Select your localized edition:

Close ×

More Ways to Connect

Discover one of our 28 local entrepreneurial communities »

Be the first to know as we launch in new countries and markets around the globe.

Interested in bringing MIT Technology Review to your local market?

MIT Technology ReviewMIT Technology Review - logo

 

Unsupported browser: Your browser does not meet modern web standards. See how it scores »

{ action.text }

In a decision that will surprise few energy observers, Abound Solar, a Loveland, Colorado-based maker of thin-film cadmium telluride solar modules, has announced it will file for bankruptcy protection and suspend its operation. It’s the latest failure of an energy company that had received funding under the Department of Energy’s loan program

Although Abound had received a $400 million DOE loan guarantee for building solar-panel manufacturing in Colorado, the company says it has used only $70 million of the funding and has not used any DOE funds since August 2011. The company also had $300 million in private investments. Earlier this year, Abound has stopped manufacturing its solar modules and it says it had been unsuccessfully looking for a buyer over the last several months. 

21 comments. Share your thoughts »

Tagged: Energy

Reprints and Permissions | Send feedback to the editor

From the Archives

Close

Introducing MIT Technology Review Insider.

Already a Magazine subscriber?

You're automatically an Insider. It's easy to activate or upgrade your account.

Activate Your Account

Become an Insider

It's the new way to subscribe. Get even more of the tech news, research, and discoveries you crave.

Sign Up

Learn More

Find out why MIT Technology Review Insider is for you and explore your options.

Show Me