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United Solar Wins Italy Order

United Solar Ovonic, a subsidiary of Energy Conversion Devices, Inc. (ECD) (Nasdaq: ENER), has received two orders totaling over $5.8 million of photovoltaic (PV) products from Unimetal S.p.A to be delivered before September 2007. Unimetal, a supplier of sheet metal roofing materials based in Torre San Giorgio, Italy, will integrate the UNI-SOLAR® flexible solar products in its steel metal roofing products for distribution in Italy, France and Spain. “With the new feed-in tariff recently approved in Italy, there is a preference for building integrated photovoltaic installations, which received the highest incentive levels. Our OEM agreement with Unimetal follows our overall strategic plan to expand our presence in emerging markets like Italy,” said Maarten van Cleef, Key Account Manager of United Solar Ovonic for Southern Europe. “Unlike traditional crystalline technology, which typically uses heavy, glass panels, UNI-SOLAR® products are flexible, durable, lightweight, and easy to install. Because of these characteristics, UNI-SOLAR® products offer the ideal solution for building integration. Additionally, independent studies in Europe and elsewhere have shown that our triple-junction products deliver more energy per rated power than the conventional crystalline products,” said Salama Naguib, Vice President – Global Sales & Marketing of United Solar Ovonic. Website: http://www.uni-solar.com     

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Global Renewable Energy ETF Goes on NYSE

To emphasize the importance of drawing capital into the alternative energy sector, Andrew Karsner, Assistant Secretary of Energy for Energy Efficiency and Renewable Energy, will ring The Opening Bell on the NY Stock Exchange Wednesday, May 9. The morning marks the opening of the NYSE listing of the Market Vectors – Global Alternative Energy ETF (NYSE: GEX), an exchange-traded fund (ETF) that offers investors convenient exposure to a broad spectrum of the global alternative energy industry. Sponsored by New York investment management firm Van Eck Global the new ETF will seek to track, as closely as possible, before fees and expenses, the performance and yield of the Ardour Global Alternative Energy Index (AGIXL). The index consists of the shares of 30 public companies from around the world involved in alternative and renewable energy (solar, wind, geo-thermal, etc.) and related technologies.

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More Climate Legislation Introduced: Clean Fuels, Coal, Carbon Tax

U.S. Senator Barbara Boxer (D-CA), Chairman of the Senate Committee on Environment and Public Works, introduced “The Advanced Clean Fuels Act Of 2007,” which sets a goal of increasing the volume of clean transportation fuels to as much as 35 billion gallons by 2025. Senators Susan Collins (R-ME) and Joseph Lieberman (ID-CT) joined Senator Boxer as cosponsors of the measure. ” Significantly increases the amount of advanced clean fuels in the nation’s fuel supply by requiring increasing volumes of fuels that have low greenhouse gas emissions and that are produced in an environmentally sound way. ” EPA is required to increase the Renewable Fuels Standard from 12 billion gallons in 2011 to as much as 35 billions gallons by 2025. o To count towards the Renewable Fuels Standard, fuel must be at least 20% better than gasoline in terms of greenhouse gas emissions. o The Renewable Fuels Standard would also require increasing volumes of fuels that are at least 50% and 75% better than gasoline in terms of greenhouse gas emissions. ” The National Academy of Sciences will periodically study the environmental and other impacts, and the energy independence implications of increasing the amount of advanced clean fuels in the […]

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