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Solyndra rolled its CIGS thin films into a cylindrical shape and placed 40 of them in each 1-by-2-metre (3 ft 3 in by 6 ft 7 in) panel. Solyndra designers thought the cylindrical solar panels absorbed energy from any direction (direct, indirect, and reflected light). [40] Each Solyndra cylinder, one inch in diameter, is made up of two tubes.
Spinner started as a loan program advisor to Energy Secretary Steven Chu in April 2009, a month after the department had approved a conditional commitment for Solyndra’s loan guarantee. He left in September 2010. [ 23 ]
Fisker and Solyndra, for instance, each raised close to $1 billion in venture capital money. ... who oversaw the Department of Energy loan guarantee program from 2009 to 2011. "We've made it ...
Waxman, as the ranking member of the House Energy and Commerce Committee, oversaw the case of Solyndra, a solar company that filed for bankruptcy after receiving a $535 million loan guarantee from the DOE. Waxman recounted meeting with Solyndra's CEO two months before they filed for bankruptcy, who assured him that "Solyndra’s future was ...
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Signed into law by President George W. Bush in 2008, the program became synonymous with failed industrial policy after the collapse of high-profile recipient Solyndra.
Rapidly decreasing photovoltaic prices put General Electric's planned factory in Colorado on hold, [103] and led to the bankruptcy of Konarka Technologies, which had expected to produce 1,000 MW of solar modules per year by 2011, and Solyndra, which defaulted on a $535 million loan guarantee, prompting Republican members of the Energy and ...
Today, Intel threatens to become this administration's Solyndra (the solar company, which went bankrupt after getting more than $500m in government funding). This would be disastrous, both for the ...