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DuPont Acquires Innovalight to Expand Solar Business

Tue, 07/26/2011 - 12:20pm
PowerPulse.net

DuPont announced that it has acquired Innovalight, Inc., a company specializing in advanced silicon inks and process technologies to increase the efficiency of crystalline silicon solar cells. DuPont states that the acquisition further strengthens its position as a clear leader in materials for the solar energy market, enabling a broader and more integrated photovoltaic materials and technology offering from DuPont. Financial terms of the acquisition were not disclosed.

DuPont exceeded $1 billion in revenue from sales into the photovoltaic market in 2010, and has set a goal to reach $2 billion by 2014 based on continued growth supported by new innovations that improve solar module efficiency, lifetime and overall system costs.

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