Evergreen Solar

Evergreen Solar was a company that specialized in manufacturing solar panels to convert sunlight into electricity. They used a unique technology called "string ribbon," which aimed to produce solar cells more efficiently and at lower costs compared to traditional methods. Despite innovation and growth, the company faced financial difficulties due to high manufacturing costs, intense market competition, and reductions in government incentives for solar energy. By 2011, Evergreen Solar went bankrupt and closed most operations, highlighting the challenges faced by renewable energy companies in balancing technological advancement with market competitiveness.