In Desperation, A123 Raises $39M
Lithium-ion battery maker A123 Systems on Friday announced plans to raise about $39 million in cash to shore up its finances as it struggles to survive in the midst of a massive recall of its...
View ArticleThe “No More Solyndras” Act
Republican lawmakers are formalizing their assault on Department of Energy (DOE) loan guarantees for young clean energy companies with the “No More Solyndras Act.” The tagline is: Legislation Will...
View ArticleThe Citigroup of China? LDK Solar Now Owned by Chinese Government
LDK (NYSE: LDK), based in China, is one of the world’s largest producers of solar wafers, as well as a manufacturer of high-purity polysilicon. But, the solar industry is painfully oversupplied, and...
View ArticleSiemens: Still in the Solar Game
If you were to google “siemens solar” right now, you’d probably see a number of damning headlines regarding Siemens’ role in the solar industry. This last Monday, the 22nd of October, Siemens AG made...
View ArticleWill Sharp Exit Solar?
Sharp Corporation may end production and sales of solar cells and modules in the U.S. and Europe by March as part of a restructuring, according to reports from Bloomberg and Reuters news. Japan’s Sharp...
View ArticleMore Problems at A123 Systems
Lithium Ion battery maker A123 Systems (NASDAQ:AONE) recently said in its 8K filing with the SEC that many events have raised “substantial doubt on [its] ability to continue as a going concern.” Back...
View ArticleWill The Remaining Thin Film Solar Companies Make It?
While the solar bankruptcies that have been going on for the last year or so are nothing new, the pace has recently accelerated. With even the biggest thin film manufacturer, First Solar finding its...
View ArticleRIP: Abound Solar
The DOE confirmed that Abound will be closing its doors and declaring bankruptcy next weekin a posting on its website today. The post noted, “Because of the strong protections we put in place for...
View ArticleWhy the Abound Solar Bankruptcy Wasn’t Surprising
The news report on Department of Energy informing of Abound Solar demise surprised many people and led to the usual media excitement of Obama’s faulty loans to cleantech companies. However to any solar...
View ArticleRIP: ArrayPower
In 2008, I came across a slide deck circulating among VCs on Sand Hill Road from a PV panel electronics firm with an interesting patent, four unsalaried employees, and no funding. The buzz called it an...
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