News Article
Dow Corning Announces Huge Investment
The company announces multi billion Dollar investment to serve emerging global solar power industry. The investment provides critical raw materials to solar cell manufacturers.
Dow Corning Corporation announced several billion dollars of investment to provide critical materials to the fast growing solar technology industry.
“Dow Corning and our Hemlock Semiconductor joint ventures hope to create a viable solar industry that produces new, high paying jobs, clean power technologies and a revitalised economy,” said Stephanie A. Burns, Dow Corning's chairman, president and CEO. “We're committing our resources, know how and technology because we are confident that solar technology represents a tremendous opportunity for both clean energy and economic growth.”
Dow Corning will begin manufacturing high purity monosilane, a key specialty gas used to manufacture thin film solar cells and liquid crystal displays (LCDs). This investment includes construction of a new monosilane manufacturing facility in Hemlock, Michigan, adjacent to Hemlock Semiconductor Corporation's polysilicon manufacturing site.
“This significant investment to become a leading supplier of monosilane for thin film solar technology will expand our feedstock offering and will further reinforce our position as a value added material supplier to the solar industry,” said Eric Peeters, global executive director, of Dow Corning Solar Solutions.
The investment also includes up to $3.0 billion at Dow Corning joint ventures Hemlock Semiconductor Corporation and Hemlock Semiconductor LLC. The companies will expand Hemlock Semiconductor Corporation's existing Michigan manufacturing facility and build a new site in Clarksville, Tennessee to increase manufacturing capacity for polycrystalline silicon (polysilicon), the cornerstone material used to manufacture most solar cells.
Construction of both the polysilicon expansions and the new monosilane site will begin immediately.
These announcements solidify Dow Corning's significant role in the development of the two most common types of solar cells; crystalline based and thin film solar cells. Crystalline based solar cells use sliced polysilicon as its main semiconducting material. Thin film solar cells are made by depositing a thin film of silicon, enabled by monosilane, onto a sheet of another material such as glass.
“The opportunity and need for solar energy is so great, there will be a need for many solar technologies to flourish to meet global demand,” said Peeters. “Dow Corning intends to offer options across the entire array of solar technologies, allowing our customers to innovate freely.”
“Dow Corning and our Hemlock Semiconductor joint ventures hope to create a viable solar industry that produces new, high paying jobs, clean power technologies and a revitalised economy,” said Stephanie A. Burns, Dow Corning's chairman, president and CEO. “We're committing our resources, know how and technology because we are confident that solar technology represents a tremendous opportunity for both clean energy and economic growth.”
Dow Corning will begin manufacturing high purity monosilane, a key specialty gas used to manufacture thin film solar cells and liquid crystal displays (LCDs). This investment includes construction of a new monosilane manufacturing facility in Hemlock, Michigan, adjacent to Hemlock Semiconductor Corporation's polysilicon manufacturing site.
“This significant investment to become a leading supplier of monosilane for thin film solar technology will expand our feedstock offering and will further reinforce our position as a value added material supplier to the solar industry,” said Eric Peeters, global executive director, of Dow Corning Solar Solutions.
The investment also includes up to $3.0 billion at Dow Corning joint ventures Hemlock Semiconductor Corporation and Hemlock Semiconductor LLC. The companies will expand Hemlock Semiconductor Corporation's existing Michigan manufacturing facility and build a new site in Clarksville, Tennessee to increase manufacturing capacity for polycrystalline silicon (polysilicon), the cornerstone material used to manufacture most solar cells.
Construction of both the polysilicon expansions and the new monosilane site will begin immediately.
These announcements solidify Dow Corning's significant role in the development of the two most common types of solar cells; crystalline based and thin film solar cells. Crystalline based solar cells use sliced polysilicon as its main semiconducting material. Thin film solar cells are made by depositing a thin film of silicon, enabled by monosilane, onto a sheet of another material such as glass.
“The opportunity and need for solar energy is so great, there will be a need for many solar technologies to flourish to meet global demand,” said Peeters. “Dow Corning intends to offer options across the entire array of solar technologies, allowing our customers to innovate freely.”
