US DuPont might enter building-integrated PV industry - report
(ADPnews) - Oct 13, 2010 - US industrial conglomerate DuPont (NYSE:DD) is considering entry into the building-integrated photovoltaics (PVs) sector to enhance its alternative energy products line, chief innovation officer Tom Connelly unveiled.
The industrial conglomerate is "interested in moving beyond our current business," Connelly said at the Reuters Global Climate and Alternative Energy Summit on Monday. "You will see us doing more in the area of building-integrated PVs as we move forward," he added.
DuPont's solar business at present includes production of secondary materials such as pastes and films used to make solar panels. According to Connelly, the company would further concentrate on thin-film materials development.
Connelly added that the company spends on alternative energy development some USD 1.4 billion (EUR 1bn) a year, or 15% of the amount it allocates for research and development.
DuPont also aims to expand in the biofuels sector, targeting to launch a biobutanol product by the end of 2012.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.