United Solar to Supply New Jersey Resources Clean Energy Ventures With a 870 kW BIPV System
30 9월 2010 - 10:00PM
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) –
announced today it has signed an agreement to supply a 870 kW
building-integrated photovoltaic system to New Jersey Resources
Clean Energy Ventures (NJRCEV).
Developed with United Solar's technical expertise, the system
will use thin-film laminates to generate clean, renewable energy
and help reduce the building's carbon footprint by up to 800 tons
of CO2 annually. United Solar is a leading global manufacturer of
UNI-SOLAR brand lightweight, flexible, thin-film, low impact and
low profile solar laminates.
"This project with New Jersey Resources Clean Energy Ventures is
an excellent example of like-minded companies working together to
provide clean, renewable energy that is not only cost-effective,
but also shows good stewardship of resources in the communities
where they do business," said Mark Morelli, President and CEO of
United Solar's parent company, Energy Conversion Devices.
NJRCEV will lease over 300,000 square feet of roof space from a
commercial warehouse owner for a period of 20 years and has entered
into a concurrent Power Purchase Agreement with the warehouse
owner. As a part of this $5 million project, NJRCEV will install a
new roof with state-of-the-art roof materials and UNI-SOLAR's
thin-film solar laminates, which will provide the dual benefit of
weather protection and clean energy. The solar system is expected
to provide nearly 90 percent of the building's electric needs and
help transform the facility into a green building.
The project is expected to be operational by January 2011 and
will create up to 25 direct and indirect jobs in the state.
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, 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
Investor Relations Contact:
Michael Schostak
248-299-6063
investor.relations@energyconversiondevices.com
United Solar
Media Contact:
Wendy Ventura
248-299-6064
pr@uni-solar.com
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