#greenfail: Another Solar Firm Files

Russ Steele

Auburn Hills-based Energy Conversion Devices said today that it has filed for Chapter 11 bankruptcy and intends to sell its assets, including its main subsidiary United Solar Ovonic.

More details HERE.

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

2 Responses to #greenfail: Another Solar Firm Files

  1. sean2829 says:

    I think this is less of an indictment of the solar industry and more an example of how the government throwing money around screws up markets. First of all, they are an old company that is re-organizing rather than liquidating and they are eliminating some of their legacy costs. Second they had developed thin film panels for roof installations. (Solyndra technology was thin film as was another firm in Arizona that abandoned it. China’s massive investment in silicon solar cells, which are more efficient and due to the supply glut also very cheap has forced most companies who bet on the thin film technology out of business.) And third, this company applied for but never got a government grant to support their product development. So they had to compete not only with cheap Chinese imports but well financed grant winners with a pile government money. They may have been good at making solar products and been competitive prior to the DOE stimulus dollars flowing but they could not survive the disruption caused by all the money their competitors got but they did not because they were not good at government proposal writing.

  2. Todd Juvinall says:

    Could they use a worm farm generated solar infractor?

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