Stion: Bankruptcy not in the plans

Company: Thin-film technology will create solar success; plant ribbon cutting set for Sept. 16

by Amy McCullough

Published: August 28,2011

Tags: Hattiesburg plant, ribbon cutting, Stion

As the photovoltaics industry took a hit with the bankruptcy of Evergreen Solar, Stion announced a Sept. 16 ribbon cutting for its Hattiesburg plant.

While some industry experts speculate more solar companies may also fail or move production to China, Stion and other manufacturers feel secure with thin-film technology.

Evergreen used solar wafer technology, which was favored by investors in 2007, because their efficient process used much less of the costly raw material polysilicon. Since that time, silicon prices have fallen significantly, making that advantage less meaningful.

While risk-taking and failure are part of the innovation process, Evergreen’s Aug. 15 bankruptcy is interesting because the company received a significant amount of support…

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