Energy Conversion Devices Project to Cut Solar Cell Cost: $6M Cost- Shared Project to Develop Innovative Manufacturing Technology

U.S. Newswire, May, 2003

WASHINGTON, May 8 /U.S. Newswire/ -- Secretary of Energy Spencer Abraham announced today that the DOE's National Renewable Energy Laboratory (NREL) has awarded a subcontract to Energy Conversion Devices, Inc. (ECD) to develop new solar cell manufacturing technology. The contract provides matching funds for a research and development program aimed at lowering the manufacturing cost of solar cells. NREL will fund about $3 million of the approximately $6 million three-year subcontract, with ECD providing the balance of the funds.

"Solar power promises to be a significant source of electricity, and this project supports President Bush's National Energy Plan which calls for an increase in research and development of nature's power - - renewable energy resources," Secretary...

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