Energy Conversion Devices and Austin Energy to Build Austin's Largest Solar Rooftop on City Building
UNI-SOLAR Installation to Save 167,605 Kilowatt Hours of Electricity Annually
ROCHESTER HILLS, Mich., Oct. 27 /PRNewswire-FirstCall/ -- Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), a manufacturer of proprietary, thin-film amorphous silicon-based photovoltaic (PV) laminates, announced today that its UNI-SOLAR® laminates will be used to power a 136-kW solar photovoltaic rooftop system at the Austin Water Utility's Glen Bell Service Center in Austin, Texas.
On September 24, the Austin City Council granted approval for Austin Energy - the nation's 9th largest community-owned electric utility - to build the city's largest solar rooftop installation using lightweight and flexible UNI-SOLAR laminates. Beginning November 1, approximately 1,000 laminates covering 23,250 square feet of roof space will be installed on the Service Center.
"The Glen Bell Service Center recently replaced its worn roof with a new membrane roof. Our peel-and-stick UNI-SOLAR laminates are the ideal choice for a membrane rooftop solar solution since they can be quickly installed and do not make any holes in the brand new roof," said Mark Morelli, president and CEO of Energy Conversion Devices.
When complete, the 136-kW system will have a peak electrical output of 105 kW, with a capacity factor of about 18%. It is expected to reduce the Service Center's peak demand by about 24 kW and save 167,605 kWh annually, or enough power to provide electricity to 17 average-sized homes in Austin for an entire year.
About Austin Energy
Austin Energy is the nation's 9th largest community-owned electric utility, serving around 400,000 customers and a population of more than 900,000. Austin Energy powers the capital city of Texas through a diverse generation mix. Its portfolio provides nuclear, coal, natural gas, and renewable energy sources and creates over 3,000 megawatts (MWs) of total generation.
About Energy Conversion Devices
Energy Conversion Devices 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. 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 products; and risks associated with integrating Solar Integrated Technologies, Inc. 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.
SOURCE Energy Conversion Devices, Inc.
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