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<TEXT>
                                       UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C. 20549

                                  ------------------------

                                          FORM 8-K

                                       CURRENT REPORT

                           Pursuant to Section 13 Or 15(d) of the
                              Securities Exchange Act of 1934



Date of Report (Date of earliest event reported) August 12, 2004
                                                 -------------------------


                     ENERGY CONVERSION DEVICES, INC.
--------------------------------------------------------------------------
(Exact Name of Registrant as Specified in Charter)


    Delaware                       1-8403                38-1749884
--------------------------------------------------------------------------
(State or Other Jurisdiction      (Commission          (IRS Employer
 of Incorporation)                 File Number)         Identification No.)


 2956 Waterview Drive, Rochester Hills, MI                      48309
--------------------------------------------------------------------------
(Address of Principal Executive Offices)                      (Zip Code)


Registrant's telephone number, including area code    (248) 293-0440
                                                    ----------------------


--------------------------------------------------------------------------
         (Former name or former address, if changed since last report)






<PAGE>



      Energy Conversion Devices, Inc., a Delaware corporation, submits the
following report on Form 8-K.

Item 5.   Other Events
-------   ------------

      On August 12, 2004, Energy Conversion Devices, Inc. (ECD) announced a
strategic business restructuring to focus on accelerating the commercialization
of its products.

Exhibit Index
-------------

      99.1 Press Release issued by ECD announcing a strategic business
restructuring to focus on accelerating the commercialization of its products.


                                             2


<PAGE>



                                  SIGNATURES
                                  ----------

      Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                               ENERGY CONVERSION DEVICES, INC.

                               By:  /s/ Stephan W. Zumsteg
                                    -------------------------------------
                                    Vice President and Chief Financial Officer



Date: August 12, 2004

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991form8k081204.txt
<DESCRIPTION>PRESS RELEASE OF 081204, BUSINESS RESTRUCTURING
<TEXT>

            ECD OVONICS ANNOUNCES STRATEGIC BUSINESS RESTRUCTURING

        To Focus on Accelerating the Commercialization of Its Products

Rochester Hills, Mich., Aug. 12, 2004 - Energy Conversion Devices, Inc. (ECD
Ovonics) (NASDAQ:ENER) announced today that its Board of Directors has
unanimously approved Management's business restructuring plan to take full
advantage of the favorable battery settlement agreement announced on July 7,
2004 and the increasing market interest in solar energy systems and hybrid
electric vehicles.  The restructuring plan accelerates the company's
transition to an organization focused on commercializing its products and
technologies by concentrating on the activities of its joint venture
companies and its subsidiary United Solar Ovonic with the goal to move the
company into a position of having sustained profitability by July 2006.

"The restructuring will increase our product revenues while enabling us to
carry out major cost-reduction measures, including significant reductions in
the workforce to right size activities to support our core commercial
businesses," Robert C. Stempel, Chairman and CEO, said.  "ECD will manage a
reduced portfolio of advanced product development activities and a leaner R&D
team to grow future businesses."

The core commercial businesses on which the company is focusing are:

    o    United Solar Ovonic Corp. - a wholly owned subsidiary,
         manufacturing and selling its proprietary lightweight
         flexible Ovonic solar panels and photovoltaic systems for
         a variety of applications into a rapidly expanding market;

    o    Cobasys - a 50-50 joint venture with ChevronTexaco Technology
         Ventures LLC (ChevronTexaco) that manufacturers and markets
         proprietary prismatic Ovonic NiMH batteries for hybrid
         vehicles, telecommunications, and stationary energy-storage
         applications.  These battery systems are the enabling
         technology for the rapidly growing hybrid vehicle market;

    o    Ovonyx, Inc. - 41% owned by ECD, develops and licenses its
         proprietary Ovonic Unified Memory (OUM), a non-volatile memory
         technology that is currently being commercialized by Intel,
         STMicroelectronics and BAE;

    o    Texaco Ovonic Hydrogen Systems - a 50-50 joint venture with
         ChevronTexaco that is developing and commercializing its
         proprietary


                                   - more -



          reversible solid metal-hydride-based low-pressure hydrogen
          storage systems for a variety of stationary and
          transportation applications.

Robert C. Stempel, Stanford R. Ovshinsky, President and CTO, and James R.
Metzger, COO, are committed to implement the restructuring plan as quickly as
possible.  This will lead to a major change and simplification of the
organization, cascading from the new management roles announced in February
2004.  Jim Metzger will have full responsibility, accountability and
authority to execute the restructuring plan.

Commenting on ECD's commercial focus, Messrs. Metzger and Stempel in a joint
statement said, "Our strategy is to move ECD from a highly successful
research-oriented company to the next phase of development, which is to
commercialize the products we have developed and concentrate on growing sales
revenues and equity value in our core commercial businesses.  Our goal is to
move the company into a position of sustained profitability by July 2006."

Stan Ovshinsky said, "With these successes in place from our past research
and development activities, we must concentrate on getting the other products
under development to achieve the same successful results.  As we transition
to a more commercially focused business, we need to change the mix of skills
within the organization.  Despite our commitment to fast growth in our core
commercial businesses, we will unfortunately be losing some good people over
the next few months.  We appreciate our colleagues' many contributions to the
company and look forward to the future."

The market for photovoltaics is expanding at 20-25% annually and United Solar
Ovonic is experiencing strong demand for its products with sales up more than
70% in Fiscal Year 2004 compared to Fiscal Year 2003.  We anticipated this
growth when ECD acquired 100% of United Solar Ovonic in May of 2003.
Additionally, we believe that our aerospace business will add to further PV
revenues.

The successful battery settlement agreement among ECD, Ovonic Battery,
Cobasys, Matsushita Electric Industrial Co., Panasonic EV Energy (PEVE) and
Toyota Motor Corporation provides for technical cooperation between Cobasys
and PEVE and offers important advantages for Cobasys in North America.

ECD will continue its strategy to develop further advanced energy and
information products, form joint venture companies and strategic alliances to
transition these activities into commercial businesses, and further
strengthen its equity growth.  Increased license and royalty income will be
sought from its extensive Intellectual Property portfolio.  Non-core business
activities will be downsized, licensed or spun off to improve cash flow,
which will in turn help fund advanced development activities to provide
future innovative business


                                  - more -


opportunities, to maintain and extend the company's extensive Intellectual
Property base, and to transition new inventions into commercially viable
products.

ECD will hold a  conference  call,  ID#  9415335,  today at 10:30  a.m.  ET to
discuss  its  commercial  strategies.  Access  to the  call  can  be  obtained
by  calling  1.877.858.2512  or,  for  international  callers,   706.634.1291.
You may also  listen to the live  webcast  at  http://www.ovonic.com/investor,
where it will be archived for seven days.


About ECD Ovonics:
ECD Ovonics is the leader in the synthesis of new materials and the
development of advanced production technology and innovative products. It has
invented, pioneered and developed its proprietary, enabling technologies in
the fields of energy and information leading to new products and production
processes based on amorphous, disordered and related materials. ECD Ovonics'
proprietary advanced information technologies include Ovonic phase-change
electrical memory, Ovonic phase-change optical memory and the Ovonic
Threshold Switch. The Company's portfolio of alternative energy solutions
includes thin-film amorphous solar cells, modules, panels and systems for
generating solar electric power; NiMH batteries; hydride storage materials
capable of storing hydrogen in the solid state for use as a feedstock for
fuel cells or internal combustion engines or as an enhancement or replacement
for any type of hydrocarbon fuel; and fuel cell technology. ECD Ovonics
designs and builds manufacturing machinery that incorporates its proprietary
production processes, maintains ongoing research and development programs to
continually improve its products and develops new applications for its
technologies. ECD Ovonics holds the basic patents in its fields. More
information on ECD Ovonics is available on www.ovonic.com.

                                     ###

This release may contain forward-looking statements within the meaning of the
Safe Harbor Provisions of the Private Securities Litigation Reform Act of
1995.  Such forward-looking statements are based on assumptions which ECD
Ovonics, as of the date of this release, believes to be reasonable and
appropriate.  ECD Ovonics cautions, however, that the actual facts and
conditions that may exist in the future could vary materially from the
assumed facts and conditions upon which such forward-looking statements are
based.

Contact:
Dick Thompson, Media Relations
Energy Conversion Devices, Inc.
248.293.0440


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