Company makes cheaper solar wafers, wins $150M loan from DOE(bostinnovation.com)
bostinnovation.com
Company makes cheaper solar wafers, wins $150M loan from DOE
http://bostinnovation.com/2011/06/20/mass-solar-co-wins-150m-loan-from-dept-of-energy/
4 comments
I want to root for companies like this in the way that other people like to root for sports teams.
Now, I just hope that they too won't move their production base to China after taking the DOE grant like Evergreen Solar had done after taking the $43million grant from MA.
Link: http://www.nytimes.com/2011/01/15/business/energy-environmen...
Bit of a flame bate comment.
China's gov wanted to be #1 in solar and their factories were undercutting Evergreen solar so it was either move the factory or go bankrupt. My uncle worked at the factory and while he doesn't like it (he lost his job) he agrees with the reasons.
China's gov wanted to be #1 in solar and their factories were undercutting Evergreen solar so it was either move the factory or go bankrupt. My uncle worked at the factory and while he doesn't like it (he lost his job) he agrees with the reasons.
I for one, am in favor of the DOE accelerating innovative companies in breakout industries.
If they are truly breakout industries, do they need taxpayers' money? If they are promising, where are the VCs?
The initial motivation is that it reduces the stress on their energy (read: oil) supply chain, but they've found that adopting solar is also cutting down on the number of batteries each soldier has to carry to power the gadgets that have become part of modern warfare.
http://hereandnow.wbur.org/2011/06/06/military-solar-power (the meat of the story is actually in the audio, the text is just a brief summary)