Solar Power System to Produce 15 Million Kilowatt Hours of Renewable Energy
Annually
ROCHESTER HILLS, Mich., July 8 /PRNewswire-FirstCall/ -- Energy
Conversion Devices, Inc. (ECD) (Nasdaq: ENER), announced today that its
UNI-SOLAR(R) thin-film flexible solar laminates will power the world's
largest rooftop solar power system. The 12-megawatt system is being
installed on GM's assembly plant in Figueruelas, Zaragoza, Spain and will
become operational in the fall of 2008. ECD will supply the solar laminates
through its wholly owned subsidiary, United Solar Ovonic, LLC.
When fully operational, the photovoltaic system will have a peak
capacity of 12 megawatts, producing as much as 15 million kilowatt hours of
"green" energy annually, enough to power approximately 4,500 homes. The
Zaragoza facility marks the third major use of UNI-SOLAR laminates by GM.
UNI-SOLAR thin-film flexible solar laminates also power GM parts warehouses
in Rancho Cucamonga and Fontana, California, two of the largest rooftop
solar power installations in the United States.
"We are pleased that GM is again using United Solar as its solar
provider, and that our UNI-SOLAR laminates are the product of choice for
the world's largest rooftop solar system," said Mark Morelli, president and
CEO of Energy Conversion Devices. "Our UNI-SOLAR laminates are an ideal
match for rooftop systems like this one, and we are proud to be a part of
this project."
"While there has been recent uncertainty about government incentives
for solar energy in Europe, and specifically in Spain, we have had great
success with our products throughout Europe, and this project expands our
presence in Spain where we see excellent growth opportunities for our
UNI-SOLAR laminates, especially in building integrated and commercial
rooftop applications," added Mr. Morelli.
GM partnered with Veolia Environnement, a world leader in environmental
services, Clairvoyant Energy S.L., the solar energy developer, and the
Government of Aragon to develop the Zaragoza renewable energy project. GM
will lease its roof space to Clairvoyant Energy and Veolia Environnement,
who will build, own and operate the rooftop solar installation.
About Energy Conversion Devices:
Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER) 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(R) 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.ovonic.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. Such forward-looking statements are based on assumptions which
Energy Conversion Devices (ECD), as of the date of this release, believes
to be reasonable and appropriate. ECD cautions, however, that the actual
facts and conditions that may exist in the future could vary materially
from the assumed facts and conditions upon which such forward-looking
statements are based. 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, could impact any forward-looking statements
contained in this release.
SOURCE Energy Conversion Devices, Inc.
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Related links:
http://www.ovonic.com
CONTACT:
Mark Trinske, Vice President, Investor
Relations and Corporate Communications of Energy Conversion
Devices, Inc., +1-248-299-6063, mtrinske@uni-solar.com
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