This company didn't suck up quite as much money as Solyndra ... only $70 million before the plug was pulled on its $400 million Fed loan guarantee ... but at least Solyndra was supposed to produce a superior product, if it could have found a way to survive.
Abound Solar was a total boondoggle.
The video attached to the article shows one of their panels burning and cracking in the hot sun.Quote:
Internal documentation and testimony from sources within Abound show that the company was sellinghttp://images.intellitxt.com/ast/adTypes/icon1.png a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat.
“Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The Daily Caller News Foundation.