Energy Conversion Devices News

In 2011, several US-based solar firms such as Solyndra, SepctraWatt, Evergreen Solar, and Energy Conversion Devices filed for bankruptcies.

Auburn Hills-based Energy Conversion Devices Inc. has fired two of its top executives as it continues to go through the bankruptcy process, according to a regulatory filing Thursday.

Some Blaze readers may already be familiar with BrightSource: it's the same "green" energy company that cancelled its initial public offering back in April, signaling that it had hit financial trouble.

As if there weren't enough bad signs for the solar industry these days, Energy Conversion Devices is cancelling the auction for United Solar Ovonic LLC as a going concern because of the failure to receive a qualified bid in the court-approved bankruptcy proceeding.

Shenzhen, China-based Trony Solar Holdings Co. Ltd. remains interested in United Solar Ovonic LLC, a manufacturer of thin-film photovoltaic solar panels and a subsidiary of Auburn Hills-based Energy Conversion Devices Inc.

Although Monday saw Energy Conversion Devices cancel its auction of subsidiary Uni-Solar for lack of qualified bidders on Monday, some US based solar companies still have value.

The solar energy product maker Energy Conversion Devices Inc. says it's cutting about 300 jobs as it cancels an auction of its solar panel unit.

Beleaguered solar panel maker Energy Conversion Devices is canceling a bankruptcy auction tomorrow for its Uni-Solar subsidiary, which operates two idled plants in Greenville .