Amonix has a bad case of Solyndra
Amonix
Amonix, a company based in Seal Beach, California, manufactures panels for concentrating photovoltaics (CPV) solar power.
The Obama administration's support for clean tech—not to mention the taxpayer dollars it's committed to help the industry—is taking another hit with troubles felt by the firm Amonix. Expect to hear more about this Seal Beach, California company in the coming weeks as some will invariably dub it Solyndra Part Two.
Solyndra, of course, is the Silicon Valley solar panel manufacturing operation that began in 2005, got $535 million in federal loan guarantees in 2009, got another $75 million in early 2011, and then declared bankruptcy later that year. It's become a favorite campaign hit by Mitt Romney against Obama in this year's presidential contest.
Amonix isn't in quite the same dire straights as Solyndra, but it's certainly not healthy. The company has had a run of bad luck—its CEO, Brian Robertson, died in a plane crash last year. It announced Thursday that it was shutting down a 214,000-square foot plant in Nevada. It's laid off workers and faces some form of reorganization, though hasn't declared bankruptcy.
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