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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.
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.
Brian Harrison, who was CEO when Solyndra declared bankruptcy and shut down, has resigned "as scheduled," the company says in court filings.
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.
The political uproar over failed solar company Solyndra risks eroding support for valuable clean-energy technology programs and could starve promising solar companies of financing.
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.
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.