Pat Stryker

Emails Show White House Exerted Pressure for DOE Loan to Abound Solar

Submitted by Paul Chesser on Mon, 10/29/2012 - 10:03

Abound logoThe claim that the many beneficiaries (like Solyndra and Fisker Automotive) of President Obama’s green energy stimulus program received their millions of taxpayer dollars based on measurable metrics rather than political favoritism has always been undermined by the circumstantial evidence, but documents obtained by Complete Colorado indicate the White House applied direct pressure to its own Department of Energy to reward (another) one of its allies.

DOE Hiding Truth About Bankrupt Abound Solar's Defective Panels

Submitted by Paul Chesser on Wed, 10/10/2012 - 23:46

Abound logoAs the now-bankrupt stimulus loan recipient Abound Solar filed for Chapter 7 (liquidation) bankruptcy in early July thanks largely to its defective modules, the Department of Energy still praised the company’s work as “innovative” and cost competitive, all while it blamed Abound’s failure on China for dumping underpriced panels on the market.

And now, despite the fact that Abound no longer exists, DOE is still withholding public information about the company because it claims it would harm the inactive business’s competitive edge by disclosing trade secrets.

DOE's Derelict Judgment Makes Abound Solar a Tax Scofflaw

Submitted by Paul Chesser on Wed, 08/15/2012 - 13:59

Abound logoBankrupt manufacturer Abound Solar, which is liquidating despite having received $70.9 million in taxpayer-backed loans from the Department of Energy, may leave government services in its former Weld County, Colo. home in trouble because of diminished property tax revenues.

Yet Another DOE Green Failure as Abound Solar Goes Bankrupt

Submitted by Paul Chesser on Fri, 06/29/2012 - 10:05

Abound logoThe next time a green energy company announces it is intentionally slowing down for a transition phase, or that a technology breakthrough is just around the corner, or that all that’s needed for future success is just a little more taxpayer “investment” – don’t believe it. It's likely a lie.

Surprise! Another DOE Solar 'Bet' Produces Green Job Losses

Submitted by Paul Chesser on Thu, 03/01/2012 - 10:16

Abound logo

Yet another solar company that received loan guarantees from the Department of Energy has dismissed factory workers, lopping off 70 percent of its U.S. employees. Loveland, Colo.-based Abound Solar announced Tuesday it would lay off 280 workers at its production plant near Longmont, leaving 120 still employed. The start-up (2009) company attributed the cutbacks to the need for upgrades at the plant to manufacture more efficient solar panels, with plans to restore production levels and rehire most employees within six to nine months.

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