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Dow Corning supports European Commission’s priority on alternative energy research

11-12-2009 11:53 AM CET | Energy & Environment

Press release from: Dow Corning

Dow Corning, a global leader in silicon based technologies that power the solar industry, has welcomed a call by the European Commission for a €50 billion increase in funding for clean energy research over the next decade.

The Commission is aiming to accelerate its Strategic Energy Technology Plan (SET Plan) with a greater focus on the development and deployment of cost-effective low carbon technologies. Research and development and a partnership between business, the public sector and researchers are essential in order to develop the technologies to secure EU energy supply and ensure the competitiveness of the European Community member nations.

As a leader in developing the technologies that sustain the solar energy industry, Dow Corning supports legislative and governmental initiatives that can help clean energy become a more affordable option for the future. “Solar energy is a clean, efficient and readily available technology that, with the right support, can help transform the world’s energy, environmental and economic future,” said Eric Peeters, Vice President, Dow Corning Solar Solutions. “We commend the Commission for highlighting the critical role that innovation will play in accelerating efforts to make solar energy a viable alternative to traditional energy sources.”

Dow Corning’s silicon-based materials are used in solar cell manufacturing, solar module assembly and installation. In the past five years, Dow Corning together with its joint ventures at the Hemlock Semiconductor Group have announced investments of more than $5 billion to research and develop as well as to expand production of materials critical to the solar industry.

The company’s research and development efforts are designed to help the solar industry become even more economically competitive with conventional energy sources as they work towards achieving grid parity.

Dow Corning supports the Commission’s view that co-operation with industry will be essential for the future. The proposed Strategic Energy Technology Plan (SET-Plan) seeks to combine EU and national resources with Public-Private Partnerships in a series of European Industrial Initiatives in areas including solar and wind.

“The opportunity and need for solar energy is so great, a spectrum of solar technologies will need to flourish and industry standards developed through increased public-private partnerships created,” said Peeters.

Further information
• Dow Corning’s solar solutions http://www.dowcorning.com/solar
• Silicones and solar power http://www.dowcorning.com/solarshowcase

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About Dow Corning
Dow Corning (www.dowcorning.com) provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company’s Dow Corning® and XIAMETER® brands. Dow Corning is a joint venture equally owned by The Dow Chemical Company and Corning, Incorporated. More than half of Dow Corning’s annual sales are outside the United States.
To learn more about Dow Corning and solar energy visit www.dowcorning.com/solarpolicy.

About Hemlock Semiconductor Group
The Hemlock Semiconductor Group (Hemlock Semiconductor) is comprised of two joint ventures: Hemlock Semiconductor Corporation and Hemlock Semiconductor, L.L.C. The companies are joint ventures among Dow Corning Corporation, Shin-Etsu Handotai, and Mitsubishi Materials Corporation. Hemlock Semiconductor is a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices, and solar cells and modules. Hemlock Semiconductor began its Michigan operations in 1961 and broke ground at its Tennessee location in 2009.

Dow Corning
Parc Industriel de Seneffe 1
7180 Seneffe, Belgium

Contact: Karen Heenan-Davies
+44 1446 723498
karen.heenan_davies@dowcorning.com

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