Borealis and Borouge partner for solar energy market
Material suppliers Borealis and Borouge have launched a 50/50 joint venture called Quentys, a new brand designed to service the solar energy industry and to realise “more affordable, reliable, and durable applications”.
According to Vienna-based Borealis, the new brand could potentially “revolutionize” the solar energy industry. “This innovative force is now being unleashed in the field of solar, where new material solutions based on unique and proprietary technologies have been developed for applications such as backsheets and encapsulant films,” the company said in a statement.
The new brand will improve the operational reliability of photovoltaic (PV) modules, reduce processing complexity, and extend the lifetime of PV panels, Borealis said.
The first wave of new products developed in partnership with a leading solar industry partner will be launched shortly, the firm added.
Borealis also noted that, by 2025, solar industry is expected to have the highest global annual capacity added of all energy sources, reaching over 100 Gigawatt capacity added per year.
“Our mission is to keep discovering new ways of applying our experience and know-how to future growth sectors,” says Alfred Stern, Borealis executive vice president, polyolefins and innovation & technology. “Our new Quentys brand will be the foundation for a range of exciting new products and applications that will make solar more affordable and more widely available.”