DOE loan guarantee boost for Abound

LOVELAND – Abound Solar recently received a major boost from the U.S. Department of Energy, without which the company would have little chance of progressing in the increasingly competitive solar panel market.

“This is certainly the best news in the short history of our company,´ said President and CEO Tom Tiller. It also boosts confidence in Abound as a going concern.

Tiller explained that without the $400 million loan guarantee, Abound would probably never have gained enough of a foothold in the industry to scale up to a competitive size.

While the loan guarantee is paramount to the company’s future, it hasn’t…