Monday, November 7, 2011

Photowatt Bankruptcy

Photowatt is owned by ATS Automation. ATS made mistakes roughly 10 years ago and shut down the Albuquerque plant to reduce costs.  It must have been heart breaking because the US PV market just was gaining velocity due to the California incentive programs.  That was when the CEC incentive was still in the $4/w range.  Back in the day I used to show up at Photowatt and load modules into the old Zomeworks F-100 pickup I bought for $150.  Photowatt was the low cost provider at the time. Now Photowatt is in bankruptcy.  Harsh.  Expect more 2nd & 3rd tier manufacturers will be going out of biz in early 2012.

http://www.pv-tech.org/news/photowatt_france_filing_for_bankruptcy_ats_tooling_also_puts_photowatt_onta

1 comment:

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