Bloom Energy Microgrid Helps II-VI Inc. Grow Greener
Coherent Corp. 6.00% Series A Mandatory Convertible Preferred Stock (IIVI)
Last coherent corp. 6.00% series a mandatory convertible preferred stock earnings: 2/10 04:05 pm
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Source: Business Wire
SAN JOSE, Calif.--(BUSINESS WIRE)-- II-VI Incorporated (Nasdaq: IIVI), a Saxonburg based global leader in engineered materials and optoelectronic components, is lowering its carbon footprint, reducing water use and improving air quality with a new microgrid at its Warren, New Jersey manufacturing facility. Microgrids are electrical power systems which can operate independently of the electrical grid. The II-VI (“two-six”) microgrid addresses growing power needs at the company’s Warren facility, which has ramped up production in the past year to meet demand for its 3D sensing technology. With the local electric utility unable to supply more power quickly enough to keep up with its growth, II-VI sought an on-site grid-independent power solution to keep growing and to grow ‘greener’. II-VI selected California clean energy company Bloom Energy to build a 2.5 megawatt power system to support its growing op
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