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Sunday, September 04, 2011

Spectrawatt - Yet Another Solar Company Files For Bankruptcy Protection Just A Few Days Ago

No sooner than SBYnews publishes one list of Shuttered-Up solar businesses - yet another one files for Bankruptcy Protection.
 
This one is an Intel spinoff industry - SpectraWatt - and is located in upstate New York State.  They have furloughed 110 employees and shuttered their doors to.
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3 comments:

  1. AnonymousSeptember 4, 2011 at 9:48 AM

    Sorry their folding. solar stuff is a good idea, but to expensive.

    ReplyDelete
  2. AnonymousSeptember 4, 2011 at 11:42 AM

    Solar is not viable. It doesn't work. It didn't work 30 years ago and it won't work in the future.
    There is only so much energy in a square meter of sunlight (About 1000 watts at peak time on a cloudless day).
    Solar is like the seach for the fountain of youth. Nice thought but it doesn't work!

    ReplyDelete
  3. AnonymousSeptember 4, 2011 at 12:31 PM

    Everytime I turn around there is another report of a solar industry failing.

    If this is the suppose to be the wave of the future, then I guess there are going to be a lot of bankruptcy filings in short order.

    ReplyDelete

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