Explaining Southern California's economy

Amonix: More woes for government-supported solar startups

Southern Nevada Water Authority (SNWA) River Mountains Water Treatment Facility, Henderson, NV, USA

Carlos Alejandro

Amonix panels at the Southern Nevada Water Authority. Amonix has hit serious financial troubles and will be closing a Las Vegas manufacturing facility.

Solyndra, a solar startup that went bankrupt last year, has become a poster child for what many conservatives think is a failed effort by the Obama Administration to support the U.S. cleantech industry. The story isn't as simple or straightforward as that, but it does bring up the debate anytime another green energy company with government funding gets into trouble.

That's what appears to be happening now with Amonix, a Seal Beach-based solar company that's been struggling in the tragic aftermath of the death of CEO Brian Robertson in a plane crash last year. The startup has laid off workers in California and is now shutting down a manufacturing facility in Las Vegas, according to the company. Some kind of "restructuring" looms, but it's unclear whether that means Chapter 11 bankruptcy or Chapter 7 liquidation. 

Read More...