Archive for July 20th, 2012

Credit: J. N. Stuart, CC BY NC ND 2.0

If you’re keeping score at home, another green tech firm funded by you, courtesy of the Obama administration, has gone belly up, taking your money along with it. This time, it’s Indiana-based Abound Solar, which, according to CBS News,was “number 17 on the White House’s 100 Recovery Projects That Are Changing America list.” The company recently filed for bankruptcy.“Abound Solar was approved for a $400 million dollar taxpayer loan guarantee under the same program, as did now-bankrupt Solyndra,” CBS News reported, noting that fortunately, not all of the $400 million was paid out, but $70 million is very likely gone. Read the rest of this entry »