United Solar Announces Major Contribution for 4 Megawatt Installation on Marcegaglia Group's Industrial Plant in Italy
04 2월 2010 - 2:21AM
PR Newswire (US)
Complete BIPV system will produce enough energy to meet the needs
of approximately 1,900 households ROCHESTER HILLS, Mich., Feb. 3
/PRNewswire-FirstCall/ -- United Solar Ovonics (USO), a wholly
owned subsidiary of Energy Conversion Devices, Inc. (ECD)
(NASDAQ:ENER), today announced the major contribution for 4MW
building integrated photovoltaic (BIPV) system on the roof-tops of
the Marcegaglia Group's industrial plant in Taranto. The system
will be mostly equipped with UNI-SOLAR® innovative flexible light
weight photovoltaic modules. The project, one of the largest
innovative technology roof-top systems in Italy, is scheduled to
start operating in 2010. The installation features Marcegaglia's
Brollo Solar photovoltaic roofing system. This roofing system is
formed by UNI-SOLAR laminates being directly applied to corrugated
sheets or insulating panels to form a light weight BIPV roofing
solution. Once fully operational, the complete system - owned 51%
by Enel Green Power and 49% by Marcegaglia Group - will be able to
produce over 5 million kWh annually, enough to meet the energy
needs of approximately 1,900 households, thereby avoiding the
atmospheric emission of some 4,000 tons of CO2 per year. Mark
Morelli, ECD's president and CEO, said, "We are pleased to again be
working with Marcegaglia on another BIPV project. This installation
in Taranto is another excellent example of a successful BIPV
application of our UNI-SOLAR laminates. Because UNI-SOLAR laminates
are thin, light weight and flexible, they were the ideal choice for
this installation which called for the PV system to be fully
integrated into the existing architecture. We look forward to
developing many more projects of this type in the future." The core
business of the Marcegaglia Group, wholly owned by the family of
the same name, is steel processing in which it is a world leader.
With 6,500 employees and 50 manufacturing plants in Italy, Europe,
the Americas and Asia, it operates in markets around the world. As
part of its diversified activities, Marcegaglia Energy is the
business unit devoted to generating electricity from renewable
resources. It has been operating since 1995 in power generation
from biomass and refuse- derived fuel (Euro Energy Group). In 2006
it introduced photovoltaic technologies: with Arendi in the area of
thin-film on glass substrates and with Marcegaglia Buildtech for
flexible thin-film systems. 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, Inc. 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: ECD / United Solar Ovonic, Mark Trinske,
Vice President, Investor Relations & Communications,
+1-248-299-6063 Web Site: http://www.energyconversiondevices.com/
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