Solyndra
Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide (CIGS) thin film solar cells based in Fremont, California. Heavily promoted as a leader in the sustainable energy sector for its unusual technology, Solyndra was not able to compete with conventional solar panel manufacturers of crystalline silicon. In 2009, the Obama administration co-signed $535 million loans to Solyndra.
| Company type | Start-up company |
|---|---|
| Industry | Energy |
| Founded | 2005 |
| Founder | Christian Gronet |
| Defunct | 2011 |
| Fate | Bankruptcy |
| Headquarters | |
Key people | Brian Harrison, CEO Bill Stover, CFO |
| Revenue | $100 million (2009) $140 million (2010) |
| Owner | George Kaiser Family Foundation, U.S. Venture Partners, CMEA Ventures, Redpoint Ventures, Virgin Green Fund, Madrone Capital Partners, RockPort Capital Partners, Argonaut Private Equity, Masdar and Artis Capital Management |
Number of employees | 1,100 (approx) |
| Website | Official Website (Archive from September 23, 2011) |
The company filed for bankruptcy on September 1, 2011.
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