DOE-backed Abound Solar cuts factory line
Abound Solar, a startup that received a Department of Energy loan, said this week that it will shut down one of its production lines and accelerate plans to make a more competitive solar panel.
As part of the change, the company will cut 180 jobs in Colorado, where it is based. Abound Solar makes solar panels with thin film cells made from cadmium telluride, the same material used by First Solar and General Electric.
In late 2010, Abound Solar secured a $400 million loan guarantee from the DOE to boost its production in Longmont, Colo., and build a new factory … Read more
