AUBURN HILLS, Mich., May 5, 2011 (GLOBE NEWSWIRE) -- United Solar, a leading global manufacturer of lightweight, flexible thin-film solar modules and a wholly owned subsidiary of Energy Conversion Devices (Nasdaq:ENER), announced through its joint venture in United Solar Ovonic Jinneng Limited, a project to supply 565kW UNI-SOLAR® brand photovoltaic (PV) solar laminates for the solar power system on the roof of the Tianjin West Railway Station in Tianjin, P.R. China.
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"I am pleased to see that the solar PV product of the joint venture between United Solar and us will be installed on the Tianjin West Railway Station," said Jianping Wang, Chairman of United Solar Ovonic Jinneng Limited. "This project will demonstrate the unique characteristics of our joint venture's flexible thin-film modules in the Chinese PV market."
This 565kW solar product is expected to save more than $118,000 in annual energy costs and will provide a carbon offset of 670 metric tons per year. In addition, the annual energy generation is projected to be over 740MWh per year, enough to supply power to nearly 200 homes.
"United Solar is proud that its UNI-SOLAR-powered PV laminates have been selected to provide solar power to the Tianjin West Railway Station," said Mark Morelli, President and CEO of Energy Conversion Devices, United Solar's parent company. "This is the largest single installation of our joint venture's product in the Chinese market to date. We are confident that we are well positioned to capitalize on this growing solar market in the future."
Tianjin Jinneng Binhai New Energy Limited is the financial investor in this project and The Third Railway Design Institute is the primary contractor.
United Solar has more than 25 years' experience in the industry of solar power generation, is the largest manufacturer of lightweight flexible solar panels in the world, and has been awarded nearly 70 United States patents for various technological advancements. United Solar Ovonic Jinneng Limited is a joint venture between United Solar and the Tianjin Jinneng Investment Company.
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 clean, renewable 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. 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 energyconversiondevices.com.
CONTACT: Energy Conversion Devices Investor Relations Contact: Michael E. Schostak, Head of Investor Relations email@example.com (248) 299-6063 United Solar Public Relations Contact: Wendy Ventura, Marketing Communications Manager firstname.lastname@example.org (248) 299-6064