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Dow Corning receives USD1.2m funding from US DoE for providing energy efficiency system.

M2 EQUITYBITES-18 June 2010-Dow Corning receives USD1.2m funding from US DoE for providing energy efficiency system(C)2010 M2 COMMUNICATIONS

The US Department of Energy has awarded USD1.2m to Dow Corning Corporation (NYSE:DOW) to develop an insulating facade system that may significantly increase the energy efficiency of commercial buildings.

Making this announcement on Thursday, Dow Corning said that the funding will assist it in the development of a silicon-based high-efficiency building insulation system which could be used in retro-fit and new construction applications.

The insulation project is focused on achieving thermal resistance values of R-40 or greater for exterior insulation and finish systems, which would make building facades as many as eight times more energy efficient.

Dow Corning is a provider of silicones and silicon-based technology.

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Publication:M2 EquityBites (EQB)
Date:Jun 18, 2010
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