Another one bites the dust
And they just keep failing -- from the
MIT Technology Review:
Abound Solar: Another Solar Casualty
In a decision that will surprise few energy observers, Abound Solar, a Loveland, Colorado-based maker of thin-film cadmium telluride solar modules has announced it will file for bankruptcy protection and suspend its operation. It�s the latest failure of an energy company that had received funding under the Department of Energy�s loan program.
Although Abound had received a $400 million DOE loan guarantee for building solar-panel manufacturing in Colorado, the company says it has used only $70 million of the funding and has not used any DOE funds since August 2011. The company also had $300 million in private investments. Earlier this year, Abound has stopped manufacturing its solar modules and it says it had been unsuccessfully looking for a buyer over the last several months.
There is no green energy. Chasing after this unicorn is a financial rathole.
Everyone who has tried this has had an epic fail. Doing it faster and more-erer (whatever) will only accelerate and amplify the eventual epic fail.
Forget it -- this is a fantasy. It simply does not exist.
What people need to be pursuing:
Thorium Nuclear technology -- Intrinsically safe and only 300 year confinement of waste.
Fusion -- Intrinsically safe, no waste.
When these two are up and running, the oil business will be there to supply feedstocks to the plastics and pharma industries and precious little else (aviation, marine and long-haul transportation).
Posted by DaveH at June 30, 2012 9:54 PM