United Solar To Provide Up to 25MW of UNI-SOLAR Laminates for Rooftop Installation in Italy
04 Febrero 2010 - 7:00AM
PR Newswire (US)
ROCHESTER HILLS, Mich., Feb. 4 /PRNewswire-FirstCall/ -- United
Solar Ovonic (United Solar), a wholly owned subsidiary of Energy
Conversion Devices, Inc. (ECD) (NASDAQ:ENER), today confirmed that
it will supply up to 25 MW of UNI-SOLAR® brand photovoltaic
laminates to Enel Green Power for installation on a number of
buildings owned by CIS-Interporto di Nola in Italy. Enel Green
Power is the renewable energy operating company of the Enel Group,
Italy's largest utility. The UNI-SOLAR laminates will be fully
integrated with the existing architecture and will be installed on
the roofs of a number of commercial and logistic buildings, and are
expected to begin producing power in 2010. Once operational, the
facility will be capable of producing about 33 million kWh per
year, enough to meet the consumption needs of approximately 13,000
households - more than a third of the inhabitants of Nola - while
avoiding the atmospheric emission of more than 21 tons of CO2 per
year. UNI-SOLAR laminates were the obvious choice for this project
because they were an ideal match to the demands of the application.
The product fits perfectly with the characteristics of these
buildings in terms of layout, rooftop load capacity, and
waterproofing. Other climatic factors were also important,
especially the ability to withstand high winds, as the buildings
regularly experience gusts of up to 160 kilometers per hour. For
resistance to wind uplift without roof penetrations, UNI-SOLAR
laminates are unparalleled in the rooftop solar industry. Mark
Morelli, ECD's president and CEO, said, "This announcement of this
significant purchase agreement with Enel Green Power is a good
indication that the evolution of our business to target large
scale, multi-rooftop projects is taking shape. We look forward to
working with them on similar opportunities in other countries and
expanding our relationship to include many more rooftop projects in
the future." About Enel Green Power Enel Green Power, established
in December 2008, is the Enel Group company devoted to the
development and management of power generation from renewable
resources at the international level, with a presence in Europe and
the Americas. It is the European leader in its industry thanks to
17.2 billion kilowatt-hours of electricity generated from water,
the sun, wind and the heat of the earth, enough to meet the
consumption needs of some 6.5 million households each year and
avoid 13 million tons of CO2 emissions. The company's installed
capacity totals about 4,700 MW, produced by more than 500 plants in
operation around the world, with a generation mix that includes
wind, solar, hydro, geothermal and biomass. About Energy Conversion
Devices Energy Conversion Devices, Inc. is the leader in building
integrated and commercial rooftop photovoltaics, one of the fastest
growing segments of the solar power industry. The company
manufactures and sells thin-film solar laminates that convert
sunlight to energy using proprietary technology. ECD's UNI-SOLAR®
brand products are unique because of their flexibility, light
weight, ease of installation, durability, and real-world
efficiency. ECD also pioneers other alternative technologies,
including a new type of nonvolatile digital memory technology that
is significantly faster, less expensive, and ideal for use in a
variety of applications including cell phones, digital cameras and
personal computers. For more information, please visit
http://www.energyconversiondevices.com/. This release may contain
forward-looking statements within the meaning of the Safe Harbor
Provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning our plans,
objectives, goals, strategies, future events, future net sales or
performance, capital expenditures, financing needs, plans or
intentions relating to expansions, business trends and other
information that is not historical information. All forward-looking
statements are based upon information available to us on the date
of this release and are subject to risks, uncertainties and other
factors, many of which are outside of our control, that could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Risks that could cause such results
to differ include: our ability to successfully integrate the
acquisition of Solar Integrated Technologies; our ability to
maintain our customer relationships; the worldwide demand for
electricity and the market for solar energy; the supply and price
of components and raw materials for our products; and our
customers' ability to access the capital needed to finance the
purchase of our products. The risk factors identified in the ECD
filings with the Securities and Exchange Commission, including the
company's most recent Annual Report on Form 10-K and most recent
Quarterly Report on Form 10-Q, could impact any forward-looking
statements contained in this release. DATASOURCE: Energy Conversion
Devices, Inc. CONTACT: Mark Trinske, Vice President, Investor
Relations & Communications, ECD / United Solar Ovonic,
+1-248-299-6063 Web Site: http://www.energyconversiondevices.com/
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