Energy Conversion Devices, Inc. (OTCMKTS:ENERQ) is a diversified technology company specializing in advanced materials and clean energy solutions. Founded in 1960 by inventor and entrepreneur Stanford R. Ovshinsky, the company has developed proprietary Ovonic™ materials that form the basis of thin-film solar products, advanced battery materials, and hydrogen storage technologies. Headquartered in Troy, Michigan, Energy Conversion Devices has positioned itself as a pioneer in sustainable energy systems, leveraging decades of research and development to address global energy challenges.
The company’s flagship business unit, Uni-Solar®, manufactures flexible thin-film photovoltaic laminates based on amorphous silicon. These lightweight, low-profile solar modules are designed for building-integrated photovoltaics (BIPV), off-grid power applications, and portable power solutions. In parallel, ECD Ovonics® focuses on nickel-metal hydride (NiMH) electrode materials, supplying cell manufacturers for hybrid and electric vehicle batteries as well as consumer electronics. Across both segments, ECD’s proprietary Ovonic technology platform enables scalable, low-cost production of sustainable energy products.
Energy Conversion Devices serves customers across North America, Europe, and Asia, partnering with solar installers, automotive OEMs, and industrial equipment manufacturers. The company’s thin-film solar installations range from commercial rooftops and parking canopies to specialty applications on RVs and marine vessels. On the battery side, its Ovonic NiMH materials have been licensed to major automakers and battery producers, supporting the adoption of hybrid electric vehicles worldwide. Additionally, ECD explores metal hydride alloys for hydrogen storage, contributing to emerging fuel cell infrastructure projects.
Leadership at Energy Conversion Devices reflects a blend of technical expertise and entrepreneurial vision. The late Dr. Stanford Ovshinsky, who served as chairman and chief scientist until 2012, guided the company’s innovation agenda for over five decades. Today, the executive team continues to advance ECD’s legacy, focusing on commercialization of next-generation energy materials and strategic collaborations that expand market reach. With a longstanding commitment to R&D and sustainability, Energy Conversion Devices remains at the forefront of materials science and renewable energy development.
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