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The company, a victim of a worldwide glut in solar panels, missed a $541 million bond payment and was forced into restructuring on Wednesday.
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Of all the individuals in President Obama's first-term Cabinet, Energy Secretary Steven Chu was arguably the least likely to be found in official Washington. And now that the Nobel Prize-winning physicist is leaving government, there are a few reasons that understanding his legacy might take some time.
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SoloPower is on its way to receiving a loan of $197 million from the Energy Department — the same kind given to now-bankrupt Solyndra. But SoloPower has to meet a number of benchmarks before tapping into the fund, and one step toward that is the opening of a new plant in Oregon on Thursday.
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Executives of the now bankrupt Longmont-based Abound Solar faced tough questions by US House Republicans Wednesday during testimony before an Oversight…
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In his State of the Union speech, President Obama called for more domestic oil and gas production, saying that "a future where we're in control of our own energy" is within reach, where the nation's security and prosperity would not be so closely linked to unstable parts of the world.
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The spot isn't just a defense of the president's energy policy, including loan guarantees to green energy companies like the failed Solyndra. It's also a defense of his ethics.
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In Arvada today, the Obama Administration’s top energy official warned that China will continue to dominate the solar panel manufacturing market unless…
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The Obama administration's point man on energy issues is on Capitol Hill to defend the $528 million in federal loans made to the now-bankrupt solar energy company.
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Steven Chu says even in hindsight, he sees no way his department could have known the solar energy company would go bankrupt.