Solyndra—the California startup that fell into bankruptcy in 2011 following a flood of photovoltaic imports from Asia—earned a unique Department of Energy (DoE) loan guarantee for their innovative technology. That loan guarantee was at the heart of accusations levied at the Obama administration at the time for “picking winners” by subsidizing one company over others and that the company’s finances were in doubt. But the loan itself was for innovative technology—Solyndra’s unique design leveraging tubular solar bars rather than panels—and the loan and the company’s collapse happened in the midst of the collapse in photovoltaic prices driven by the flood of Asian imports that affected the whole solar industry.
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