Another DOE-Backed Solar Company Goes BankruptHeritage.org
Oct. 22, 2012
Trump Was Right: Jewish Teen Arrested For Bomb Threats To Jewish Centers
Al Jazeera Viewers 'Reacted To London Terror Attack With Joy'
Carlson: "U.S. Has Imported A Foreign Criminal Class That Operates A Multi-Billion Dollar Drug Trade"
'These People Are Waging War On Us!' Tommy Robinson Schools Reporter At Scene Of London Terror Attack
UK Journalist Hails 'Magnificent Diversity' Of Those Killed In London Terror Attack
A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.
Satcon Technology Corp. announced the decision in a Wednesday news release. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said. “After careful consideration of available alternatives, the Company's Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”