Dow Chemical (NYSE: DOW) has reached another key milestone for its POWERHOUSE solar shingle system. The revolutionary solar roof was recently installed by energy and renewable energy solutions provider – Canadian Energy – in Canada, marking the first deployment of the system in that country.
Dow POWERHOUSE will provide annual savings in energy costs for residents of a house in Lethbridge, Alberta, where the innovative system was installed. The solar roof will offer an attractive option for reducing their electricity bills by generating clean energy from the sun and protecting their home better than a conventional roof. Canadian Energy is the exclusive distributer of Dow POWERHOUSE for all Canadian provinces and territories.
The POWERHOUSE solar shingle has some unique features. It includes a custom designed array that complements the style of the homeowners while fulfilling their energy saving goals. It comes with a solar inverter that converts Direct Current (DC) into Alternating Current (AC) to cater to homes' power needs. The system also helps to monitor real-time energy production from an internet connection.
POWERHOUSE Solar Shingle is certified as both a solar and roofing product. It has received a host of performance and safety certifications, and is proven to withstand rain, hail and wind uplift.
Dow continues to develop technologies that exploit the power of the sun and helps in converting solar energy into an efficient source of electricity. In addition to POWERHOUSE, the company's other notable offerings include the ENLIGHT polyolefin encapsulant films that are designed for use in photovoltaic solar panels.
Dow is a Zacks Rank #2 (Buy) stock.
Other companies in the chemical space worth considering include Compass Minerals International Inc. (NYSE: CMP), Koninklijke DSM N.V. (RDSMY) and PetroLogistics LP (NYSE: PDH). While Compass Minerals retains a Zacks Rank #1 (Strong Buy), both Koninklijke DSM and PetroLogistics sport a Zacks Rank #2 (Buy).
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