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Seagate has offered to buy the idle Solyndra plant in California, though the price is well below what it cost to build the facility, according to a report.
President avoids mentioning solar panel maker Solyndra's embarrassing collapse during his State of the Union address but nevertheless says it's time to "double down" on the idea.
In a showdown with Republicans, Energy Secretary Steven Chu says no political influence came into play in approving the DOE's $535 million loan guarantee to solar company Solyndra.
In advance of Energy Secretary Steven Chu's testimony to investigators, a House subcommittee releases e-mails indicating that DOE officials tried to hold off announcement of Solyndra's layoffs until after the November 2010 election.
Beacon Power, a flywheel storage company that received a government loan guarantee, said its storage plant will continue to operate as it seeks new sources of capital.
Brian Harrison, who was CEO when Solyndra declared bankruptcy and shut down, has resigned "as scheduled," the company says in court filings.
Newly disclosed e-mails reveal "a disturbingly close relationship" between the White House, campaign donors, and wealthy investors relating to Solyndra, say congressional Republicans.
analysis Political furor over the Solyndra bankruptcy has dealt a body blow to the idea that the government should try to help clean tech start-ups through the costly "valley of death" to commercial viability.
In an interview, Obama says loan guarantees to energy technology companies like Solyndra are necessary to compete internationally and support U.S. manufacturing.
The company will ask for permission to auction off its state-of-the-art factory built with more than $500 million from the federal government.