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Owens Corning and Solexel Receive Funding to Develop Next Generation Solar Energy Technologies

Owens Corning, a global leader in building materials and glass fiber reinforcements, and Solexel, a manufacturer of solar PV modules, have received $13 million in funding to develop the next generation solar energy technologies.

The United States Department of Energy (DOE) has awarded the funding, as part of its SunShot Initiative, for projects that will create breakthrough building-integrated solar technologies. The SunShot Initiative is a collaborative program that drives solar energy systems to be more sustainable and affordable for residential consumers.

There is a great chance to combine the technology of Solexel into solar roofing solutions that are aesthetically beautiful, affordable and easy to set up with the probability of the DOE funding. The roofing market leadership of Owens Corning and the technology leadership of Solexel integrate to revolutionize residential roofing.

Sheree Bargabos, president of Owens Corning Roofing, said that the company is enthused about the capacity to build a game-changing technology that can meet the homeowners’ demand for high-performance, reliable, sustainable and affordable roofing solutions. He also added that Owens Corning has been studying solar roofing as a potential market where the company can provide value for its customers, and this opportunity will make the technology applicable in the wider marketplace.

Michael Wingert, Solexel’s president and CEO, said that the mission of Solexel is to be a modernist to develop distinguished solar solutions. He also added that the company’s high-performance technology is suitable for building-integrated solar products.

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