Rochester Hills-based Energy Conversion Devices Inc. has announced that revenue in its second fiscal quarter nearly doubled since the same quarter last year. To be precise, revenue rose to $103.1 million from $56.4 million the same quarter a year earlier. First quarter revenue was $95.8 million.
ECD manufactures and sells thin, flexible solar cells laminated on rolls of steel that can be mounted on the rooftops of commercial or (I assume) residential buildings.
Their Ovonic Materials Division makes a number of really cool products from hydrogen fuel cells to bioreformation devices (corn, switchgrass, etc. to hydrogen).
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Novi-based ITC Holdings Corp. announced on Monday plans to build "The Green Power Express", a modernized grid of electric transmission lines to carry power from wind rich regions of the Midwest to population centers. According to the project's website, this does not yet include delivering power to Michigan. However, the website also stated that an application to participate in the Midwest ISO MTEP process. For those not familiar (I wasn't), it's a regional plan for upgrading power infrastructure in the Midwest that has been ongoing for a while now. Several (if not all) Michigan based utility and transmission companies are currently a part of this project.
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