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Silicon Valley solar collector maker gets $197 million loan guarantee from Energy Department to build a 400-megawatt thin-film solar factory in Oregon.
Silicon Valley-based thin-film solar company secures a loan from the state of Oregon to build a manufacturing plant as it seeks to bring more products to market.
Silicon Valley-based company claims industry-first UL certification for solar modules made from thin-film CIGS material which are making their way to market from multiple suppliers.
Company releases flexible solar panels for commercial rooftops that use CIGS thin-film solar cells. They are lightweight and designed to be relatively easy to install.
These decal-like panels can go anywhere and don't lose any efficiency.
Abound Solar, which received a $400 million loan guarantee from the DOE, is betting on a shift to more efficient panels will allow it to survive an ongoing solar industry shakeout.
In the wake of Beacon Power's bankruptcy, other clean-tech companies with loan guarantees could be in for trouble, too.
commentary Lux Research analyst Matt Feinstein cuts through the noise on bankrupt solar company, and says Solyndra's inability to compete should not diminish the prospects of other U.S. solar players.
Solyndra received a big loan even though it couldn't keep up with the falling solar costs, but the loan guarantee program is still vital for scaling up new solar technologies.
SoloPower is said to have raised $200 million to ramp up manufacturing of CIGS thin-film solar cells, another hefty funding for alternative, cheaper solar technology.