Possible Layoff or Worse at Nanosolar

19 Feb

It sounds like another solar company may be on its way out. An anonymous caller to the San Jose Mercury News said Monday that Nanosolar laid off 75 percent of its workforce Friday.As of yet no one has been able to confirm this, all we have is Susan Lehman, a public relations for the company wrote this “Nanosolar did experience a workforce reduction last week, At this time, the company is in a quiet period and will not be issuing any formal statements.”Now, folks, I hate to beat a maybe dead horse but a statement like that is something I would expect out of a grade school teacher, not a solar power company.As far I can find there are no government grants/loans to Nanosolar but I’m still checking that out. But there are some big hitters that have invested into Nanosolar that may be taking a hit Investors included Mohr Davidow Ventures, OhanaHoldings LLC and Arsenal Venture Partners,input 70 million into the company in June of 2012.

The sad truth is back in Feb of 2012 Nanosolar was considered a long shot as a start-up. A report released last Jan of 2012 by Lux Research said as much. I will update this as I find out more



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Posted by on February 19, 2013 in tech


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