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Technology Stocks : Energy Conversion Devices

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From: gcrieff	6/26/2008 12:13:56 PM
	of 8393

anyone know if this is a SIT install? chevron are involved? bizjournals.com Bank of America Corp. and Chevron Corp. subsidiary Chevron Energy Solutions are working with the Milpitas Unified School District on a solar power and energy-efficiency program designed to provide three-fourths of the district's total electricity needs through solar energy. Milpitas Unified, which serves just under 10,000 K-12 students, is installing solar power at 14 sites throughout the district. The 3.4-megawatt system will supply 100 percent of the district's power during the summer period. San Ramon-based Chevron's (NYSE: CVX) Chevron Energy Solutions will build parking canopies and shade structures mounted with solar photovoltaic arrays at 13 schools and one district site. CES will provide maintenance for the solar power system as well as measure and guarantee its performance. CES will also install energy management software on the district's computers to improve energy efficiency. The solar system and related energy-efficiency improvements are designed to reduce the district's energy costs by more than 22 percent and will result in $12 million in savings for the district's general fund over the life of the solar power system. The solar project will also reduce carbon emissions by an estimated 23,600 metric tons, the district said. The solar arrays can also function as an on-site laboratory to provide science and alternative energy education for students. Bank of America (NYSE: BAC) structured and provided financing for the project through its Leasing Energy Services team. Rebates and incentives offset the overall cost of the program by $4.2 million. The project is scheduled to be completed by the end of the year.

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