United Solar Will Supply New Jersey Resources and Adler Development with Approximately 3.9 Megawatt Installation of Solar Lamina
21 7월 2010 - 8:00PM
United Solar, a leading global manufacturer of building-integrated
and rooftop photovoltaics under its UNI-SOLAR® brand – and a wholly
owned subsidiary of Energy Conversion Devices (Nasdaq:ENER) – today
announced it has signed an agreement to supply 3.9 megawatts of
solar laminates to New Jersey Resources Clean Energy Ventures
(NJRCEV) and Adler Development of Edison, NJ.
Recognizing the value of green buildings and potential energy
savings for its tenants, Adler, a New Jersey family-owned and
operated development company specializing in warehouse and flex
space, will lease over 900,000 square feet of roof space to NJRCEV
for a period of 20 years, helping reduce its facilities' carbon
emissions by 3,200 tons per year. Tenants of the buildings
will be offered a Power Purchase Agreement from NJRCEV.
Initial engineering prep work has begun on four Adler
Development rooftops in NJ and solar modules are currently being
produced and shipped from United Solar's high-tech manufacturing
plant in Auburn Hills, Michigan. Estimates are that PV power
from this project will be on the grid by early autumn. Also
assisting with project execution is United Solar channel partner
Advanced Green Technologies of Fort Lauderdale, Florida.
"This is a significant opportunity for United Solar to highlight
its suite of UNI-SOLAR rooftop products that showcase our industry
leading flexible, thin-film, low impact and low profile solar
laminates," said Mark Morelli, President and CEO of United Solar's
parent company, Energy Conversion Devices. "New Jersey Resources
and the state of New Jersey have shown great leadership in
embracing the use of solar power as a clean, reliable and effective
alternative energy source and we look forward to creating more
opportunities there in the near future."
About Adler Development:
Adler Development is a full service real estate development firm
focused on providing first class service to tenants in the central
and northern New Jersey office, flex, and industrial
markets. Since 1961, Adler Development has developed
warehouse, flex and office properties and has been engaged in
brownfield redevelopment since 1994. Adler Development
has three LEED projects in the certification process and is
continuing to lead the development of sustainable real
estate. Adler Development is a 2nd generation family
business started by Bernie Adler. Now being led by his
three sons, Joshua, Matthew, and Seth, the company is poised for
growth in the coming years while maintaining its many long term
relationships. We invite you to come grow your business with
us.
About New Jersey Resources:
New Jersey Resources, a Fortune 1000 company, provides reliable
and renewable energy and natural gas services including
transportation, distribution, and asset management in states from
the Gulf Coast to the New England regions, including the
Mid-Continent region, the West Coast and Canada, while investing in
and maintaining an extensive infrastructure to support future
growth. With over $2.5 billion in annual revenues, NJR safely and
reliably operates and maintains 6,700 miles of natural gas
transportation and distribution infrastructure to serve nearly half
a million customers; develops and manages a diverse portfolio of
more than 2.3 Bcf/day of transportation capacity and 50 Bcf of
storage capacity; and provides appliance installation, repair and
contract service to approximately 144,000 homes and businesses.
Additionally, NJR holds investments in midstream assets through
equity partnerships including Steckman Ridge and Iroquois. Through
Conserve to Preserve®, NJR is helping customers save energy and
money by promoting conservation and encouraging efficiency. For
more information about NJR, visit www.njliving.com.
About Energy Conversion Devices/United
Solar
Energy Conversion Devices (ECD) (Nasdaq:ENER) is a leader in
building-integrated and rooftop photovoltaics. The company
manufactures, sells and installs 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. Through its Solar Integrated Technologies business, the
company also designs, manufactures and installs rooftop
photovoltaic systems, which enable customers to transform unused
space on the rooftop into a value-generating asset. In addition,
ECD's Ovonic Materials Division is the pioneer in NiMH battery
technology, and is developing low cost fuel cells, hydrogen
production from bioreformation, and hydrogen storage technologies.
For more information, please visit
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 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 product. 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.
CONTACT: Energy Conversion Devices, Inc.
Tom Lang
734.953.3500
Accretion Acquisition (NASDAQ:ENER)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Accretion Acquisition (NASDAQ:ENER)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024