Solyndra Has A Cousin In Poorhouse

The New York Times2011-11-18:                      At a hearing on Thursday that lasted all of five and half hours, Republicans on the House Energy and Commerce Committee grilled the energy secretary, Steven Chu, on the bankruptcy of the solar manufacturer Solyndra and asked what other loan recipients might be in financial trouble. Dr. Chu named only one other company, Beacon Power, which borrowed $39 million and entered bankruptcy late last month. In remarks to reporters after the hearing, Dr. Chu tied the two companies together, although they are in different lines of business. Solyndra, based in Cupertino, Calif., built solar modules for rooftops, and Beacon…                     more »

Photo: Wikipedia

 

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~ by narhvalur on November 18, 2011.

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