Borealis AG (Vienna, Austria; www.borealisgroup.com) and Borouge (Abu Dhabi, UAE; wwwborouge.com) announced the launch of Quentys, the new umbrella brand created to empower and potentially revolutionise the solar energy industry by making applications more affordable, reliable, and durable. Borealis and Borouge are leveraging their decades of experience in the energy sector, and forming new strategic partnerships along the entire solar value chain, in order to deliver step-change innovations to the market.
These steps will the operational reliability of photovoltaic (PV) modules, reduce processing complexity, and extend the lifetime of PV panels. The first wave of new products developed in partnership with a leading solar industry partner will be launched shortly.
For example, single-step production technologies reduce manufacturing complexity and thus costs. Innovative materials increase both output and lifespan of PV modules. These are key to maintaining the market momentum currently enjoyed by renewables, as documented by the International Energy Agency (IEA). In 2015, the IEA predicted that by 2050, solar will provide 16% of the world’s electric power, significantly more than the 11% it had forecast in 2010. Moreover, the levellised cost – meaning the all-in cost of installing and operating a renewable energy system over its entire lifetime – of electricity for renewables is falling.
“As a global innovation leader, 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.”
“The launch of Quentys reflects our companies’ strong commitment towards sustainability and to create value for our customers with proprietary innovations developed by our creative people,” said Wim Roels, Chief Executive Officer Borouge Pte. Ltd. “This new solar brand is an enabler for us to contribute to the development of the solar energy sector by providing innovative, credible and profitable solutions for the solar industry.”