Energy Conversion Devices
The bankruptcy trustee for a failed solar panel manufacturer in Oakland County has sued three Chinese competitors for price-fixing and dumping below-cost solar panels into the United States market.
Energy Conversion Devices Inc. (OTC: ENERQ.PK) and its wholly-owned subsidiary United Solar Ovonic LLC last week announced that the United States Bankruptcy Court for the Eastern District of Michigan has confirmed its Second Amended Joint Plan of Liquidation.
The sale of United Solar as a going concern won’t happen. Its parent company, Energy Conversion Devices, Monday announced that the assets related to the United Solar Ovonic LLC thin, flexible solar panel business will be sold at auction June 26.
Citing high debt and legacy costs, Energy Conversion Devices Inc. and its solar panel manufacturing subsidiary United Solar Ovonic LLC filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Eastern District of Michigan.
Energy Conversion Devices Inc. said this week that production has been suspended at its Uni-Solar thin film solar panel plants based on a glut of supply in the industry.
The company is laying off 300 employees, most of whom work in Michigan. That’s one-fifth of its work force.
Auburn Hills-based United Solar announced Monday that the National Renewable Energy Laboratory has confirmed an initial 12 percent conversion efficiency of a large-area solar cell using Uni-Solar proprietary Nano-Crystalline silicon. To date, this is the highest large-area cell efficiency confirmed by NREL for thin-film silicon PV technology.
Solar Integrated Technologies GmbH, a subsidiary of Rochester Hills-based Energy Conversion Devices (Nasdaq: ENER), and the New York City-based power company ContourGlobal have made rapid progress on green energy solutions on four different sites of Athens, Greece-based Coca-Cola Hellenic Bottling Co. S.A. using thin-film photovoltaic modules powered by United Solar, another ECD company
Auburn Hills-based United Solar, a subsidiary of Rochester Hills-based Energy Conversion Devices Inc., Wednesday announced it received the Certified Green Business designation
Rochester Hills-based United Solar, a subsidiary of Energy Conversion Devices Inc., announced the completion and operation of a solar power project on the rooftop of the Moon Palace Hotel in Cancun, Mexico, host site for the United Nations Climate Change Conference. This important global event will attract about 20,000 participants from nations around the world. They will gather in Cancun Nov. 29 – Dec. 10, with the objective of discussing future commitments to reduce global greenhouse gas emissions.