The sad reality of life is that not all good ideas end up easily implemented, and sometimes ideas you thought were good turn out to be not so good once they reach the light of day. The sad reality is that over 90% of companies started to produce something innovative here in the Silicon Valley fail. That's just how it works, not every idea works out. Even when ideas do work out, it may not be possible to sell the result for enough money to keep you in business -- I have, alas, worked for several companies that had great products but couldn't figure out how to make enough money from them to cover costs thus went out of business.
In the case of Solyndra, they thought they had an innovative way to increase the amount of energy obtained from solar panels. They found a bunch of backers, created product, and sold thousands of their solar modules. Unfortunately two things happened that utterly destroyed their business model: 1) New silicon wafer foundries came online, making flat solar panels ridiculously cheap even when built in America (and most solar panels sold here in America *are* built here in America, for the same reason that most cars sold here in America are built here -- because they're bulky and fragile and breakage on the long overseas voyage would kill you thus it's not cost-effective to ship them from overseas), and 2) scientists figured out ways to make silicon solar panels produce almost as much power as Solyndra's more expensive copper-gallium panels, thus eliminating most of their power advantage. Solyndra tried making their product cheaper and couldn't, the technology they used is inherently labor intensive to produce (unlike silicon wafers, the production of which is largely automated). So in the end, they had a good idea, but it didn't work out in practice, like so many other ideas, and they went out of business.
Just a normal business failure, in other words. Well, except for the fact that the loans they used to build their factory and buy their equipment were government-guaranteed loans, just like the mortgages of many millions of Americans. Solyndra applied for these "green energy" loans during the Bush Administration, and they were awarded early in the Obama administration, long before Obama had any of his appointees in place at the Department of Energy. Which means, of course, that it's all Obama's fault, and the government shouldn't be in the business of encouraging renewable energy anyhow, even though the vast majority of these "green energy" loans have performed well and Obama didn't have anything to do with the "green energy" program, that was a Bush-era program.
All of which is just utter nonsense. This nation's government has been involved in fostering critical industries since its beginning, when the Federalist government of George Washington imposed tariffs on British cloth in order to encourage the development of an American textile industry. And given that we have reached peak oil and will be transitioning to a mostly-electric infrastructure in the future, we need all the energy sources we can get -- and solar is one of the more cost-effective ones in the southern half of the country where solar panel output corresponds with daytime peak usage of electricity. So not every potential technology we look at turns out to be viable. So what. Thomas Edison made dozens of tries at a viable light bulb before he got one that worked, and the "green energy" program has a much better track record than that, indeed, has a much better track record than any private venture fund in the Silicon Valley. Using it as a political football is just playing chicken with the future of the nation, and regardless of your political affiliation should be viewed as utter nonsense.
-- Badtux the Technology Penguin



