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Abound Solar and the Curse of the DOE Loan Guarantee

A few months ago we published an article that asked "What is Really Happening at Abound Solar?"

We've just learned the bad news and maybe some good news.

Abound is halting production of its first generation 10.5 percent efficiency cadmium telluride (CdTe) PV module in order to transition to building its next generation, higher efficiency module. That's the good news. The bad news is that the transition will result "in the temporary reduction of approximately 180 permanent jobs" from its Loveland, Colorado prooduction facilities, according to a release and FAQ from the firm, a beneficiary of a $400 million DOE loan guarantee.

"What is Really Happening at Abound Solar?"

We were prompted to ask that question because despite the firm's optimistic pronouncements on efficiency, sales, and capacity -- the company was on its third CEO and two of its senior staff, Russ Kanjorski, VP of Marketing and Julian Hawkins, Senior VP had left to join Semprius and the
[Published in GreenNews - Read the original article]