly lower growth, estimated to be 10 percent or less. DuPont's growth is supported by new innovations that improve module efficiency and lifetime, and enable new photovoltaic technologies and applications, which ultimately accelerate the industry's drive to bring costs down in line with other forms of energy.


"We have seen strong demand that has led us to continue our trend of growing faster than the market due to several successful new product introductions and share gains based on a strong portfolio of materials-based offerings to global leading photovoltaic cell and module manufacturers," said Miller. "We expect our growth momentum to continue because materials innovations are essential to delivering improved efficiency, longer lifetimes, and lower overall system costs to consumers."


DuPont Photovoltaic Solutions represents the broadest portfolio in the solar energy industry, with more than 10 products critical to photovoltaic production. DuPont materials and technology solutions are designed to help increase the efficiency and lifetime of crystalline silicon and thin film photovoltaic solar modules, while reducing total systems cost and enabling the photovoltaic industry to reach grid parity faster. For more information on DuPont Photovoltaic Solutions, please visit photovoltaics.dupont.com.

Forward-Looking Statements: This news release contains forward-looking statements based on management's current expectations, estimates and projections. The company does not undertake to update any forward-looking statements as a result of future developments or new information. All statements that address expectations or projections about the future, including statements about the company's strategy for growth, product development, market position, expected expenditures and financial results are forward-looking statements. Some of the forward-looking statements may be identified by words like "expects," "anticipates," "plans," "intends," "projects," "indicates," and similar expressions. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, including those discussed more fully elsewhere in this release and in DuPont's filings with the Securities and Exchange Commission, particularly its latest annual report on Form 10-K, as well as others, could cause results to differ materially from those stated. These factors include, but are not limited to changes in the laws, regulations, policies and economic conditions of countries in which the company does business; competitive pressures; successful integration of structural changes, including acquisitions, divestitures and alliances; research and development of new products, including regulatory approval and market acceptance, and seasonality of sales of agricultural products.

####

About DuPont
DuPont is a science-based products and services company. Founded in 1802, DuPont puts science to work by creating sustainable solutions essential to a better, safer, healthier life for people everywhere. Operating in more than 70 countries, DuPont offers a wide range of innovative products and services for markets including agriculture and food; building and construction; communications; and transportation.

For more information, please click here

Contacts:
Dan Turner
302-774-0081

Copyright © DuPont

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

'Exotic' material is like a switch when super thin April 18th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Possible Futures

Virus structure inspires novel understanding of onion-like carbon nanoparticles April 10th, 2014

Local girl does good March 22nd, 2014

Surface Characteristics Influence Cellular Growth on Semiconductor Material March 12th, 2014

The "Tipping Point" February 12th, 2014

Announcements

Iranian Researchers Present New Model to Strengthen Superconductivity at Higher Temperatures April 19th, 2014

Iranian Researchers Produce New Anti-Cancer Drug from Turmeric April 19th, 2014

'Exotic' material is like a switch when super thin April 18th, 2014

Innovative strategy to facilitate organ repair April 18th, 2014

Energy

High-temperature plasmonics eyed for solar, computer innovation April 17th, 2014

Scientists Capture Ultrafast Snapshots of Light-Driven Superconductivity: X-rays reveal how rapidly vanishing 'charge stripes' may be behind laser-induced high-temperature superconductivity April 16th, 2014

Engineers develop new materials for hydrogen storage April 15th, 2014

A molecular approach to solar power: Switchable material could harness the power of the sun ó even when itís not shining April 15th, 2014

Solar/Photovoltaic

High-temperature plasmonics eyed for solar, computer innovation April 17th, 2014

A molecular approach to solar power: Switchable material could harness the power of the sun ó even when itís not shining April 15th, 2014

Shiny quantum dots brighten future of solar cells: Photovoltaic solar-panel windows could be next for your house April 14th, 2014

Scientists open door to better solar cells, superconductors and hard-drives: Research enhances understanding of materials interfaces April 14th, 2014

NanoNews-Digest
The latest news from around the world, FREE







  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE