The Is A Solar Panel Manufacturing Company Essay

The Is A Solar Panel Manufacturing Company Essay

Length: 1674 words (4.8 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Solyndra
Solyndra is a solar panel manufacturing company that was supported by the Obama Administration that ultimately failed to deliver what they promised “Solyndra 's federally funded venture--with a price tag of $527 million, or about $1.68 for every man, woman and child in America--was supposed to be the litmus test of the Administration 's ability to fund "good projects quickly," according to a 2009 Energy Department e-mail” (Scherer, 2011). What made Solyndra’s technology better than all other solar panel manufacturers is they were manufacturing panels without silicon which is what makes solar panels so expensive. The new solar panels promised to bring in more business at a cheaper price to install. Shortly after receiving the Department of Energy Loan, Solyndra went bankrupt. Did Solyndra break the law and defraud the government? Did the Obama Administration do anything unethical? Did Solyndra act recklessly with the 535 million dollars they were given from the Department of Energy loan guarantee. Did China play a role in the failure of Solyndra?
Solyndra is a limited liability company (LLC). A limited liability company is a company that has members and not shareholders. In a limited liability company the members are not responsible for debts of the company. To become a limited liability company, the company must register with the government. “Registration also allows the government to monitor companies to execute its other functions in the business world” (Greechie, 2013). Solyndra has two patents for their solar panels. “Patents fall into three broad categories: utility, design, and plant patents. Utility patents are the most common type, requiring some kind of invention” (Hasl-Kelchner, 2006). Solyndra had a utility p...


... middle of paper ...


...ndra could not compete with China’s budget. If there had been more research and documentation before Solyndra requested the loan, Solyndra and the government would have known that China would take over the market for the new solar panels. The main people who lost in this situation was the American taxpayers. Solyndra used some of their own money, so they did lose some money, but they got lucky, as they did not have to pay back the millions they had borrowed. The government not only lost money, but also lost respect and trust from the American people. It also set the government’s “Go Green” campaign back. Solyndra was not the only company that received a Department of Energy loan and then filed bankruptcy. Some other companies that filed bankruptcy that received the Department of Energy loans and filed bankruptcy include Abound, Beacon Power and Ener1. (Markay, 2012)

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Essay The Solar Panels

- Introduction The year 2005 was the year of birth of the cylindrical solar panel manufacturing company-Solyndra based in Fremont, California. The company’s founder, Christian Gronet had a motive of growing the industry of energy through channeling his knowledge to this company. Based in California, the company played a key role in the growth of the technology as the power to enable the electronics is needed (Wood, 2012). Furthermore, the solar panels acted as one of the ways of supporting the use of the renewable sources....   [tags: Business ethics, Ethics, Solar cell, Bankruptcy]

Better Essays
1918 words (5.5 pages)

Essay on The Good Things About Solar Energy

- A. Good things about Solar Energy. Nowadays, they think about the economics to how become it rise. Here are some possible answers: If you invest properly in your solar power today and take advantage of Any grants and tax incentives, even if your electric Bill Do not Go up as they are forecast too, you will Get Your money back over time. Well, within the time of the equipment and sooner if there is a rate increase in the future. B. The sun has produce a tremendous resource for generating clean and sustainable electricity without toxic pollution or Global warming emissions....   [tags: solar panel, solar power, sustainable electricity]

Better Essays
895 words (2.6 pages)

Essay on Macroeconomic Analysis of Solar Panel Industry

- Macroeconomic Analysis of Solar Panel Industry Introduction This article provides the prospect of solar panel electric power generation industry, especially for the local part of the business that are to install the system. The solar panel industry mainly targets the installation in a small scale such as on a family house unlike other major power generation using coal, oil, hydraulic, or nuclear sources although the large scale solar panel power project plant using a vast land to place solar panels exit....   [tags: small scale, electric power]

Free Essays
1642 words (4.7 pages)

Essay on Science Research Project (Solar Energy)

- According to my research about solar energy I recommend that FPL develop more solar energy production facilities and assist individual homeowners in applying solar panels to their homes. My recommendation is based on many factors. One of the major factors for considering solar energy is that Florida is almost always sunny. There are about 8 hours of sunlight for a normal day and it seems logical to harness the sun’s energy for our needs. When storing solar energy it makes more sense to connect to a utility grid and sell the excess power to a utility company because the batteries that store solar energy are very expensive and large....   [tags: Solar Energy]

Better Essays
972 words (2.8 pages)

Solar And Wind Energy : Solar Energy Essay

- Solar and wind energies are under the category of renewable energy, in which energy comes from an inexhaustible source when used. Solar energy is produced using solar panels that capture the rays of the sun and convert them, through photovoltaic generation, into electrical energy (Hinrichs, 377-378). To make things short, the photovoltaic generations happens with the help the photoelectric effect, in which electrons and holes are produced when light shines on the negative plate of a solar panel (Hinrichs, 378)....   [tags: Wind power, Renewable energy, Fossil fuel]

Better Essays
1026 words (2.9 pages)

Microeconomic Analysis: Installation of Solar Panels Essay

- Microeconomic Analysis: Installation of Solar Panels Introduction The U.S. government has a plan intended to promote consumption of solar energy as an alternative source of energy (Hoover, et.al, 20012). A company known as1366 Technologies has received funding from the U.S. government to establish a plant for manufacturing of photovoltaic solar cells. A number of other solar manufacturers and power companies have received government funding ("under the stimulus funds from the 2009 American Recovery and reinvestment Act") to the tune of twelve billion dollars to establish sixteen solar projects (Glenn et.al, 2013: 374)....   [tags: US government plans]

Better Essays
2118 words (6.1 pages)

Investing Of The New York Stock Exchange Essay examples

- Investing in SolarCity (SCTY) Stocks are an important part of the economy. “A stock is an ownership share in a corporation. Each of these shares denotes a part ownership for a share owner, stockholder, or shareholder, of that company. Stocks are traded on exchanges all over the world, the largest is the New York Stock Exchange or NYSE (What Is a Stock?).” The economy and stock market are related to each other. When the economy is not doing very well, the price of stocks can go down. This has an impact on people....   [tags: Photovoltaics, Solar cell, Solar energy, Stock]

Better Essays
1167 words (3.3 pages)

The Company Specializes Solar Panel Essay

- SUNPOWER is the company specializes solar panel in California. For some reasons, the Board of Directors and CEO make a decision to move SUNPOWER company to New Mexico. The decision process will base on stakeholders and business concern. Stakeholders are important to the company. The implement decision will make by the group because the CEO and The Board of Directors believe the group decisions better than the individual. The facts: The Board of Director decides to move SunPower to New Mexico. The results of implementing the decision must be careful to evaluate....   [tags: Decision making, Decision theory]

Better Essays
1471 words (4.2 pages)

Essay on Components Of The Manufacturing Company

- A long-term supplier has begun to supply chips to the organization which are defective. The last shipment contained defects of 25%. While the organization has a contract, defective chips are costly this situation must be addressed yet it is also of great importance that the relationship be maintained. Goals The goal of the manufacturing company is to have the chip manufacturer provide top-quality chips as they manufacturer had done in the past. This shipment of defective chips received not only provided no value to our product but also proved costly....   [tags: Manufacturing, Industry]

Better Essays
1142 words (3.3 pages)

Solar Energy's Ability to Power our Future Essay

- Solar ability to power our future Abstract Solar Energy is the process of using the rays from the sun and transferring the energy into thermal or electric energy. A main contribution to solar energy is PV panels. The Solar panels are found in a variety of locations, but mostly found on roofs of buildings or other large surfaces. The panels are devices used to capture the solar energy transferring it into electric or heat energy. Solar energy is beneficial in numerous ways, including helping the environment....   [tags: Energy Solar PV Panel Electricity]

Better Essays
815 words (2.3 pages)