MIDLAND, Mich.--(BUSINESS WIRE)--The Dow Chemical Company (NYSE: DOW) has been identified in the field of Energy and Materials as one of 2013’s 50 Disruptive Companies, MIT Technology Review’s annual list of the world’s most innovative technology companies. Dow was chosen for commercializing the DOW POWERHOUSE™ Solar Shingle, a first-of-its kind solar roofing product that combines the benefits of solar technology with the durability and performance of traditional roofing materials, all with an integrated design that complements the look of the home.
“The pace at which technology changes is astounding. This issue celebrates organizations at the forefront, displaying “disruptive innovation’”
The honorees are nominated by MIT Technology Review’s editors, who look for companies that have demonstrated original and valuable technology over the last year, are bringing that technology to market at significant scale, and are clearly influencing their competitors. Spanning energy and materials, internet and digital media, computing and communications, biomedicine, and transportation, the companies on the list represent the commercial disruptive innovations most likely to change our lives.
The POWERHOUSE Solar Shingles are the latest innovation in energy efficient solutions by Dow, and a breakthrough for homeowners who want to invest in reducing their cost of home ownership by offsetting their energy costs and living more sustainably, without sacrificing the aesthetics of their home. For homeowners needing a new roof, POWERHOUSE provides a replacement option that can pay for itself, generate revenue through energy offset, and add to the value of the home. Homebuyers purchasing and financing a new home with a POWERHOUSE roof can generate immediate savings, and be cash-flow positive from year one.
Jason Pontin, publisher and editor in chief of MIT Technology Review, states, “The pace at which technology changes is astounding. This issue celebrates organizations at the forefront, displaying “disruptive innovation’” that will prove to surpass the competition, transform an industry, and change our lives.”
“The DOW POWERHOUSE Solar Shingle is indeed a disruptive innovation for homeowners as well as the building industry” said Jane Palmieri, Vice President of Dow Solar. “This pioneering product is reinventing the roof by turning it into a source of value for the homeowner. Builders now have the opportunity to differentiate their high-performing homes with a solar product that does not compromise the home’s overall aesthetics. In addition, a simplified installation process allows roofing professionals to participate in the growing solar marketplace, which is a real game-changer for the industry.”
Made in the USA, and backed by a 20 year performance warranty, the DOW POWERHOUSE Solar Shingle is a dual-functioning system that is certified as both a roofing and solar product, and built to withstand rain, hail and wind. It is a complete turnkey package that includes a custom designed system for each home, the inverter to convert DC to useable AC electricity, the utility interconnection so that credit is obtained for the electricity generated, and a web-based monitoring system that enables homeowners to engage with the performance of their POWERHOUSE System, and gives them peace of mind that they have made a smart and reliable investment in their home.
Dow and the other honorees will be featured in the March/April edition of MIT Technology Review, available on newsstands worldwide March 5, and online at technologyreview.com on February 20. Previous recipients include Apple, Google, GE, Facebook and Twitter.
About DOW POWERHOUSE™
The DOW POWERHOUSE™ Solar Shingle is a first-of-its kind solar roofing product, developed to combine the benefits of solar technology with the durability and performance of traditional roofing materials. It is designed to install, look and function in a way that has never been done before. POWERHOUSE is reinventing the roof with a new generation of homeowners looking for a smart, renewable way to power their homes without compromising the home’s aesthetics. Building Integrated Photovoltaic (BIPV) products from Dow Solar are one of the many innovations from Dow establishing the Company on the forefront of alternative energy solutions and expanding Dow's commitment to using chemistry to solve the world's energy challenges. The DOW POWERHOUSE™ Solar Shingle was recently honored as a recipient of a 2012 Breakthrough Award by POPULAR MECHANICS, and a 2012 Gold Edison Award for Best New Product. In 2009 it was named as one of the Best Inventions by Time Magazine. More information about DOW POWERHOUSE can be found at http://www.DOWPOWERHOUSE.com. Homeowners and building professionals can also follow DOW POWERHOUSE on Facebook, Twitter, Pinterest or via YouTube.
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company connects chemistry and innovation with the principles of sustainability to help address many of the world's most challenging problems such as the need for clean water, renewable energy generation and conservation, and increasing agricultural productivity. Dow's diversified industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics, water, energy, coatings and agriculture. In 2012, Dow had annual sales of approximately $57 billion and employed approximately 54,000 people worldwide. The Company's more than 5,000 products are manufactured at 188 sites in 36 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
About MIT Technology Review
MIT Technology Review leads the global conversation about technologies that matter. An independent global media company owned by the Massachusetts Institute of Technology (MIT), the enterprise produces publications read by millions of business leaders, innovators, thought leaders, and early adopters around the globe, in six languages and on a variety of digital and print platforms. The company publishes MIT Technology Review magazine, the world's most respected technology magazine (established 1899); daily news features, analysis, opinion, and video; and Business Reports, which explain how new technologies are transforming companies, disrupting markets, or creating entirely new industries. It also produces live events such as the annual EmTech MIT, international EmTech conferences, Summits, and Salons. The company's entrepreneurial community organization, the MIT Enterprise Forum, hosts over 400 events a year around the world.