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Department of Defense Funds $53M Solar Program

November 3, 2005   |   7 Comments

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"I applaud DARPA for recognizing the tremendous potential of solar energy to provide reliable electricity to our troops in the field and to improve our energy security here at home."

-- Rhone Resch, SEIA president
7 Reader Comments
Comment
1 of 7
November 3, 2005
By the way, another misconception.
AstroPower was not taken over by GE.
AstroPower went bankrupt; some of the assetts were sold 'in a fire sale' to GE.
Investors lost everything! Let's get our
facts straight, please.
Comment
2 of 7
November 3, 2005
Bill Yerkes is wrong on several counts:

AstroPower may have been a venture,
but that does not excuse it from obeying the
securities and exchange laws of the United
States. These are not optional, even for solar cell companies. The company overstated earnings, hid losses and deceived investors. The SEC has an ongoing investigation which should lead to criminal charges against the AstroPower management. This, in addition to two law suits by investors. What's my good idea? you ask. How about this: Businessman are not above the law, and should be punished when they break the law. Maybe you think reporting 28 consecutive profitable quarters to lure investors in, then refusing to file mandated financial reports for two and a half years, and then walking away and leaving the place in bankruptcy, totally screwing employees, suppliers, creditors, and stock holders is acceptable behavior, even for a solar company, but I assure you, the general public does not!
Comment
3 of 7
November 3, 2005
Dursun Sakarya,

You comment about StroPower "wasting" $30 million in taxpayers money is really naive. AstroPower was not a waste, and they contributed a great deal to the American use of photovoltaics integrated on rooftops. AstroPower was a VENTURE and in America that means take a chance. Most ventures don't work, but AstroPower has continued on as GE Solar right where Alan Barnett left off. He and the team at Astropower did they very best they could and I believe it was a great contribution to our industry. Alan has returned to U Delaware now and is continuing to use his creative start-up abilities and connections to make something happen. What's your good idea, if you have one, go for it.

Good luck, Bill Yerkes,
Founder of ARCO Solar (now Shell Solar). CTO Solaicx, Making something happen.
http://www.solaicx.com
Comment
4 of 7
November 3, 2005
The Pentagon spends more than this on paper clips!
Comment
5 of 7
November 3, 2005
Investors were defrauded out of about $100 million dollars,
and about $30 million in taxpayer money
was wasted on Barnett's last venture
(AstroPower).
How can this be justified?
Were this the accountability in this country?
Comment
6 of 7
November 8, 2005
Correct me if I am wrong, but I thought the idea was to promote solar power, (or whatever) but it seems to me that all anyone wants to do is make a monentary gain. If you think along those lines, how can one develope a reasonable solar panel, that is within the price range of the average person? It seems that the all-mighty doller has stuck its head up again! .T.
Comment
7 of 7
May 21, 2008
I worked for Bill Yerkes at Arco Solar for four years. I designed and built an eight-station research lab in Chatsworth CA so some physicists and scientists could have their own computerized station and vacuum chambers to automate research of MTF (microcrystalline thin film solar cells. Bill Yerkes is a highly ethical man who is committed to this earth's environmental/energy balance.
I am now looking to support other projects to further develop solar, wind and other alternative energies.
310 948-9728 cell
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