Tagged: solar energy

Energy Conversion Devices, Inc., a technology company based in Auburn Hills, Michigan filed for Chapter 11 bankruptcy protection today.

The company makes thin laminates that convert sunlight to energy and "has manufacturing facilities in Auburn Hills and Greenville, Michigan, as well as sites in Mexico and Canada," according to the Wall Street Journal.

Michael Schostak, the director of business development at Energy Conversion Devices, was quoted in the WSJ saying the company intends to find a buyer in the reorganization process.

From the WSJ:

A coalition of business, labor and agriculture groups is backing a ballot campaign to boost the state’s renewable energy mandate.

Michigan utilities are already required to get 10 percent of their energy from renewable sources like solar and wind by 2015. The proposed constitutional amendment would boost that to 25 percent, by 2025.

"There’s 20 other states that include and Illinois, Minnesota and Iowa that have already adopted measures similar to the initiative, without significant increase in utility costs for consumers," said campaign spokesman Mark Fisk.

A spokesman for DTE Energy says it would be difficult to comply with the 25 percent mandate without a significant increase in rates. The proposed ballot language says utilities could not increase rates by more than one percent a year to comply with the mandate.

A state elections board is expected to decide whether to approve the ballot language this week.

AUBURN HILLS, Mich. (AP) - Solar energy product maker Energy Conversion Devices Inc. says it has temporarily suspended manufacturing and is planning about 500 job cuts.

The Auburn Hills-based company announced Tuesday that manufacturing has been halted because of excess inventory. The company says about 400 workers will be furloughed at its manufacturing facilities in Michigan, Mexico and Ontario, Canada.

The production cuts include United Solar Ovonic facilities in Greenville, where more than 140 layoffs recently were announced. Other Michigan manufacturing facilities are in Auburn Hills.

The company said that to help cut costs about 500 full-time job cuts were expected by the end of the year.

Energy Conversion Devices has been restructuring its operations since May. It said it expects to return to normal production levels within 60 days.

Dow Chemical first unveiled its solar shingle two years ago, with plans for a limited release in mid-2010.

Now the company announced that the shingles will be available to some customers starting this month. The company says they're starting in the strongest markets for solar this month. The shingles will first be available in Colorado, and a "rolling launch" will occur in markets from California to the "East Coast."

In a press release, Dow said the shingle "protects the home like a standard roofing shingle while providing energy that saves the homeowner money":

Dow can now serve the need of homeowners who want to go solar, but aren’t willing to accept the complexity and sub-optimal aesthetics currently offered by bulky, rack-mounted systems.

Booth Mid-Michigan reports that Dow Chemical CEO Andrew Liveris called Dow's solar shingle "a game changer that will address an estimated $5 billion market by 2015."

From Booth Mid-Michigan:

Dow hasn't reported a price for the shingles, but said the cost to homeowners will be set by the channel to market, and will depend on the size and configuration of the home and desired power generation. Dow officials said the cost of solar shingles can be thousands of dollars less than solar panels installed on top of a roof.