Wednesday, July 18, 2012

Another Green "Investment" Goes Down The Toilet

After $14.7 million of taxpayer dollars, Amonix goes belly up after only 14 months.
The Amonix solar manufacturing plant in North Las Vegas, subsidized by federal tax credits and grants, has closed its 214,000-square-foot facility about a year after it opened.

Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week. The company began selling surplus equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday.

A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits for the North Las Vegas plant and a $15.6 million grant from the U.S. Department of Energy in 2007 for research and development.


Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home