United Solar Ovonic Receives DOE Grant

Posted by SI Staff on August 07, 2007 No Comments
Categories : FYI

United Solar Ovonic LLC, based in Auburn Hills, Mich., has been awarded a cost-shared, three-year cooperative agreement by the U.S. Department of Energy (DOE) for the development of low-cost building-integrated photovoltaic systems. Under the cooperative agreement, United Solar Ovonic is expected to receive $4.6 million in federal funding through the completion of its first project budget period, which will be implemented through June 2008.

Upon successful completion of key project milestones and sustained execution of a viable business strategy, as much as $14.7 million in additional DOE funding will be made available for continued implementation of the project through June 2010, according to the company. The total potential funding from the DOE under the Solar America Initiative (SAI) is up to $19.3 million for this three-year project, subject to availability of funds appropriated by the U.S. Congress.

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