Press Release from Mitsubishi Electric & Electronics USA
May 9, 2005 Photo: Mitsubishi Electric |
"PV systems can save money, and they're not impacted by price fluctuations in the energy market."
Mitsubishi Electric's entry into the US market comes at a time of increasing
awareness and acceptance of alternative energy sources, particularly in
California and the southwest.
"As its benefits become more defined and quantifiable, people are becoming
more receptive to alternative sources of energy, especially solar energy,"
explains Vern Kowitz, manager for Mitsubishi Electric US' photovoltaic division.
"PV systems can save money, and they're not impacted by price fluctuations
in the energy market. Also, many people are motivated by PV's positive impact on
the environment and society. And many states, even the federal government, offer
incentives for installing PV systems in homes and businesses, which will
generate even more interest."
Designed for both commercial and residential applications, Mitsubishi Electric's
PV modules contain lead-free solder. Instead of lead solder coating for the
cells, Mitsubishi Electric developed silver electrodes that offer superior
weatherproofing and higher PV module conversion efficiency.
Currently, Mitsubishi Electric offers dealers and distributors two module
options: 110 watts and 165 watts. According to Kowitz, inventory will be geared
up in time for the spring installation season.
Mitsubishi Electric is recognized as a world leader in solar energy technology.
The company began building solar-powered satellites in the 1970s, and recently
expanded its Japanese factories' module production capabilities in response to
growing worldwide demand. In March 2004, the company introduced its new module
for the stand-alone PV electricity generating system, which will be sold in
areas of the world where electrical infrastructures are insufficient or
non-existing.
For more information about Mitsubishi Electric PV systems, visit
www.MitsubishiElectric.com, or call 714.229.3814.
Mitsubishi Electric Photovoltaic Systems Division is part of Mitsubishi Electric
US Holdings, Inc., which represents roughly a dozen companies that market an
extensive line of consumer, commercial and industrial electronics products.
These include semiconductor devices; high-definition televisions, DVD players
and VCRs; stadium display screens; automotive electronics; elevators and
escalators; heating and air conditioning systems; factory automation equipment;
power products and systems; and other items. To learn more about the full family
of Mitsubishi Electric US products, visit www.MitsubishiElectric.com.
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