) has reached a key milestone which reinforces its position as a
leader in polyolefin encapsulants products that make
high-performance photovoltaic (PV) systems.
PV modules with Dow's ENLIGHT polyolefin encapsulant films
recently showed zero potential induced degradation (PID) loss when
put through third-party testing methods which simulated over 25
years of product deterioration. PV modules are gaining importance
as a viable source of renewable energy in the market.
PID, a key benchmark to assess the effectiveness of PV systems
amid a stressful environment (including high temperature and
humidity), takes place when a module's voltage potential and ion
mobility degrade the solar cells and minimize the module's power
The performance of PV modules with ENLIGHT was validated by
firms such as Fraunhofer Center for Silicon Photovoltaics (CSP) and
Photovoltaik Insitut Berlin (PI-Berlin). Tests by these firms
confirmed ENLIGHT's high volume resistance, low moisture vapor
transmission rate as well as zero degradation of power from PID
that outperformed the PID-free industry standard (less-than or
equal to 5% energy loss). The test results revealed a new level of
risk mitigation with zero PID.
Dow's shares were up 1.2% in the trading session last Friday.
The stock has racked up around 44% return over a year and gained
roughly 11% so far this year.
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 help
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. The ENLIGHT films enable panel manufacturers
to potentially increase yield and capacity by reducing production
time by up to 30%.
Dow, in Apr 2014, 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. These patents
coupled with patents already received in China and Philippines
place Dow among the industry's first to secure global device
patents for polyolefin encapsulant films used in PV modules.
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
Dow is a Zacks Rank #2 (Buy) stock.
Other companies in the chemical space with a favorable Zacks
Compass Minerals International Inc.
L'Air Liquide SA
Koninklijke DSM N.V.
). While Compass Minerals carries a Zacks Rank #1 (Strong Buy),
both L'Air Liquide and Koninklijke DSM retain a Zacks Rank #2
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