Low solar to electric conversion efficiency made Konarka difficult to compete. Bush and Obama admins. and Mass. Gov. Mitt Romney gave money to the company.
URL: http://www.green-energy-news.com/nwslnks/clips612/jun12005.html
Green living today
Sunday, June 3, 2012
Konarka Technologies Files for Chapter 7 Bankruptcy Protection.
Under chapter 7 proceedings, the company's operations cease and a trustee is tasked with liquidating the company's assets for the benefit of creditors. Creditors will be asked to submit their claims to the Bankruptcy Court and are unable to obtain payment from the company.
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