Abound Solar expects to sell about 30 megawatts worth of solar panels this year.
FORBES: Potential Competitor To First Solar Closes $400 Million Loan Guarantee, Raises $110 Million
Turns out that Abound Solar had been producing 630 pounds of cadmium-compounds waste every month.
FORBES: Oil & Gas Isn't Just One Of The Richest Industries, It's Also One Of The Safest
Besides First Solar, GE will also be competing with Abound Solar of Loveland, Colo.
That move followed the bankruptcy of another thin film producer in Colorado, Abound Solar, by just a week.
FORBES: Intermolecular's Solar Strategy Rising During Industry Eclipse
At least two other companies, car maker Fisker Automotive and solar panel manufacturer Abound Solar, have seen the government stop issuing loans.
Abound Solar could employ up to 850 people by 2013 at the 800, 000-square-foot plant at Ind. 28 and U.S. 31 in Tipton County.
Competitors like Colorado startup Abound Solar simply ran out of time.
FORBES: GE Halts Work On The U.S.'s Biggest Solar Factory To Return To The Lab
Young companies that were entering mass production of their technologies in order to compete effectively with larger rivals went bust, including Solyndra and Abound Solar.
FORBES: Report: 180 Solar Panel Makers Will Disappear By 2015
The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2, 000 construction jobs and 1, 500 permanent jobs.
The list included Solyndra, Abound Solar, Range Fuels, A123 Systems, and Amyris, which collectively have attracted billions of dollars of investments but have not delivered profitable results.
FORBES: Strategic Investor To Green Tech Startups: Get A Grip
The loan guarantee from the Dept. of Energy will enable Abound Solar to expand its manufacturing facility in Longmont, Colorado and expand to a new manufacturing plant in Tipton, Indiana.
FORBES: Potential Competitor To First Solar Closes $400 Million Loan Guarantee, Raises $110 Million
Dozens of solar manufacturers worldwide have filed for bankruptcy in the past two years, including U.S. companies such as Solyndra, Abound Solar, Evergreen Solar, Energy Conversion Devices and Konarka Technologies.
FORBES: Suntech Cuts Back Solar Production, Lays Off 50 In Arizona
The impact of this imbalance of supply and demand has affected everyone from industry stalwarts such as First Solar and SunPower to startups such as Solyndra and Abound Solar.
FORBES: Solar Startup SoloPower Undergoes Restructuring, Cuts Workforce
Effectively they will be guaranteeing loans for a solar power plant in Arizona to be developed by Abengoa Solar, and for a solar production plant in Colorado to be built by Abound Solar.
When the Indiana plant is complete (likely in 2014), it will be the largest solar manufacturing site in the U.S., with 640 megawatts of annual capacity, says Abound Solar Chief Executive Officer Tom Tiller.
FORBES: Potential Competitor To First Solar Closes $400 Million Loan Guarantee, Raises $110 Million
From there on the solar manufacturing world began to crumble and, along the way, we saw the demise of high-profile U.S. startups such as Solyndra and Abound Solar and the bankruptcies of long-time players such as Q-Cells in Germany.
So just give you a couple examples, just last week, Abound Manufacturing in Colorado received backing for two plants to produce solar panels.
Whether the market views SolarCity as a solar company or a financial one, opportunities and risks abound, as I wrote last month when the company made public its S-1 registration statement.
FORBES: SolarCity Prices Its IPO But Is It A Solar Company Or A Financial Firm?
应用推荐